Ideal Advisor to Start an RIA
Drawing on our experience of helping Advisors realize the independent RIA space we have found a common motif among Advisors who choose to start their own RIA. Obviously every transition is unique, with its own factors and considerations, but below you’ll find what we have seen as contributing factors leading Advisors to start an RIA instead of joining one.
Key Considerations Before Starting an RIA
- Business Owner
- Total Independence
- Brand Name, consider the “Group” name such as a specific wirehouse practice
- Unique Value Proposition: ie they are already some other type of xyz financial professional and this fits in seamlessly