Ask Brad: What Can an RIA Learn from McDonalds?

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.

Imagine you want to open a burger restaurant.

Not a franchise of an existing burger chain, but your own branded concept.

You have a vision for your restaurant; a friendly atmosphere, inviting décor, tasty food, memorable branding, etc.

Those are the fun parts of running a restaurant.

What about the “back office” tasks? Ordering food supplies, processing payroll, closing the monthly accounting, to name a few.

You’d likely put those in the not-so-fun bucket.