Becoming an RIA
Before we discuss the process of becoming an RIA, we should establish what these investment professionals actually do. Registered Investment Advisors (RIAs) manage the assets of individual investors and are compensated accordingly for their advisory services. They enjoy the freedom to use their own market expertise and investment strategies to help grow their clients’ portfolios.Of course, RIA’s typically charge a fee for their services, derived from assets under management and/or hourly compensation. Most advisors prefer this payment arrangement because it eliminates the conflict of interest often found in the traditional commission-based business. It is as simple as this - as the client’s assets grow so do the advisor’s fees. Once you have made the decision to become an RIA, we recommend you outline the exact services you plan to offer your clients so you can follow the appropriate steps as you build an organization that best suits you.
So before you can offer your services and depending on your advisory objectives, there are various registration, compliance and legal concerns you must address accordingly.
So if you are ready to get started, Trade-PMR is ready to help. Our relationship managers are here to answer any of your questions or concerns, so give us a call at 888-723-3767 ext. 121. You can also check out our Getting Started brochure, or request an information packet from us. click