While RPAs and wealth managers have long been considered separate practices, retirement planning advisors are turning to wealth management in search of new clients while expanding their own expertise and why RIAs are starting to use DC plans as a way to find more wealth management clients.
In this episode, Fred Barstein, contributing editor for RPA Edge, is joined by Dick Darian, founder and CEO of Wise Rhino Group. They dive into RPAs and wealth management, discussing the differences while considering the opportunities for new business and clients.
Dick and Fred discuss:
- Why RIAs should care about DC plans – what opportunities exist and more importantly the threats to their business if they ignore them.
- What RPA aggregators like Captrust are doing to build relationships with participants and capture rollovers more efficiently.
- The impact of state and potentially federal mandates on DC plans
- Can wealth advisors survive under a single vertical, or is it better to consider a second vertical in retirement to help grow your business.
Listen to the RPA Edge Podcast
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