An important role financial advisors perform for their clients is to help them avoid mistakes with their financial well-being.

Likewise, when advisors transition their practice to the RIA model, there are mistakes that should be avoided as well.

In the latest episode of my RIA question and answer series, I discuss five common mistakes to be aware of and to avoid:

Mistake #1 - You don’t obtain legal advice when breaking away.

Mistake #2 - You only consider one firm/model.

Mistake #3 - You don’t learn about the responsibilities of the RIA model.

Mistake #4 - You let the transition process take longer than necessary.

Mistake #5 - You don’t get independent advice.

Come take a listen!

Show notes: https://TransitionToRIA.com/mistakes-financial-advisors-make-when-transitioning-to-the-ria-model

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 (TransitionToRIA.com) 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.