Let’s be honest… you have been thinking about RIA for a while now. You are interested because you know it is a massive upgrade to your current situation. Independence provides ultimate business control, creating real business value, a better lifestyle, legacy planning, and monetization strategies. However, you may be struggling with finding the best options,
Category: Launching an RIA
How to Create a Vision Statement that Sets the Right Direction for Your RIA
When you’re planning a journey of any kind, you always begin with the end in mind. Everything you plan—the route, stops, timeline—stems from you saying, “I want to go to the beach” or wherever you want to be. Think of your firm’s vision statement as the “destination” for your journey of starting an RIA. It’s
4 Ways RIAs can Build and Maintain a Healthy Relationship Between Owners
Running a business is stressful, especially for RIAs. Building and maintaining a client book, getting through the mountains of paperwork to register with the proper authorities, keeping an eye on marketing, compliance, client portfolios, and so on and so on. It’s enough to wear you out. Wouldn’t it be great if you had a partner
3 Ways Fusion Black Ops Protects Breakaway Advisors Before, During and After You Launch Your New RIA
Starting your own RIA is like taking a long journey. You begin with the destination in mind—independence, control, no more splitting revenue with your parent firm. The journey is worth it, and you’re ready to jump in the car and go. But how do you get there? How long will it take? What obstacles should
Our Favorite Digital Marketing Strategies for RIAs
Marketing can be complex and intimidating. If you’re like most advisors, you either steer clear of marketing completely or you have a couple things you do when you have the time and energy (which isn’t often). With the advent of the internet, marketing is a continually evolving toolbox of growth strategies that vary wildly in
Why RIAs Should Consider Outsourcing Their I.T. Department
The Information Technology department in any company operates within a strange dynamic. If they’re doing their job right, nobody thinks about them. But when something tech-y goes wrong, everybody blames them first (and depends on them to fix everything). When it comes to building your I.T. department at your RIA, you have three options: Hire
The 15 Essential Pieces of an RIA’s Tech Stack, and How to Pick the Right Solution for Each
An RIA’s tech stack can be broken down into five categories, each with three subcategories: The Big 3 Investment Tools Portfolio Management Communications Firm Operations Today, we want to go through all five categories to look at how to decide what makes sense for you. This is not a roundup of all of the solutions
5 Essential Roles an Advocate Fulfills when Launching an RIA
When you’re launching an RIA, you need an advocate. A lot of advisors think they can launch an RIA on their own by just talking to someone they know who has done it before, or just powering their way through the process and devoting themselves to learning the ins and outs every step of the
Common Inorganic Growth Strategies for RIAs (and Which One You Should Use)
The signals sometimes seem conflicting. The advisor population is aging, with little new blood to replace it—the average advisor is in their mid-50s, and industry conferences are dominated by grey-haired professionals. It seems like, at least on paper, it would be a buyer’s market out there, favoring advisors who are looking to acquire or merge
Breaking Away to Form Your New RIA Without Violating the Broker Protocol
When it comes to breaking away from your wirehouse or IBD to start a new RIA, you want to make sure you do it right. One wrong step and you could find yourself the defendant in a court case against a giant corporation. So how can you proceed with caution? Most firms will operate under
