16 min
Q44 - Minimum AUM Needed To Start Your Own RIA? Transition To RIA Podcast
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- Investing
This is episode #44 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....what is the minimum amount of assets under management (AUM) you need to be able to start your own RIA?
In theory, this should be a relatively simple question to answer. In practice though, and considering all of the variables involved, it is much more nuanced. There are a few different pathways to consider if you want to transition into the RIA model. One of those pathways involves starting your own RIA. Another involves joining an existing RIA firm. The challenge is, depending on who you ask as to whether you are large enough to start your own RIA (vs joining an existing RIA), will often dictate what their answer will be. When in fact, the answer should be based solely on the needs and specific circumstances of each individual advisor or team. Not based on who is answering the question.
About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has nearly 20 years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. On his website he has a large catalog of free videos, whitepapers, as well as other resources to help advisors fully understand the RIA model and how it would apply to their unique circumstances.
This is episode #44 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....what is the minimum amount of assets under management (AUM) you need to be able to start your own RIA?
In theory, this should be a relatively simple question to answer. In practice though, and considering all of the variables involved, it is much more nuanced. There are a few different pathways to consider if you want to transition into the RIA model. One of those pathways involves starting your own RIA. Another involves joining an existing RIA firm. The challenge is, depending on who you ask as to whether you are large enough to start your own RIA (vs joining an existing RIA), will often dictate what their answer will be. When in fact, the answer should be based solely on the needs and specific circumstances of each individual advisor or team. Not based on who is answering the question.
About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has nearly 20 years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. On his website he has a large catalog of free videos, whitepapers, as well as other resources to help advisors fully understand the RIA model and how it would apply to their unique circumstances.
16 min