When a new client comes to you for help managing their financial life, there are many steps involved. Some are more exciting for the client than others.

• Opening accounts.
• Pulling old statements.
• Filling out financial profiles.

Those are some of the important, though less glamorous steps.

• Talking through life goals.
• Travel plans in retirement.
• Ways to help family and important causes.

Those are the exciting steps!

But the latter can’t be achieved, without the former.

It is the same when transitioning your practice to the RIA model. There are necessary, those less glamorous steps involved.

However, there are exiting parts as well.

In this episode of the Transition To RIA question & answer series I explain what the exciting parts of a transition are.

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-most-exciting-part-about-starting-an-ria/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors 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.