Ask Brad: Why Do So Many RIAs Fail to Launch?

This is the latest installment of a regular column to answer questions from advisors who are considering transitioning to an RIA model. To see Brad’s previous articles, click here. To submit your question, please email Brad here.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

As we near the end of the year, human nature prompts us to do two things: reflect on the year gone by and set goals for the coming 12 months.

Considering we have now battled through the second year of a worldwide pandemic, we should be proud of overcoming the personal and professional challenges that have touched us all this past year.

As you look to the new year and the goal-setting process that follows, I challenge you to think differently.

What goals have you not accomplished that were, if you’re being true to yourself, left undone due to a lack of your own actions versus external forces out of your control?

My firm, Transition To RIA, helps advisors explore and – where it’s a fit – transition their practice to the RIA model.

The RIA model is not for everyone. However, for a large portion of advisors, the advantages are far superior to what they have available to them via their affiliation model.