Become an IAR

You are already in the financial services industry and are looking to grow your business without compromising your core competencies, day to day operations, and reputation. You may want to become a full service Financial Advisor, as you’ve seen your industry trending in that direction already. However, you may not be sure what step to take next. There is a solution that seamlessly grows your business without complicating or conflicting with your values, fiduciary responsibilities, or business model.

Becoming an Investment Advisor Representative (IAR) is the new standard compared to becoming a Registered Representative. As an IAR you will become a Financial Advisor who must act in the best interests of your clients through your fiduciary commitment. You’ll also gain the advantages of a fee-based compensation model which enables greater transparency for your clients.

You Don’t Have To Go It Alone

As a new IAR you will have the option to join one of our Preferred Partner RIAs. There are three distinct options when joining a Preferred Partner RIA. The first option allows you to join an existing office in your area. The second option allows you to open a satellite branch in a new market. The third option allows you to just use the RIAs portfolios as another product for your in home client visits.

Are You An Ideal Fit As An IAR?

Here’s a quick breakdown of the people we are helping become IARs:

  • Insurance & Annuity Agents: Finally be able to represent your clients across their entire portfolio. Quit handing off the investment business to someone else. The best part is, the RIA handles management of the funds and investments so all you have to focus on is maintaining the relationship. We know you do that well already!
  • Women Agents: Why did we single out women? You’ve got strong relationships with your clients where they trust you, confide in you and consult with you. Take them back into your own hands and use our services and the power of an RIA to deliver results across the board.
  • CPAs: You are an ideal candidate because you already are your clients most trusted advisor, have a rapport for acting in their best interest, and command a strong business acumen. Becoming an IAR with SimplyRIA seamlessly fits into your workload and expands your offerings. You’ve been reading about the trend of accountants adding financial planning to their practice, now there is a turnkey commission free model for you.

We offer plenty of tools to help you get started. So if you’re ready to take your Series 65 and do something positive for yourself and your clients, then contact us today. You’ll be up and running faster than you might think. In fact, we guarantee it!

Why Start Building A Fee-Based Practice Today?

Assuming you start from zero, accumulate $4,000,000 in new client assets each year, and a conservative 6% growth per year you can see how your recurring income grows. Remember, in the RIA space you own your book of business and can sell it for a multiple when you decide to exit the business. As an established financial professional, you could easily exceed the $4,000,000 in production by recapitalizing your existing clients.

Year Start of Year New AUM 6% Growth Year End Balance Annual Compensation
1 0 $4,000,000 $240,000 $4,240,000 $42,400
2 $4,240,000 $4,000,000 $494,400 $8,734,400 $87,344
3 $8,734,400 $4,000,000 $764,064 $13,498,464 $134,984
4 $13,498,464 $4,000,000 $1,049,908 $18,548,372 $185,483
5 $18,548,372 $4,000,000 $1,352,902 $23,901,274 $239,012
6 $23,901,274 $4,000,000 $1,674,076 $29,575,351 $295,753
7 $29,575,351 $4,000,000 $2,014,521 $35,589,872 $355,898
8 $35,589,872 $4,000,000 $2,375,392 $41,965,264 $419,652
9 $41,965,264 $4,000,000 $2,757,916 $48,723,180 $487,231
10 $48,723,180 $4,000,000 $3,163,391 $55,886,571 $558,865