Starting Your Own RIA

Investment portfolio

Have you been considering whether now is the right time to open a Registered Investment Advisor (“RIA”)? Navigating the complex regulatory requirements, making operational and technology decisions, and developing the financial analysis to know what the future holds may seem daunting.

There are people willing to help you make an informed decision.  We invite you to watch this recording of our webinar to help you understand.

 

What do I need to know before I start the process?

Oyster Consulting recently partnered with the Hirschler-Fleischer law firm to provide a webinar that answers many of the questions asked by those considering starting their own RIA.  Panelists from Oyster Consulting, Hirschler Fleischer, Charles Schwab, TD Ameritrade, CUNA Mutual Retirement Solutions, and Pershing Advisor Solutions offered insight on:

  • The business case for going independent
  • Technology platform considerations
  • Legal and compliance considerations

Following the discussion of key considerations, a panel of independent advisers answered questions about lessons learned and best practices they have employed.

To make your viewing experience easier, we’ve broken the webinar into four parts:

Making the Business Case for Starting Your Own RIA

Panelists:
Buddy Doyle
Oyster Consulting
buddy.doyle@oysterllc.com
804.965.5400

Starting Your Own RIA – Platform Advisors

Panelists:
Ray Adams
TD Ameritrade
raymond.adams@tdameritrade.com
804.364.2523

Kevin Gaston, CPFA, CRPS
CUNA Mutual Retirement Solutions
kevin.gaston@cunamutual.com
608.665.7814

Scott Coleman                                                            Kane Kennon
Charles Schwab & Co., Inc.                                             Pershing Advisor Solutions
scott.a.coleman@schwab.com                                       kkennon@pershing.com
703.506.2670                                                                    973.360.2583

Starting Your Own RIA – Compliance & Legal

 

Panelists:
Jim Van Horn
Hirschler Fleischer
jvanhorn@hf-law.com
804.771.9541

Polly Cordle                                                           Theresa Muller
Oyster Consulting                                                       Oyster Consulting
polly.cordle@oysterllc.com                                      theresa.muller@oysterllc.com
804.965.5400                                                             804.965.5400

 

Starting Your Own RIA –
Hearing From Those Who Have Gone Before

Panelists:
Celia Rafalko
Cary Street Partners
crafalko@carystreetpartners.com
804.340.8100

Gary Gore
ACIMA Private Wealth
garyg@acimapw.com
804.422.8450

 

How Can Oyster Help?

When thinking about transition, Oyster can assist you in many ways, from helping you evaluate the financial model of independence, versus your current environment, to creating an onboarding timeline and customized plan and helping you implement that plan.   Oyster will also file your RIA paperwork, set up your compliance infrastructure and can provide ongoing compliance support either as an outsourced CCO or supporting your internal CCO.  We can customize the level of support during this process to fit your needs and budget, and give you as little or as much help as required to ensure we are a value-added partner.

Leading up to and during transition we can assist with any of the following:

  • Financial Analysis
  • Project Planning and oversight
  • RIA filing, and development of compliance program, including ongoing support or outsourced CCO.
  • Guidance in setting up Office Administration and Operations processes (and evaluating where outsourcing is best)
  • Assistance with BD coordination and transition, if required
  • Evaluation of technology and assistance in setting up the technology ecosystem for your practice.

Ongoing Services:

Oyster Consulting has the experience and expertise to act as a resource or outsource for many of your firm’s needs.  We provide assistance to our clients in all aspects of running an RIA, including the initial registration with the SEC and various states.  Oyster will assess your firm’s current structure, technology, activities, and compliance program and recommend practical solutions to improve your control environment as well as your bottom line.

Oyster Consulting can also provide the following services:

Our team is made up of experienced industry practitioners, not career consultants. To learn more about Oyster’s services, call us at (804) 965-5400 and one of our Relationship Managers will be happy to help you.

Please complete the form below to download more information on starting your own RIA, including:

  • A recording of our video on Making the Business Case for Starting Your Own RIA
  • A recording of our panel discussion on Starting Your Own RIA – Platform Advisors
  • A recording of our panel discussion on Starting Your Own RIA – Compliance & Legal
  • A recording of our panel discussion on Starting Your Own RIA – Those Who Have Gone Before
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