He joined his partners to break away and do things on their own terms.
Our best advice
Your custodian isn’t your only resource, however. Network with peers already in the RIA model to discover their ups and down as they transitioned and grew. Be sure to ask them about their custodian and find out what they like and dislike most about the partnership. Once you’ve gathered enough information from current RIAs, you should feel more confident going into your own transition. We found that with the proper insights, jumping into the RIA model was simpler than we thought—we only wish we would have done it sooner!
Learn more about transitioning to the RIA model by contacting TD Ameritrade today!
Or call 800-934-6124
We’ll help you
Thinking of becoming an RIA, but unsure of the financial implications? Learn more about the potential benefits with our RIA Economic Evaluator.
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.
Ready to go out on your own? Let’s do some math. Use this worksheet to keep track of what your startup costs may be.
Transitioning to independence could be a win for you and your clients. Find out what other Advisors have to say about what it’s like on the other side.