After 12 years at his independent broker-dealer, he decided enough was enough.
My best advice
Don’t be afraid to outsource
We recognized that outsourcing was important early on. At first, we were afraid that using third parties would cause us to lose control of the process or our data, but it was actually a great way to help us access professionals that are available when we need them. Additionally, outsourcing is the perfect way to get organized without making a big long-term investment.
Lean on technology
You can also use technology to help ease the load. iRebal, for example, allows us to rebalance in a day instead of once a quarter so we can always see our options and trade when we need to. We also license Salesforce through TD Ameritrade to drive all of our operational processes. I’ve found that using the right advisor software has been transformational for us.
Learn more about transitioning to the RIA model by contacting TD Ameritrade today!
Or call 800-934-6124
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Become an RIA in
From choosing the right business model to helping your firm thrive after transition, you may have a lot of questions about becoming an independent RIA. Get the answers you’re looking for in our guidebook, Becoming an Independent RIA.