Q141 - Is It Easier To Acquire An Existing RIA Or Register A New One?

Should you register a new RIA, or simply buy an existing RIA?If you are considering transitioning your practice to the RIA model, you have multiple pathways to choose from.Some advisors conclude they want to have their own RIA, others conclude joining an existing RIA offering is the better fit, etc.If having your own RIA is your chosen path, you might wonder if simply buying an RIA (as part of your transition) is the easier route to take to get into the model, versus going through the process of formally registering a new RIA.As I explain in this episode (#141) of the Transition To RIA question and answer series, it is generally advisable in this scenario to register a new RIA, versus buying an existing RIA.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/is-it-easier-to-acquire-an-existing-ria-or-register-a-new-one/About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors between $50M and $1B 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.