Which RIA Conference Is Right for Me?

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.

Protect Your RIA’s Assets with Insurance

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

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.

Outsourcing Compliance

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

How to Handle Compliance

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).

Intro to Banking

The previous article was the kickoff to our current focus on the nitty-gritty of running an RIA. Since most advisors have little experience in business management, these next few articles will be helpful in bringing your firm up to speed quickly. In this article we will continue the most important topic: your firm’s finances. While you’re already in the business of managing people’s money, managing your own business’s finances is likely something you haven’t done, so we will continue this topic by focusing on banking.