What is the minimum AUM needed to have your own RIA?
Beware of anyone that gives you an immediate answer, with an immediate AUM figure to that question.
There are often bias or ulterior motives behind such quick declarations.
While the regulatory answer is $0 AUM needed to start an RIA, there are reasonable arguments to be made regarding at what AUM level it begins to make sense to do so.
But even then, what makes sense for one advisor, might not make sense for another.
On this episode (#143) of the Transition To RIA question & answer series I discuss the variables involved with what size your practice should be before considering starting your own RIA.
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/what-is-the-minimum-aum-needed-to-have-your-own-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.
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