RIAs, Independents http://wealthmanagement.com/taxonomy/term/23761/more en Starting new at LPL... would like advice. http://wealthmanagement.com/forums/rias-independents/starting-new-lpl-would-advice <div class="node-body forum-body"><p>Hello- Earlier on in the year I was planning on joining a friend of mine at LPL, and starting from scratch to build my own book of relationships. &nbsp;I felt like I needed more runway capital so I&#39;ve saved and saved and saved. &nbsp;Here are the facts?<br /> 1. &nbsp;Zero clients, but I would have a million dollar producer as a mentor.&nbsp;<br /> 2. &nbsp;Work out of the office rent free and access to assistant. &nbsp;<br /> 3. &nbsp;90% payout.&nbsp;<br /> 4. &nbsp;I have 7 years of investment experience. &nbsp;3 as an advisor and 4 as a wholesaler. &nbsp;</p> </div><div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/forums/rias-independents/starting-new-lpl-would-advice" target="_blank">read more</a></p> http://wealthmanagement.com/forums/rias-independents/starting-new-lpl-would-advice#comments RIAs, Independents Thu, 27 Nov 2014 00:29:35 +0000 717421 at http://wealthmanagement.com Vanguard complaints http://wealthmanagement.com/forums/rias-independents/vanguard-complaints <div class="node-body forum-body"><p>I am having repeated issues with Vanguard customer service. I have been placing my small IRA accounts with them and asking my accounts to sign a power of attorney to access their accounts. Vanguard keeps loosing the paperwork and making me get repeated power of attorneys and making me look incompetent. Is this Vanguards new strategy to piss of RIA&#39;s and take over and offer them their own Robo services? Has anyone else noticed the drop off in customer service to RIA&#39;s lately?</p> </div><div class="og_rss_groups"></div> http://wealthmanagement.com/forums/rias-independents/vanguard-complaints#comments RIAs, Independents Wed, 12 Nov 2014 21:52:26 +0000 704761 at http://wealthmanagement.com Evidencing Annual Compliance Requirements http://wealthmanagement.com/forums/rias-independents/evidencing-annual-compliance-requirements <div class="node-body forum-body"><p>Hey Guys - new to the forum. I am new to the RIA world and am wondering what the best way to evidence compliance, i.e. annual delivery of form ADV and Privacy Notice.&nbsp;<br /> &nbsp;<br /> If anyone can give me an idea of how they document this, that&#39;d be great.<br /> &nbsp;<br /> &nbsp;</p> </div><div class="og_rss_groups"></div> http://wealthmanagement.com/forums/rias-independents/evidencing-annual-compliance-requirements#comments RIAs, Independents compliance ria Tue, 11 Nov 2014 21:12:46 +0000 703751 at http://wealthmanagement.com Requesting RIA Input - Muni access http://wealthmanagement.com/forums/rias-independents/requesting-ria-input-muni-access <div class="node-body forum-body"><p>All,<br /> I am researching a business enabling retail investors better access and pricing to municipal bond primary issuances. The service would allow retail true access to primary issuances at the issue pricing. That is obviously a high level description, but want to keep it short.<br /> &nbsp;<br /> I&#39;d love to get the input of the RIA community here of your interest in such a product for your clients.</p> </div><div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/forums/rias-independents/requesting-ria-input-muni-access" target="_blank">read more</a></p> http://wealthmanagement.com/forums/rias-independents/requesting-ria-input-muni-access#comments RIAs, Independents municipal bonds Thu, 06 Nov 2014 19:27:16 +0000 699721 at http://wealthmanagement.com New Independent Advisor looking to share office in Phoenix http://wealthmanagement.com/forums/rias-independents/new-independent-advisor-looking-share-office-phoenix <div class="node-body forum-body"><p>I am a new Independent advisor in a top Hybrid RIA looking to share office space and staff with another Advisor or Advisors.<br /> I have over 20 years in the business and my assistant has been with me for 10 years.<br /> I am not looking to share your book, just want to add to the nicely built out office.<br /> Costs are negotiable, you won&#39;t be disappointed with the office space or location.<br /> &nbsp;<br /> Contact me with a message here and your preferred method of contact and I will get back to you with details if interested.</p> </div><div class="og_rss_groups"></div> http://wealthmanagement.com/forums/rias-independents/new-independent-advisor-looking-share-office-phoenix#comments RIAs, Independents Sat, 01 Nov 2014 05:33:22 +0000 696131 at http://wealthmanagement.com Realistic Assets and Production for indy http://wealthmanagement.com/forums/rias-independents/realistic-assets-and-production-indy <div class="node-body forum-body"><p>I realize office space and assistant are the two biggest costs for an Indy advisor looking to switch. &nbsp;If those two were off the table &nbsp;or subsidized in the first two years....what would be the asset level and production one would need to logically make the leap? &nbsp;10, 20, 30 million?</p> </div><div class="og_rss_groups"></div> http://wealthmanagement.com/forums/rias-independents/realistic-assets-and-production-indy#comments RIAs, Independents Wed, 29 Oct 2014 03:17:16 +0000 693021 at http://wealthmanagement.com RIA Friendly B/Ds http://wealthmanagement.com/forums/rias-independents/ria-friendly-bds <div class="node-body forum-body"><p>We&#39;re transitioning away from our current IBD and moving towards a true hybrid model.&nbsp; We&#39;ve selected TD as our custodian, and have several good options on the technology side to choose from.&nbsp; Where we&#39;re struggling is with the broker-dealers.<br /> &nbsp;<br /> Contrary to many RIAs, we want to have complete control on the compliance side.&nbsp; We understand B/Ds have certain oversight requirements, but we also know that many try to enforce their compliance guidelines and staff on the RIA.<br /> &nbsp;</p> </div><div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/forums/rias-independents/ria-friendly-bds" target="_blank">read more</a></p> http://wealthmanagement.com/forums/rias-independents/ria-friendly-bds#comments RIAs, Independents hybrid RIA Friendly Mon, 08 Sep 2014 01:36:36 +0000 647221 at http://wealthmanagement.com Can an RIA sponsor a series 7 or 24 exam http://wealthmanagement.com/forums/rias-independents/can-ria-sponsor-series-7-or-24-exam <div class="node-body forum-body"><p>Hello Everyone,<br /> &nbsp;<br /> I am new to posting to this board. &nbsp;I was wondering, I have my series 7 &amp; 66 licenses; if i were to start an RIA firm, can I sponsor new employees for the series 7 exam? Generally only the series 63 &amp; 65 is need but if I were to start my own firm I would prefer if employees had their series 7 &amp; 66 instead. &nbsp;Also, would I be able to sponsor myself for the series 24? Any help, insight or suggestions would be much appreciated, thank you.<br /> &nbsp;<br /> Best Regards,<br /> IWM1</p> </div><div class="og_rss_groups"></div> http://wealthmanagement.com/forums/rias-independents/can-ria-sponsor-series-7-or-24-exam#comments RIAs, Independents ria Series 24 series 7 Tue, 19 Aug 2014 14:02:26 +0000 633381 at http://wealthmanagement.com Starting as RIA, while still in school? http://wealthmanagement.com/forums/rias-independents/starting-ria-while-still-school <div class="node-body forum-body"><p>I am going to be a junior at a major state school this year, majoring in finance. &nbsp;I am currently interning at a very reputable advisory firm where I have met some great people and have experienced 10 weeks of the life of an FA.<br /> &nbsp;<br /> While I love the job and the opportunity is great, I see no reason why I can&#39;t do this without the firm. &nbsp;Plus, I really don&#39;t know if I can stand behind the investment philosophies promoted here. &nbsp;I would prefer to have more autonomy and higher payouts.<br /> &nbsp;</p> </div><div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/forums/rias-independents/starting-ria-while-still-school" target="_blank">read more</a></p> http://wealthmanagement.com/forums/rias-independents/starting-ria-while-still-school#comments RIAs, Independents Mon, 28 Jul 2014 20:17:28 +0000 615451 at http://wealthmanagement.com Considering move to Independent, looking for reasonable input. http://wealthmanagement.com/forums/rias-independents/considering-move-independent-looking-reasonable-input <div class="node-body forum-body"><p>I have a 25 year career as an FA have been at 3 firms during that time, both regional and wirehouse.<br /> Now I am a little frustrated with my current bank channel wirehouse and not interested in another contract.<br /> I have several reasons for wanting to make a change one of which is the thought of being able to transition my business to someone in the next 10 years under my terms and not those of an everchanging wirehouse.<br /> My production is a million plus mostly discretionary fee based accounts. Fee&#39;s are about 70% of my business.</p> </div><div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/forums/rias-independents/considering-move-independent-looking-reasonable-input" target="_blank">read more</a></p> http://wealthmanagement.com/forums/rias-independents/considering-move-independent-looking-reasonable-input#comments RIAs, Independents Wed, 23 Jul 2014 22:48:48 +0000 611681 at http://wealthmanagement.com