Everything your growing RIA needs
Most of our clients know us for our transition expertise, our customized services and onsite training, but The RIA Works also offers four distinct service areas that can help you stay focused on what you do best as your business grows.
Transitions can be complicated, time consuming and full of unexpected obstacles. The RIA Works has helped hundreds of advisors transition their businesses to independence, partnered independence, mergers with other RIAs and a host of hybrid independent models. We work with the best resource partners in financial services and cover your entire business transition:
- Legal and Compliance
- Marketing / Branding
- Performance Reporting and Analysis
- Employee Health Plans and Human Resources
- IT/Computer Services
From the start in helping you define your business model, we perform detailed due diligence and assessment. We take charge of vendor selection based on your needs, workflows and operations, and we provide project management and onsite support.
Transitioning your business requires layers of essential administration, from asset mapping to protocol management, house-holding and client profiling. The RIA Works knows that keeping track of client loans, alternative investments, private equity and a host of other details is the difference between keeping your clients and losing them. We are expert at tracking every detail, so your business remains on solid ground and you continue to do what you do best: serving your clients.
On the week after your transition, you can’t just say, “I’m done” and go back to business as usual. You now have new responsibilities. Your business will require administration, marketing, strategy, insurance, human resources, accounting, IT, compliance and managing a host of resource partners such as your custodian, legal adviser and broker-dealer. Not to mention engaging in best practices and creating workflows.
The RIA Edge provides your business with ongoing support. Consider us your Chief Operations Officer (COO). We will handle your ongoing vendor reviews, staffing roles and responsibilities, human resources criteria, technology research, marketing updates, reviews and recommendations, and ongoing client issues that may require compliance or legal reviews.
On the client side of your business, we can help you develop your service model, segment your best clients, provide unique services and make clients feel appreciated.
Is your business big enough to hire a full-time COO, or should you try to do it all yourself? The RIA Works provides you with the perfect solution for right now.
Are you ready to take the next step with your business? Successful growth is as much an art as it is a business. We assist advisor teams in interviewing and evaluating possible additions to their team through acquisition and merger. We handle all the logistics and help advisors transition smoothly to your firm, while keeping them focused on business. We handle the administration, resignation letters, client communication, marketing, PR, asset mapping and office set-up.
It is essential that a new team acquisition doesn’t interfere with your current business operations because often it will, if you allow it. We help you welcome the new team with a minimal amount of disruption to your existing team, but provide the them with the tools for the needed boost to your overall business marketing.
We also can help you identify advisor businesses that are ready to transition to retirement, offering you the opportunity to bring their entire book of business onto your platform over time.
When you are ready to build a succession plan, we can help you evaluate your business and determine the best path to maximize your investment, all while helping you find potential buyers. We recommend you start early so that we have the time to work through all of the possible scenarios.
Our people have been working with RIAs for more than 15 years and have hundreds of contacts in the industry. We welcome you to call us for a free consultation.