This is episode #43 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....how do I run the business side of my own RIA?

Having your own RIA involves identifying and utilizing various solution providers to assist you in successfully running your practice.  These solution providers often include compliance consultants, technology vendors, marketing experts, TAMP solutions, etc.  In each such instance, these providers help by guiding you along a proven process for how to achieve the desired objectives they each individually help you solve for. Often overlooked is the important process of running the actual small business side of your own firm.  Hiring/mentoring employees, establishing policies and procedures, creating efficient workflows, etc are all key to running a successful RIA firm.  In today's episode we are joined by guest, Andrea Schlapia of Ironstone who is the expert on guiding RIAs on how to successfully navigate the business side of running their own firm.

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has nearly 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. On his website he has a large catalog of free videos, whitepapers, as well as other resources to help advisors fully understand the RIA model and how it would apply to their unique circumstances.

Website:  TransitionToRIA.com