Q124 - What Is An RIA-Friendly Broker-Dealer?

You don’t have to be 100% fee-only to transition your practice to the RIA model.There are potential ways to “solve” for your remaining legacy commission assets.One potential way is to utilize an “RIA-Friendly Broker-Dealer.”But what exactly is an RIA-Friendly Broker-Dealer?How does it work?Is it available for you to use?How much does it cost?In this episode (#124) of the Transition To RIA question and answer series, I explain what an RIA-Friendly Broker-Dealer is and when you might consider using one.Come take a listen!P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.Show notes: https://TransitionToRIA.com/what-is-an-ria-friendly-broker-dealer/About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.