42 episodes

Brad Wales, founder of Transition To RIA (TransitionToRIA.com) discusses WHY and HOW to transition your financial advisory practice to the Registered Investment Advisor ("RIA") model. This question/answer style podcast pulls directly from the hundreds of RIA related questions Brad has been asked over the years. With nearly 20 years industry experience, including direct RIA related roles in compliance, finance and business development, Brad has become the go-to expert for everything advisors want to learn and understand about the RIA model. Brad's firm, Transition To RIA is completely independent of any one solution, thus he is able to provide impartial advice and guidance across all of the possible pathways into the model.

Transition To RIA Podcast Brad Wales

    • Business
    • 5.0 • 3 Ratings

Brad Wales, founder of Transition To RIA (TransitionToRIA.com) discusses WHY and HOW to transition your financial advisory practice to the Registered Investment Advisor ("RIA") model. This question/answer style podcast pulls directly from the hundreds of RIA related questions Brad has been asked over the years. With nearly 20 years industry experience, including direct RIA related roles in compliance, finance and business development, Brad has become the go-to expert for everything advisors want to learn and understand about the RIA model. Brad's firm, Transition To RIA is completely independent of any one solution, thus he is able to provide impartial advice and guidance across all of the possible pathways into the model.

    Q44 - Minimum AUM Needed To Start Your Own RIA?

    Q44 - Minimum AUM Needed To Start Your Own RIA?

    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
    Q43 - How To Run The Business Side Of Your Own RIA?

    Q43 - How To Run The Business Side Of Your Own RIA?

    This is episode #43 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.....how do I run the business side of my own RIA?
    Having your own RIA involves identifying and utilizing various solution providers to assist you in successfully running your practice.  These solution providers often include compliance consultants, technology vendors, marketing experts, TAMP solutions, etc.  In each such instance, these providers help by guiding you along a proven process for how to achieve the desired objectives they each individually help you solve for. Often overlooked is the important process of running the actual small business side of your own firm.  Hiring/mentoring employees, establishing policies and procedures, creating efficient workflows, etc are all key to running a successful RIA firm.  In today's episode we are joined by guest, Andrea Schlapia of Ironstone who is the expert on guiding RIAs on how to successfully navigate the business side of running their own firm.
    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.
     
    Website:  TransitionToRIA.com

    • 36 min
    Q42 - How To Start An RIA?

    Q42 - How To Start An RIA?

    This is episode #42 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 capstone question of.....how do I start my own RIA?  I address, among other things:
    ✔️ Why transitioning your practice to the RIA model doesn't have to be complicated.
    ✔️ The three distinct approaches to the model.
    ✔️ Why you might choose one of the approaches over another.
    ✔️ How this makes everything else about transitioning to the RIA model much easier.
    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.
    Website:  TransitionToRIA.com

    • 24 min
    Q41 - How Do I Navigate The Legal Considerations Of Breaking Away To Transition To The RIA Model?

    Q41 - How Do I Navigate The Legal Considerations Of Breaking Away To Transition To The RIA Model?

    Episode #41:  This is episode #41 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 am joined by special guest Sharron Ash, where together we address:
    ✔️ The profile of advisor that needs to be familiar with these legal considerations.
    ✔️ The "broker protocol" and when/how a transitioning advisor might utilize it.
    ✔️ Considerations to be aware of beyond just general solicitation topics.
    ✔️ How to develop a strategy to navigate a transition.
     
    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.
    Website:  TransitionToRIA.com

    • 41 min
    Q40 - How Does A Broker-Dealer Grid Payout Compare To An RIA?

    Q40 - How Does A Broker-Dealer Grid Payout Compare To An RIA?

    Episode #40:  This episode is from video #40 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. In this episode, I address:
    ✔️ You're probably receiving less in payout than you realize✔️ The importance of an itemized bill vs bundled bill✔️ Some painful math regarding your payout✔️ How this all compares to the RIA model
    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.
    Website:  TransitionToRIA.com

    • 23 min
    Q39 - How Do I Start A Podcast As My Own RIA?

    Q39 - How Do I Start A Podcast As My Own RIA?

    Episode #39:  This episode is from video #39 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I am joined by podcasting expert, Matt Halloran to explain how as an RIA you can establish your own podcast to better position yourself in the marketplace and attract new clients.
    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.
    Website:  TransitionToRIA.com (https://transitiontoria.com/)

    • 31 min

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