Ask Brad: How Much Cash Do You Need to Transition to an RIA?

Brad WalesThis 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.

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Several variables go into a successful transition of a practice to the Registered Investment Advisor (“RIA”) model.

It starts with first determining if the RIA model is a fit for your practice. Will it achieve what you are hoping for?

If it is a fit, next is an understanding of the different RIA models from which to choose.

From there, you identify and perform due diligence on the solution providers supporting your chosen model.

Finally, you orchestrate a carefully crafted plan to navigate your departure from your current firm and the transition of your clients to your new setting.

This process typically takes six to nine months from start to finish.