3 Resources for Financial Advisors Looking to Start an RIA
Share this
Making the decision to go independent and launch an RIA on your own can be scary, but the good news is you’re not alone as you begin the journey toward independence.
We rounded up some of XYPN's best resources for advisors who want to launch their own financial planning firms. From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success.
Watch:
Expert Roundtable: Tackling Compliance When Transitioning to an RIA
Transitioning to an RIA can be overwhelming, and nothing can be more frustrating and confusing than compliance! Never fear—we assembled a panel of compliance experts, members who have been there and done that, AND a real-life securities attorney for this exclusive Expert Roundtable event. In 90 action-packed minutes, these experts share all of the details and knowledge you need to tackle the ins and outs of compliance and step into your role as the kicka$$ CCO your firm needs.
What you’ll get from this Expert Roundtable event:
-
Expert advice from XYPN’s Compliance Team on eliminating trails, navigating non-competes, and what to expect for paperwork
-
Stories from XYPN members who have transitioned from a broker/dealer, wirehouse, and insurance environments
-
A deep understanding of compliance from a legal perspective as you hear from expert Securities Attorney Chris Stanley
Read:
Your Firm, Your Terms: How to Start an RIA
Wondering what to expect when starting your own Registered Investment Advisor (RIA) firm? Written from the vantage point of those who’ve been to the other side of the mountain, this ultimate guide to starting an RIA has been drafted in the blood, sweat, and triumphant tears of those who’ve not only been there, done that—but done it profitably.
Starting your own firm is extremely exciting. After working within the strict confines of existing rules and regulations—many of which seem outdated and impractical—there is nothing more freeing than going into business for yourself. It can also be stressful, but this step-by-step guide covers all the bases so you can confidently navigate from where you are to where you want to be.
Listen:
XYPN RADIO EPisode #329: What the First Six Months of Running a Firm are Really Like
In this episode of XYPN Radio, you'll hear from XYPN members Chao Zhang, CFP®, CFA®, and Stefanie Pickard, MS, CFP®, EA, both within their first six months of launching their firm. It offers a unique peek into their experiences as they try to get their firms off the ground.
This podcast is fun—and brutally honest. The conversation is transparent about imposter syndrome and how they wished they had done things differently. We talk about how many hours they really spend working on their firms, and what has slowed them down. Both Stefanie and Chao approach their firms with different perspectives and have different goals for themselves, but they also share so many commonalities about how they feel about launching their firms and what it’s done for them personally.
If you’re interested in what the first six months are really like, this episode is for you.
Share this
- Advisor Posts (420)
- Fee-only advisor (364)
- Advice (302)
- Blog (297)
- Independent Financial Advisor (191)
- Fee-for-service Financial Planning (133)
- Business Development (125)
- Running a Firm (107)
- Marketing (94)
- What Would Arlene Say (WWAS) (81)
- Practice Management (77)
- Training (76)
- Firm Ownership (74)
- Executive Coaching (70)
- Business (69)
- Business Coach (68)
- Building a Firm (64)
- Compliance (63)
- Financial Planning Firm (63)
- Growing Your Firm (61)
- Financial Advisors (56)
- XYPN LIVE (53)
- RIA Marketing (50)
- From XYPN Members (47)
- RIA Compliance (47)
- Starting a Firm (47)
- Technology (44)
- Fee-only Financial Planning (39)
- Advisors (38)
- Entrepreneurship (38)
- Marketing Your Firm (38)
- Prospecting (36)
- Conference (35)
- XY Tax Solutions (XYTS) (34)
- Tax Planning (32)
- Interviews and Case Studies (31)
- Investment Management (31)
- Marketing Strategy (30)
- Growing Business (29)
- Launching a firm (28)
- XY Investment Solutions (XYIS) (27)
- Tax Preparation (26)
- Business Owner (25)
- Business Strategy (25)
- Managing a Firm (24)
- Team Building (23)
- Marketing Funnel (22)
- Diversity (21)
- Annual Conference (20)
- Getting Clients (20)
- Sales (20)
- Small Business Owner (20)
- Social Media (20)
- Financial Planning Conference (19)
- Marketing Resources (18)
- Business Model (17)
- Chief Compliance Officer (COO) (17)
- Client Relationships (17)
- Content Marketing (17)
- Financial Planners (17)
- From XYIS (17)
- Hiring (16)
- Independent Financial Planner (16)
- Niche Marketing (16)
- Setting Goals (16)
- Tax Savings (16)
- Website Development (16)
- XYPN News (16)
- Business Vision (15)
- Sales Process (15)
- Business Growth (14)
- Email Marketing (14)
- Financial Advice (14)
- Networking (14)
- Media (13)
- Press Mentions (13)
- RIA (13)
- Tax (13)
- Advertising (12)
- Goals (12)
- XYPN (12)
- Assets Under Management (AUM) (11)
- First Year (11)
- Investing (11)
- Next Generation Financial Planning (11)
- Niche (11)
- RIA Owner (11)
- Sales Pipeline (11)
- Current Events (10)
- Filing Taxes (10)
- Financial Coaching (10)
- Taxes (10)
- Year-End Tax Planning (10)
- Advisor Success (9)
- Client Management (9)
- Fintech (9)
- Inbound Marketing (9)
- Communication (8)
- How to be a Financial Advisor (8)
- SEC (8)
- Study Group (8)
- Time Management (8)
- Branding (7)
- Digital Content (7)
- Financial Planning Fees (7)
- Financial Planning Process (7)
- Lessons (7)
- Mental Health (7)
- Pricing Models (7)
- RIA Registration (7)
- Virtual Advisor (7)
- XYPN Membership (7)
- Business Plan (6)
- From Our Advisors (6)
- Mentorship (6)
- Motivation (6)
- Risk and Investing (6)
- Tax Season (6)
- Abundance Mentality (5)
- Advisor Website (5)
- Automation (5)
- Behavioral Finance (5)
- Client Experience (5)
- Client Service Model (5)
- Clients (5)
- Connection (5)
- Filing Status (5)
- Financial Planning (5)
- Growth (5)
- Inclusion (5)
- Investment Planner (5)
- Marketing Plan (5)
- Michael Kitces (5)
- Outsourced Tax Services (5)
- Processes (5)
- Racism (5)
- Real Financial Planning (5)
- Retirement (5)
- S Corpration (5)
- TAMP (5)
- Tax Return (5)
- Transitioning Advisor (5)
- Wealth (5)
- Bear Market (4)
- Broker-Dealers (4)
- CFP Certification (4)
- College Planning (4)
- Continuing Education (4)
- Independent RIA (4)
- Lead nurturing (4)
- Marketing Coaching (4)
- Money Management (4)
- Online Marketing (4)
- Outsourcing (4)
- Professional Development (4)
- Scaling Firms (4)
- Search Engine Optimization (SEO) (4)
- Selling a Firm (4)
- Small Business (4)
- Succession Plans (4)
- Support System (4)
- Tax Forms (4)
- Transitioning Clients (4)
- Virtual Meetings & Events (4)
- XYPN Radio (4)
- Year-End (4)
- AdvisorTech Expo (3)
- Annual Review Process (3)
- Budgeting (3)
- Client Avatars (3)
- Community (3)
- Company Culture (3)
- ESG Investing (3)
- Emotional Decisions (3)
- Engagement (3)
- Fiduciary (3)
- Financial Life Planning (3)
- Getting Leads (3)
- Google Analytics (3)
- How to be a Successful Entrepreneur (3)
- IRA (3)
- Industry Trends (3)
- Initial Sales Call (3)
- Life planning (3)
- Lifestyle practice (3)
- Market Volatility (3)
- Monthly Retainer Model (3)
- Paid Marketing (3)
- Partnership (3)
- Pricing (3)
- RIA Audit (3)
- Recordkeeping (3)
- Risk Assessment (3)
- Scaling Up (3)
- Staying Relevant (3)
- Tax Extension (3)
- Tax Firm (3)
- Tech Stack (3)
- Unhappy Clients (3)
- Value Proposition (3)
- Wellness (3)
- Work Life Balance (3)
- Workplace Issues (3)
- Advice-Only Planning (2)
- Benchmarking Study (2)
- Certified Public Accountant (CPA) (2)
- Changemaker (2)
- Charity (2)
- Coaching (2)
- Community Property (2)
- Conflict Management (2)
- Design (2)
- Differentiation (2)
- Employee Benefits (2)
- Entrepreneurial Operating System (EOS) (2)
- Exchange-Traded Funds (ETF) (2)
- FINRA (2)
- Feminism (2)
- Finding Your Why (2)
- George Kinder (2)
- Graphic design (2)
- Growing Income (2)
- Health Care (2)
- Ideal Clients (2)
- Inflation (2)
- Investment Adviser Representative (IAR) (2)
- Key performance indicator (KPI) (2)
- Keynote (2)
- Learning (2)
- Local Meet-ups (2)
- Market Downturn (2)
- Mastermind Group (2)
- Membership (2)
- Monthly Subscription Model (2)
- Negative Rates (2)
- Organization (2)
- Outsourced Asset Management (2)
- Personality Types (2)
- Portfolio Management (2)
- Productivity (2)
- Psychology (2)
- Recommended Reading (2)
- Registered Representative (2)
- Registration (2)
- Restricted Stock Units (RSU) (2)
- Scott Snider (2)
- Solo Advisor (2)
- Start Ups (2)
- State Registration (2)
- Stock Options (2)
- Target Market (2)
- Tax Refund (2)
- Team Communication (2)
- Value of Financial Planning (2)
- Video Production (2)
- Virtual Assistant (2)
- Virtual Paraplanner (2)
- Yields (2)
- Accounting (1)
- Advisory Board (1)
- Analogies (1)
- Anti-harassment (1)
- Arlene Moss (1)
- Assistant (1)
- Behavior Gap (1)
- Bonds (1)
- Books and Records (1)
- Broker Protocol (1)
- Broker Recruiting (1)
- Bull Market (1)
- Buying a Firm (1)
- Career Changers (1)
- Careers (1)
- Carl Richards (1)
- Carolyn Dalle-Molle (1)
- Cassandra Worthy (1)
- Charitable Donations (1)
- Charitable Giving (1)
- Childcare (1)
- Compassion (1)
- Consulting (1)
- Consumerism (1)
- Continuity Plan (1)
- Creatives (1)
- Credit (1)
- Cryptocurrency (1)
- Custodians (1)
- Custody Rule (1)
- Dan Sullivan (1)
- Definitions (1)
- Designations (1)
- Direct Indexing (1)
- Disasters (1)
- Dr. Sean Stephenson (1)
- Earn More (1)
- Education (1)
- Elizabeth Dunn (1)
- Enrolled Agent (EA) (1)
- Entity Election (1)
- Entrepreneur Myth (1)
- Equity (1)
- Event Planning (1)
- Events (1)
- Family (1)
- Fee-Based Financial Planning (1)
- Fidelity (1)
- FinTech Winner (1)
- Finance (1)
- Financial Freedom (1)
- Financial Goals (1)
- Financial Life Management (1)
- Financial Planning Platform (1)
- Financial Preparedness (1)
- Financial Wellness (1)
- Form 8606 (1)
- Form 8915-E (1)
- Form ADV (1)
- Gen X (1)
- Gen Y (1)
- Google Search Ads (1)
- Graduates (1)
- Grief (1)
- Guide (1)
- How I Did It series (1)
- How to Budget (1)
- Human Resources (HR) (1)
- Impact Investing (1)
- Impostor Syndrome (1)
- International financial planning (1)
- Interns (1)
- Introverts (1)
- Investor Policy Statement (IPS) (1)
- Job burnout (1)
- Job description (1)
- Job posting (1)
- LLC (1)
- Lead conversion (1)
- Lending (1)
- Liquidating your business (1)
- Loans (1)
- Members (1)
- Merging Practices (1)
- Michael Gerber (1)
- Miguel Gomez (1)
- Millennials (1)
- Mission (1)
- Moira Somers (1)
- Moving Forward (1)
- New Planner Recruiting (1)
- NextGen (1)
- NextGen Clients (1)
- Online Courses (1)
- Orion (1)
- Part Time (1)
- Paying Yourself (1)
- Paystub (1)
- Perfectionism (1)
- Professionals (1)
- Project Management (1)
- Projecting Returns (1)
- Purpose (1)
- Quarterly Estimated Payments (1)
- ROI (1)
- Recession (1)
- Recruiting (1)
- Referrals (1)
- Regulators (1)
- Reinvention (1)
- Relationships (1)
- Remote (1)
- Required Minimum Distributions (RMD) (1)
- Retreats (1)
- Risk Management (1)
- Roth Conversations (1)
- Roth IRA (1)
- SEC Regulation S-P (1)
- Sabbatical (1)
- Saying No (1)
- Scaling (1)
- Schedule Management (1)
- Schwab (1)
- Sean Stephenson (1)
- Sequence Risk (1)
- Slow Season (1)
- Socially Responsible Investing (SRI) (1)
- Spending (1)
- Stop Saying Should (1)
- Strategy (1)
- Supervisory Procedures (1)
- Supporting Clients (1)
- Systems (1)
- Target Audience (1)
- Teamwork (1)
- Terms (1)
- Tim Maurer (1)
- To-Do List (1)
- Total Return Approach (1)
- Traditional IRA (1)
- Transitions (1)
- Virtual (1)
- Vulnerability (1)
- WRAP Programs (1)
- Women (1)
- XY Learning Center (XYLC) (1)
Subscribe by email
You May Also Like
These Related Stories

How to Leave a Salary Behind to Launch an RIA of Your Own

Launching Your Own RIA: What Transitioning Advisors Should Know
