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RIA rising: The opportunities for elite teams

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A121389
Submitted by lina.zuluaga on Mon, 11/12/2018 - 13:12

The Rise of the RIA and you

The opportunity is ripe for advisors. 

I get asked a lot what’s in it for the investor, the advisor client, of going independent. It seems like there’s a ton of benefit for the advisor, but what’s in it for the client? 

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John Furey, Principal & Founder, Advisor Growth Strategies, LLC

The platforms in the independent world are more open from an investment perspective, which is a net client benefit, so the advisor can act as a true fiduciary and be unlocked from conflicts that may exist in large institutions.    

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So the advisor can act as a true fiduciary….

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Brian Hamburger, President & CEO, MarketCounsel
     
This, actually, isn’t just about replicating what I previously had.  This is about creating something better… 
 
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This is about creating something better…
This is about creating something that’s completely aligned with our values. 

… something that’s completely aligned with our values, and something that really is fulfilling our clients’ expectations of us.

The road to independence is incredibly well-worn.

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Shirl Penny, President and CEO of Dynasty Financial Partners

The average RIA on our platform right now is a little north of 600 million in assets.  The average underlying client is about 5 million. 

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Roughly 1/3 of advisors saying that they’re looking to retire over the next 10 years…

With a third, roughly a third of advisors saying that they’re looking to retire over the next 10 years, there’s a massive consolidation and acquisition inorganic growth opportunity for those very well-run, well-capitalized RIAs that are out there.  
    
The RIA space allows for so much creativity, infinite amounts of creativity around how they deliver services. 

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Tim Oden, Senior Managing Director, Schwab Advisor Services

They can respond to those changes faster, with more flexibility, to meet client demand.

Don’t let the fear paralyze you from moving to the place that’s going to be better for you and your clients. 

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Don’t let the fear paralyze you from moving to the place that’s going to be better for you and your clients.
        
If you’ve done a great job as a financial advisor you should feel really, really confident that your clients will go with you. 

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You should feel really really confident that your clients will go with you.

We do an after-action review and I ask them, ‘If you knew then what you knew now what would you do differently?’ And more than 9 out of 10 times the answer is the same that, ‘I wish I would have done this sooner.’

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Information as of November 16, 2017.

Information included during this video is intended to be an overview and is subject to change.

Experiences expressed by advisors may not be representative of the experience of other advisors and are not a guarantee of future success.

Schwab does not supervise third-party firms and takes no responsibility to monitor the services they provide to you. Experiences expressed are no guarantee of future performance or success and may not be representative of your experience.

Schwab does not provide legal, regulatory or compliance advice. Consult professionals in these fields to address your specific circumstance.

Schwab Advisor ServicesTM serves independent investment advisors and includes the custody, trading, and support services of Schwab.

Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

©2018 Charles Schwab & Co., Inc. (“Schwab”). All rights reserved. Member SIPC. (0718-8HNR)

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