Podcast

Tune in as I answer RIA related questions I get from advisors just like you.

Episodes (also available in video format here):

• 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)