Podcast

Episodes (also available in video format here):

• Episode 114 – What are the most stressful parts of starting an RIA?  (transcription & show notes)
• Episode 113 – Can I join a custodian’s client referral program?  (transcription & show notes)
• Episode 112 – What motivates advisors to transition to the RIA model?  (transcription & show notes)
• Episode 111 – What is the most time-consuming part of transitioning to the RIA model?  (transcription & show notes)
• Episode 110 – What is the most popular type of RIA to join?  (transcription & show notes)
• Episode 109 – What is the most exciting part about starting an RIA?  (transcription & show notes)
• Episode 108 – What is the difference between “reoccurring” revenue and “fee-based” revenue?  (transcription & show notes)
• Episode 107 – Are the economics better in the RIA model?  (transcription & show notes)
• Episode 106 – What is the real estate advantage of the RIA model?  (transcription & show notes)
• Episode 105 – Will my practice have a higher valuation in the RIA model?  (transcription & show notes)
• Episode 104 – Should I transition to the RIA channel at my multi-channel firm?  (transcription & show notes)
• Episode 103 – Should I avoid joining a private equity backed RIA?  (transcription & show notes)
• Episode 102 – What is the difference between a Super-OSJ and an RIA?  (transcription & show notes)
• Episode 101 – What is the difference between a hybrid RIA and a hybrid broker-dealer?  (transcription & show notes)
• Episode 100 – Seven questions about the RIA model Michael Kitces has never been asked. (w/ guest Michael Kitces)  (transcription & show notes)
• Episode 99 – What do advisors fear about compliance with the RIA model?  (transcription & show notes)
• Episode 98 – Is the RIA model right for your practice?  (transcription & show notes)
• Episode 97 – What type of RIAs should you not join?  (transcription & show notes)
• Episode 96 – What is the quickest you could transition to the RIA model?  (transcription & show notes)
• Episode 95 – Why is it harder to pick an RIA to join than a broker-dealer to join?  (transcription & show notes)
• Episode 94 – Why go RIA when wirehouses offer huge upfront checks?  (transcription & show notes)
• Episode 93 – What is the difference between a corporate RIA and an independent RIA?  (transcription & show notes)
• Episode 92 – How much cash should I have saved before transitioning my practice to the RIA model?  (transcription & show notes)
• Episode 91 – What is the payout if I join an RIA?  (transcription & show notes)
• Episode 90 – What website domain should I use with my new RIA?  (transcription & show notes)
• Episode 89 – How do I evaluate a potential RIA to join? (w/ guest Penny Phillips)  (transcription & show notes)
• Episode 88 – What are the three key decisions involved with considering the RIA model?  (transcription & show notes)
• Episode 87 – What is the most important software for a new RIA?  (transcription & show notes)
• Episode 86 – How to run a large RIA with only one person?  (transcription & show notes)
• Episode 85 – What could prevent an advisor from starting an RIA?  (transcription & show notes)
• Episode 84 – How much does it cost to start an RIA?  (transcription & show notes)
• Episode 83 – How much E&O coverage does my RIA need?  (transcription & show notes)
• Episode 82 – Won’t large RIAs have the same challenging compliance departments as broker-dealers?  (transcription & show notes)
• Episode 81 – Is broker-dealer technology better than RIA technology?  (transcription & show notes)
• Episode 80 – Can I take my employees with me if I transition to the RIA model? (w/ guest Rich Chen)  (transcription & show notes)
• Episode 79 – How do I explain the RIA model to clients?  (transcription & show notes)
• Episode 78 – Can I manage client assets myself as an RIA?  (transcription & show notes)
• Episode 77 – Why don’t more financial advisors transition to the RIA model?  (transcription & show notes)
• Episode 76 – Can I accommodate concentrated stock positions as an RIA?  (transcription & show notes)
• Episode 75 – What are 13 ways that RIAs have an unfair advantage?  (transcription & show notes)
• Episode 74 – How can I reduce or eliminate my real estate office expense as an RIA?  (transcription & show notes)
• Episode 73 – What is a “Corporate RIA?”  (transcription & show notes)
• Episode 72 – How to calculate your true net broker/dealer payout?  (transcription & show notes)
• Episode 71 – What is a “Supported Independence” RIA model?  (transcription & show notes)
• Episode 70 – Can I have foreign clients as an RIA?  (transcription & show notes)
• Episode 69 – How to generate the highest income with your RIA?  (transcription & show notes)
• Episode 68 – What are mistakes to avoid when trying to recruit advisors to join your RIA?  (transcription & show notes)
• Episode 67 – How would I improve the wirehouse brokerage model?  (transcription & show notes)
• Episode 66 – Should you change affiliation models during challenging market conditions?  (transcription & show notes)
• Episode 65 – Mistakes advisors make when transitioning to the RIA model.  (transcription & show notes)
• Episode 64 – What do I think of “IAR-only” channels at broker-dealers?  (transcription & show notes)
• Episode 63 – What are the largest expenses of running an RIA?  (transcription & show notes)
• Episode 62 – Should I join an independent broker-dealer first or should I go straight to the RIA model?  (transcription & show notes)
• Episode 61 – What should I do with my legacy commission business?  (transcription & show notes)
• Episode 60 – How does a wirehouse compare to an RIA?  (transcription & show notes)
• Episode 59 – What is an RIA technology stack?  (transcription & show notes)
• Episode 58 – What is an Outsourced Chief Compliance Officer? (w/ guest Jeff Chapman)  (transcription & show notes)
• Episode 57 – What is a TAMP?  (transcription & show notes)
• Episode 56 – What is the Broker Protocol?  (w/ guest Eric Siber)  (transcription & show notes)
• Episode 55 – How much revenue does a broker-dealer generate from their advisors?  (transcription & show notes)
• Episode 54 – 10 questions on the future of the RIA model. (w/ guest Bob Veres)  (transcription & show notes)
• Episode 53 – How to choose a custodian for your RIA?  (transcription & show notes)
• Episode 52 – How to structure the legal ownership of an RIA? (w/ guest Richard Chen)  (transcription & show notes)
• Episode 51 – Should I join an existing RIA?  (transcription & show notes)
• Episode 50 – How to offer insurance solutions as an RIA? (w/ guest Tim Rembowski of DPL Financial Partners)  (transcription & show notes)
• Episode 49 – How long does it take to transition to the RIA model?  (transcription & show notes)
• Episode 48 – Why should an RIA use Linkedin? (w/ guest Sara Grillo)  (transcription & show notes)
• Episode 47 – 10 reasons to NOT start an RIA?  (transcription & show notes)
• Episode 46 – How do I obtain Errors & Omissions insurance (“E&O”) as an RIA? (w/ guest Scott Shannon of Windermere Insurance Group)  (transcription & show notes)
• Episode 45 – How to charge for financial planning? (w/ guests Lucy Robeson & Isabelle McGrail of AdvicePay)  (transcription & show notes)
• Episode 44 – What is the minimum amount of assets under management I should have before I start my own RIA?  (transcription & show notes)
• Episode 43 – How to run the business side of your own RIA? (w/ guest Andrea Schlapia of Ironstone)  (transcription & show notes)
• Episode 42 – How to start an RIA?  (transcription & show notes)
• Episode 41 – How do I navigate the legal considerations of breaking away from my current firm to transition to the RIA model?  (w/ guest Sharron Ash)  (transcription & show notes)
• Episode 40 – How does a broker-dealer grid payout compare to an RIA?  (transcription & show notes)
• Episode 39 – How do I start a podcast as my own RIA?  (w/ guest Matt Halloran of ProudMouth)  (transcription & show notes)
• Episode 38 – Am I required to have a CFP designation to start my own RIA?  (transcription & show notes)
• Episode 37 – How do I create a marketing plan for my new advisory firm?  (w/ guest Claire Akin of Indigo Marketing Agency)  (transcription & show notes)
• Episode 36 – How does an RIA custodian generate revenue?  (transcription & show notes)
• Episode 35 – What is a “Hybrid” RIA?  (transcription & show notes)
• Episode 34 – What kind of RIA compliance consultants are there to choose from?  (transcription & show notes)
• Episode 33 – Can an RIA charge performance fees?  (transcription & show notes)
• Episode 31 – What is the difference between fee based and fee only?  (transcription & show notes)
• Episode 30 – Is it possible to keep some of my legacy commission business?  (transcription & show notes)
• Episode 28 – What can I expect to happen during a regulatory exam?  (transcription & show notes)
• Episode 27 – Can I start as single custodian and then become multi-custodian later?  (transcription & show notes)
• Episode 26 – What conflicts of interest do you have to disclose as an RIA?  (transcription & show notes)
• Episode 25 – Should I buy an existing RIA or start my own?  (transcription & show notes)
• Episode 24 – What is a No Transaction Fee program?  (transcription & show notes)
• Episode 23 – What is the difference between Transaction Based Pricing & Asset Based Pricing?  (transcription & show notes)
• Episode 22 – Does my custodian send account statements to my clients?  (transcription & show notes)
• Episode 21 – Can I charge flat or hourly rate fees for financial planning as an RIA?  (transcription & show notes)
• Episode 20 – What is the minimum account size I can have as an RIA?  (transcription & show notes)
• Episode 19 – Will my custodian offer every mutual fund I might want to use with my clients?  (transcription & show notes)
• Episode 18 – Will I keep 100% of my clients if I start my own RIA?  (transcription & show notes)
• Episode 17 – As an RIA, can I use more than one custodian?  (transcription & show notes)
• Episode 16 – What is an advisory agreement and how do I create one?  (transcription & show notes)
• Episode 15 – Does the client or RIA pay the trading transaction costs?  (transcription & show notes)
• Episode 14 – What level of bottom line income can I expect to earn as an RIA?  (transcription & show notes)
• Episode 13 – Can I sell insurance as an RIA?  (transcription & show notes)
• Episode 12 – How much does an RIA compliance consultant cost?  (transcription & show notes)
• Episode 11 – Won’t I have to pay for doing my own compliance as an RIA?  (transcription & show notes)
• Episode 10 – Will I officially own my book with my own RIA?  (transcription & show notes)
• Episode 9 – What is the minimum AUM I must have to start an RIA?  (transcription & show notes)
• Episode 8 – How often will my RIA receive a regulatory exam?  (transcription & show notes)
• Episode 7 – Do I have to get Outside Business Activities approved as an RIA?  (transcription & show notes)
• Episode 6 – Can I have discretionary accounts as an RIA?  (transcription & show notes)
• Episode 5 – How long does it take to register an RIA?  (transcription & show notes)
• Episode 4 – How do I logistically setup an RIA?  (transcription & show notes)
• Episode 3 – What is the difference between an RIA and an IAR?  (transcription & show notes)
• Episode 2 – Do I need to register with the SEC or with my state?  (transcription & show notes)
• Episode 1 – Why should I consider starting my own RIA?  (transcription & show notes)