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My transition

in numbers

6 years at the independent broker-dealer (IBD) | 2 months total transition time
97% clients retained during transition

My best advice

with Stephen Rischall

It’s really important to have a plan in place as you’re going independent. For my partner and me, plotting out our path ahead of time helped us stay on track and kept our transition smooth and efficient. I urge other advisors who are looking to become RIAs to work with a custodian that will help you build a timeline that works for you and your clients. Give yourself reasonable goals so that you always know what’s up ahead and can keep your stress levels low.
 
Planning up front will also give you an opportunity to better research the RIA model and get a clearer idea of what life will be like moving forward. The process may not always be easy, but for us, it was worth it in the end. Because when it’s all said and done, you can look back at everything you’ve accomplished and think, “Wow. Look how far I’ve come.”
Stephen Rischall

Inspired by my story?

Learn more about transitioning to the RIA model by contacting TD Ameritrade today!

Or call 800-934-6124

Meet advisors like you who have
successfully transitioned

Todd Resnick

He joined his partners to break away and do things on their own terms.

NextGen Advisors

Hear from advisors who know about how the RIA model is perfect for NextGen talent.

Joining a Firm

Hear from an advisor who joined a firm after going independent.

Gerald Loftin

After 12 years at his independent broker-dealer, he decided enough was enough.

Operational Efficiency

Hear from an operations pro about how to streamline your new firm's operations to provide a seamless customer experience.

Bob Rall

He left the wirehouse to build deeper relationships with his clients.

The Fong Brothers

They turned their family values into a strong foundation for a growing and successful firm.

Ryder Brose

He used the RIA model to put his clients first.

Ready for more

advisor insights and advice?

Start exploring

independence

Have you been thinking about what your future business might be like? Use our quick tool to get a better understanding of how to make the most of your journey toward becoming an RIA.

Become an RIA in

4 simple steps

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.

Additional resources
to help you on your journey

Quick Guide

A Student’s Guide to a Career in Financial Planning

Which advising model is right for you? Use this guide to find out—and learn more about the industry.

Infographic

Finding the Right Fit: A Quick Guide to Joining the Right RIA Firm

Interested in leveraging an existing firm’s infrastructure but not sure where to begin? This checklist can help.

Slideshow

Become Robo-Efficient in 3 Easy Steps

Offer clients in your new firm the automated convenience robo-advisors can provide—plus the human touch they can't.

Infographic

Advocating for You: The Cornerstone of What We Do

Becoming an RIA means having us on your side—even on Capitol Hill. Find out how we practice industry advocacy.

Need more resources to guide you?