Q147 - Can I Service HNW And UHNW Clients As An RIA?

Over the past decade, all the (now tired) excuses for why advisors shouldn't move to the RIA model have fallen.

To name a few:

• "The technology is not as good."
• "You won't have access to the same level of investment solutions."
• "Clients want the big brand name on the door."

Not only are these arguments no longer true, but the RIA model now generally provides a superior solution.

But what about servicing HNW and UHNW clients?

Can such clients be accommodated the same, or even better, in the RIA model?

In this episode (#147) of the Transition To RIA question & answer series, I explain how supporting such clients is not just possible, but generally more favorable in the RIA model.

Come take a listen!

P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.

Show notes: https://TransitionToRIA.com/can-i-service-high-net-worth-and-ultra-high-net-worth-clients-as-an-ria/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors between $50M and $1B understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.