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RIA Bringing on advisors

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Jan 16, 2010 11:41 pm

A colleague a mine may want to join me in the few months under my RIA. Does anyone have experience with what is involved besides registering them with the states? How do you work out the payout structure? Expenses? What kind of support should a RIA have for their advisors if the RIA wanted to actively solicit services to advisors (besides marketing and compliance)?


Jan 17, 2010 2:08 am


dude, seriously, look about 4 posts down, just answered that.

short answer, payout depends on what you are providing to him, and how much in assets he is bringing over.

Is he soliciting clients for himself, or for "your firm"?

what expenses are you paying for him? office? office supplies? E&O.? phones, internet, etc.

Jan 17, 2010 4:03 am

Is he soliciting clients for himself, or for "your firm"?

How does that work if the advisors brings in clients for the RIA and the individual advisor doesn't "own" the relationship?   Is that more of a salary plus bonus set up and the advisor splits his time between serving the RIA's book and prospecting for the principal(s)?   Yes I'm ignorant to the business model, enlighten me...
Jan 19, 2010 5:37 pm

It is the same as when you work for UBS,ML, or any other big company. They own the client.

the bigger question is, is this someone who is just using you for your RIA and systems, or are you hiring this personto be building your company and brand. If the later, you are supporting more of their expenses, etc.

May 3, 2010 4:12 pm

So what happens if an advisor leaves a big company and wants to take "his" client base with him?

What does it involve, since the company owns the client?