In the previous article, we explored the benefits of attending in-person conference events along with the various types of RIA conferences. In this article, we’ve gathered reviews from several sources to make our picks and we looked at speaker selection, venue, and overall execution. Armed with this information, you’ll be able to make the best choices to advance your RIA goals.
With COVID lockdowns and restrictions now in the rear-view mirror, it’s time to get back to in-person events. While some conferences attempted to adapt by switching to a purely digital format during the pandemic, which was helpful, it just wasn’t the same. A recent survey of 1,000 conference participants around the US found that 70% prefer to attend conferences in person rather than virtually. The best networking usually happens in person since body language and subtle communication cues don’t come across as well over Zoom. With any video conferencing software, interactions are planned and structured, removing the possibility of those chance encounters with other attendees that can bring real value to your business.
In this article we discuss some of the different insurance options that are important for RIAs to hold and what each one covers. We recommend that all new RIAs seek insurance as soon as possible, including errors and omissions, workman’s compensation, and health insurance.
Choosing a custodian is one of the most important decisions you will make as a newly independent RIA. These tips above should help you select the best custodian for your firm’s needs. And once this is done, you’re ready to start managing your client’s accounts, and there are only a few other housekeeping duties to perform, which we’ll cover over the next few months.
In the previous article we discussed what an outsourced compliance firm can do and walked through the research needed to begin. In this article we will offer some tips on how to have a successful relationship with your CCO. Compliance is complex and time-consuming, so leave it to the professionals. You have plenty on your
There are many things to worry about when you’re first getting started as an independent RIA. By the nature of this industry, everything is tightly regulated, which means there is a lot of paperwork. You have two options to handle this: you can prepare the necessary paperwork yourself (cheaper, but time-consuming and complex) or hire an RIA compliance firm to handle everything (much less stressful).
At Redi2, we are passionate about making billing better for financial services firms. As we do so, our clients become more successful at servicing their clients. This outcome has earned Redi2 the confidence of many of the world’s leading financial institutions.