He joined his partners to break away and do things on their own terms.
Get the best of both worlds when you join an RIA firm
If you’re interested in becoming an RIA but not so interested in running your own business, joining an RIA firm may be a great option for you. Here’s why Rachel is glad she took that route:
Infrastructure: Existing firms already have the technologies, processes and teams in place to help you transition your clients.
Reputation: Marketing is straightforward when you can leverage the status of an existing firm.
Simplicity: Joining a firm allows you to focus on your clients rather than day-to-day business operations.
Affordability: When you’re part of a larger team, you’ll avoid the time and costs associated with running your own business.
Does joining a firm add up?
- 1. InvestmentNews, “The Truth about Transition: The Grass Often Is Greener.” October 14, 2016.
- 2. TD Ameritrade Institutional internal analysis, September 2014.
If you’ve decided to join a firm but aren’t sure where to begin, use this checklist to help you find the right kind of RIA firm for you.
Want a quick look at the steps you'll need to take to transition to an RIA firm? Use this infographic to get a glimpse at your journey and find out what you can expect along the way.
If you want to become an RIA but aren’t ready to forego your commission-based business, the hybrid model may be more suitable for you. In this perspective piece, we’ll discuss this option and what to look for in a broker-dealer.
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
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.