Q94 - Why Go RIA When Wirehouses Offer Huge Upfront Checks?

There are many participants in our industry who run around gleefully messaging the big upfront bonus checks wirehouses are known to write.Have you ever considered why that is their opening line?As they say in Texas, are they “big hat, no cattle?”Before considering taking a big upfront check for joining a firm, it is important to understand the trade-offs you’re forced to take in return.In this episode of the Transition To RIA question & answer series I explain what those trade-offs are, and how it compares to pursuing an RIA path instead.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/why-go-ria-when-wirehouses-offer-huge-upfront-checks/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.