|
1st post |
Post Reply 
|
| Author | |
Amp2RIA 
Greenhorns 
Joined: Jun/04/2016 Status: Offline Points: 10 |
 Post Options
 Thanks(0)
 Quote Reply
 Topic: 1st postPosted: Jun/04/2016 at 11:10pm |
|
First post here. Former member of a few advisor message boards 6-7 yrs ago but couldn't remember my logins. Been an advisor about 10.5 yrs, went RIA in the past year, best decision our team ever made. Hopefully I can stay a little more active this time....
Edited by Amp2RIA - Jun/08/2016 at 12:06am |
|
 |
|
|
RIArules
Platinum Member 
Trump Ball-Licker Joined: Mar/15/2010 Status: Offline Points: 49906 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/04/2016 at 11:37pm |
|
Well, it's probably a good thing you got out of Amp.
|
|
|
|
|
SometimesNowhere
Gold Member 
Joined: Mar/11/2010 Status: Offline Points: 13989 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/05/2016 at 4:00pm |
|
You'll never make it.
|
|
|
|
|
anonymous
Senior Member 
Joined: Oct/26/2010 Status: Offline Points: 3687 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/05/2016 at 4:05pm |
|
Welcome back, maksim!
|
|
|
|
|
FamilyGuy23
Greenhorns
Joined: Mar/22/2015 Status: Offline Points: 28 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/05/2016 at 5:24pm |
|
Welcome back.
Would you be able to share which RIA platform you chose and some feedback on those you evaluated? Did you go Hybrid route? |
|
|
|
|
Amp2RIA
Greenhorns
Joined: Jun/04/2016 Status: Offline Points: 10 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/08/2016 at 12:16am |
|
We chose Fidelity. I'm not one of the primary decision makers, simply a producer, so I wasn't too privy to a lot of the minutiae behind some of the cost differentials/features of one platform vs. the other. Fidelity offered solid name recognition & at the very least clients would likely associate Fidelity w/low fees. It made the initial client conversation much easier. They paid transfer fees for all accounts we moved, put a team of guys in the office for a few wks to process ppwk as it came in, etc. Not sure if thats standard for all moves but its what we got.
We did choose a B/D also, so I guess technically we're hybrid, but really its just somewhere to house our 529's & whatever old annuities we 1035 over. Going all wrap from here on out. Our b/d f***ing sucks, as there's more paperwork involved to open a $1,000 529 than there is to open a $1,000,000 irrevocable trust Fidelity wrap account.
|
|
|
|
|
PEACH_cm
Senior Member
Joined: Jan/16/2013 Status: Offline Points: 7204 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/08/2016 at 7:34am |
|
Did you get any transition money since you are not a decision maker?
|
|
|
|
|
Amp2RIA
Greenhorns
Joined: Jun/04/2016 Status: Offline Points: 10 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/08/2016 at 7:55pm |
|
No, none for me.
|
|
|
|
|
FamilyGuy23
Greenhorns
Joined: Mar/22/2015 Status: Offline Points: 28 |
Post Options
Thanks(0)
Quote Reply
Posted: Jun/10/2016 at 2:07am |
|
is it common to get funds from RIA custodian beyond the payment of the transaction charges to move accounts?
At what level of AUM or revenue does one get transition "Bonus"? Indy BD's appear to be paying 20-30% for about 500-600K production, but I am not familiar with RIA's. I just figured margins way to thin for that.
|
|
|
|
|
Post Reply
|
|
Tweet
|
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
Topic Options