The advantages of owning your own RIA:
- As a hybrid advisor with your own RIA, you have the opportunity to establish your own brand and identity. By promoting your own brand you may be able to create a more valuable overall practice that may ultimately be worth more upon sale.
- Whether your client's needs demand a commission-based or a fee-based approach, hybrid advisors can objectively deliver the services and solutions that are most appropriate based on each client’s unique situation.
- Hybrid advisors can deliver a more complete lineup of solutions than fee-only advisors. As a result, hybrid advisors have the potential to maintain overall higher production.
- For some account types, brokerage offerings are more flexible and cost-effective for the client than fee accounts. (smaller accounts, UTMAs)
- For advisors who are interested in recruiting, a Hybrid RIA model can maximize the attractiveness of your business for breakaway brokers who want the flexibility of an RIA, but want to maintain their book of commission business.
Requirements: $300k annual brokerage commissions, $50 million in total advisory assets
E.K. Riley is proud to offer a hybrid RIA model for our advisors. With the continued industry shift toward comprehensive wealth management, being a hybrid advisor may give you the benefits of both worlds: an open architecture RIA platform for asset management and financial planning, combined with a comprehensive broker-dealer platform for commission-based securities & insurance. With your own registered investment advisory firm, you can choose from a number of third-party custodians to find the advisory products to best fit your clients. Building your own RIA will give you the independence, freedom, and flexibility to offer a larger range of products to best fit your clients' needs.
At E.K. Riley, we believe that you should be free to run your practice the best way you know how. By utilizing a Hybrid approach, advisors are able to deliver a broader range of solutions which can help to strengthen client relationships, build scale and ultimately drive revenue. Your brand, your flexibility, our support.
The best part? E.K.Riley takes no override on your RIA business.
Build your own Hybrid RIA Practice
Get the best
of both worlds