Greenhorn Introductions

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Printed From: Advisorheads
Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=13628
Printed Date: Mar/26/2026 at 8:44pm
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Topic: 1st post

Posted By: Amp2RIA
Subject: 1st post
Date Posted: 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....

Replies:

Posted By: RIArules
Date Posted: Jun/04/2016 at 11:37pm

Well, it's probably a good thing you got out of Amp.

Posted By: SometimesNowhere
Date Posted: Jun/05/2016 at 4:00pm

You'll never make it.

Posted By: anonymous
Date Posted: Jun/05/2016 at 4:05pm

Welcome back, maksim!

Posted By: FamilyGuy23
Date 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?

Posted By: Amp2RIA
Date 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.

Posted By: PEACH_cm
Date Posted: Jun/08/2016 at 7:34am

Did you get any transition money since you are not a decision maker?

Posted By: Amp2RIA
Date Posted: Jun/08/2016 at 7:55pm

No, none for me.

Posted By: FamilyGuy23
Date 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.