Q54 - 10 Questions On The Future Of The RIA Model With Bob Veres.

In a slight pivot to my normal format, in the most recent episode of my RIA Question & Answer series, I sat down with long time industry observer, Bob Veres and challenged him with 10 questions related to the future of the RIA model:1) If you were standing in the front of a room of wirehouse advisors and one of them stood up and asked you what you thought of the RIA model, what would you say to them?2) What will be a pretty normal thing in the RIA model 10 years from now that does not either exist, or is not widespread today?3) If you were starting your own RIA, what would it look like?4) Do you think the prediction of national or super-regional RIA firms will bear out, and is it a good thing if it does?5) With these big firms, is there still room for smaller firms?6) What advice would you give college students who will be graduating soon and looking to enter our industry?7) Who is the RIA model not a good fit for?8) Over the coming years which affiliation channel is going to be most challenged by this transition to more independent models?9) Imagine you are king for the day and you can wave your wand and change one thing about our industry and you don’t have to worry about regulators or lobbyists or politicians or anything like that, there’s one thing you get to change, what is it?(Note: There are only 9 questions noted above as Bob ended up answering one of the questions during part of a previous answer.)Come take a listen and learn more!Show notes: https://transitiontoria.com/ten-questions-on-the-future-of-the-ria-model-with-bob-veres/About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has nearly 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. On his website (TransitionToRIA.com) he has a large catalog of free videos, whitepapers, as well as other resources to help advisors fully understand the RIA model and how it would apply to their unique circumstances.