Form an RIA
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Voices Are smaller RIA firms facing extinction? Maybe not
From Financial Planning
Added on January 2019 in Form an RIA
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Summary: Over the last decade, the total number of state-registered RIA firms has not declined in a single year (specifically, firms with less than $100 million in regulatory assets under management register with the relevant states). At the end of 2008, there were approximately 13,800 firms. That number soared to more than 17,500 firms by early 2018.
Going Independent With $100 Million in Assets Under Management
From WealthManagement.com
Added on January 2019 in Form an RIA
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Summary: Eleven-year UBS veteran Brett Oley knew that he eventually wanted to be an independent financial advisor and planned to move within the next 10 years of his career. But he did what many would consider unthinkable: At age 35, with a new baby at home and $90 million in AUM, he started his own practice with independent broker/dealer Raymond James Financial Services. Sixteen months later, Brett and his partner, Ryan Kinser (who joined him in May 2018), are thrilled to be business owners and excited for what the future holds for them. Today, Oley Kinser Concierge Wealth has grown to $125 million in AUM and is continuing its upward trajectory.
The Six New Clichés Advisors Should Never Use
From Advisor Perspectives
Added on January 2019 in Form an RIA
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Summary: Happy New Year everybody! If you’re using these six phrases, stop before they become 2019’s newest clichés.
Independent Perspective: Why Reza Zamani Chose Independence
From InvestmentNews
Added on January 2019 in Form an RIA
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Summary: Going independent as a Registered Investment Advisor (RIA) is a decision requiring considerable thought and planning. In this second of a three-part series, InvestmentNews Content Strategy Studio explores how one advisor — Reza Zamani, Senior Partner of Steel Peak Wealth Management in Woodland Hills, Calif. — decided to make the move, and how Schwab Advisor ServicesTM not only helped with the transition, but also continues to support Steel Peak's growth.
Why a Decline in Fines Doesn't Mean Relaxed Enforcement
From WealthManagement.com
Added on January 2019 in Form an RIA
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Summary: Fines from the two of the country’s leading financial regulatory bodies are down big. FINRA sanctions dropped from $173.8 million last year to just $64.9 million in 2018, and there were fewer fines overall. This trend was also true of the Securities and Exchange Commission, suggesting that regulators are taking a newly relaxed approach to the rules. Look behind the numbers, however, and the reality is just the opposite.
