In the wake of 2008-2009 market meltdown and resulting consolidation of major firms, many advisors have chosen to go independent either by forming their own RIA or joining existing RIA firms. As attractive as running your own business seems, many advisors underestimate how hard it is to both run a business and manage client relationships.
RIA Choices: There are many things to consider when deciding to form your own Registered Investment Advisory (RIA) or to affiliate with an existing registered RIA.
Establishing your own RIA
PROS
No repapering if you decide to change affiliations
Can establish an Independent track record of performance
Highest level of Control and Independence
Quarterly fees can be paid to a corporate entity instead of a the registered individual
CONS
Opportunity costs by spending time in areas that are not client focused and where you lack expertise
Regulatory Burdens
You interface directly with regulators not us
Increased Costs – E&O coverage
RIA Affiliation through Partnervest
BENEFITS
Reduced overhead and costs
Regulators come to our office not yours
Collaborative regulatory environment
Create your own branding
Contractually you own your book of business
All the benefits of Independence without the hassle
Registered Investment Advisor Services
In the wake of 2008-2009 market meltdown and resulting consolidation of major firms, many advisors have chosen to go independent either by forming their own RIA or joining existing RIA firms. As attractive as running your own business seems, many advisors underestimate how hard it is to both run a business and manage client relationships.
RIA Choices: There are many things to consider when deciding to form your own Registered Investment Advisory (RIA) or to affiliate with an existing registered RIA.
Establishing your own RIA
PROS
CONS
RIA Affiliation through Partnervest
BENEFITS