Related Posts
What is LEAD?
it’s h word hours i fear 🥹🥹😴
Anyone selling III points tickets for Saturday?
Additional Posts in Financial Advisors
Is the cfp as hard as people says it is?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Hello. I sold custody for one of the big four custodians and worked for one of the others for 10 years until I formed my own RIA three and a half years ago. I now custody assets with the other two. When I formed my firm I did so initially as a hybrid but am now a pure RIA. I am well versed in practice management, operations, technology, legal and compliance. I consult with a handful of advisors annually as a Consultant. I have no agenda and can share some unbiased insights with you if interested.
Try contacting Becca Knauss at theriaworks.com . She transitioned billions for High Tower then Dynasty. She knows this space better than almost anybody and now works on her own. If you are looking for unbiased opinions she's the right person
Thank you, I will reach out tomorrow. I also look forward to replies from wirehouse teams who have already made the switch to RIA and from those who are also considering it (what have you learned while "kicking the tires")... i.e.: In what ways are you better able to serve clients as an RIA? What did you wish someone would have told you when you were in the exploratory phase? What would you do differently if you were making the transition again? How much faster did you grow after becoming an RIA? What challenges did you face that you didn't expect? Other than a higher overall payout, what efficiencies did you gain?
Depends. Why are you leaving wells? Are you looking to further expand AUM? Are you open to utilizing processes/procedures proven to increase AUM and set you apart from everyone else, or just looking for new platform?
We really do respect and like the folks at Wells Fargo Advisors (clearly the bank itself has had major issues), but it just seems that so much of what takes up our day and slows us down is related to having a Series 7 while over 90% of our business is fee-based. We have a very unique value proposition which lends itself to allow us to bill for consulting services above and beyond financial planning and asset management., but this is not possible currently at WFA. We are interested in continuing to grow our team with talented team members and to acquire other businesses, but both have been very difficult for a number of reasons.
Thank you!
WFA OP
Would you like to learn what a seasoned Platform Service Provider can provide your team?
Contact Aaron Klemow, Director of Business Development at Kingsview +1 (203) 463-7242
Move to FINET, so you can move 100% of your book without brokers calling on your clients. Then move RIA later.
Move twice? Sounds terrible.
FiNet post must be a WFC person!
FiNet is NOT independence, it's WFC, period.