Q63 - What Are The Largest Expenses Of Running An RIA?

Don't confuse the expenses of running an RIA as being "new" expenses compared to what you have now.Depending on your current affiliation model, you are likely already paying these expenses, they are just embedded in the payout you receive.In the RIA model, you have much more control over how to manage these expenses.....TO YOUR BENEFIT!In the latest episode of my RIA explanatory series, I discuss five of the largest expense items of a modern day advisory firm, and how to best manage them:Office spaceTeam membersTechnologyTAMPComplianceCome take a listen!Show notes: https://TransitionToRIA.com/what-are-the-largest-expenses-of-running-an-riaAbout 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.