Q79 - How Do I Explain The RIA Model To Clients?
Episode description
There are many advantages for why financial advisors transition their practices to the Registered Investment Advisor ("RIA") model. Equally compelling are the advantages for their clients.
It is important to be able to articulate to your clients what the RIA model is, why you are transitioning your practice to it, and how it benefits them.
I frequently ask advisors that have already made the transition, how they explained it.
In this episode I provide several talking points to consider, and I share my all-time favorite answer from an advisor on how they explained it to their clients.
Come take a listen!
Show notes: https://TransitionToRIA.com/how-do-i-explain-the-ria-model-to-clients/
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.