According to Risk Paradigm Group (RPg) CEO Dave Gatti, "An advisor or team that tucks-in to RPg will immediately benefit from our state-of-the-art platform, but still has room to customize their technology needs without disrupting their business."
For advisors or teams considering independence, the most important element of a successful tuck-in is a good cultural fit with the existing established firm. A tuck-in brings to mind the old Wall Street partnerships where partners stuck together through thick or thin. You want to ensure that you are comfortable and that there is full trust on both sides.
To those considering becoming a tuck-in, the first step is to get educated about the process of going independent. (Link to FAQ article)
Other resources to leverage are your local business development officers at custodians or an expert executive search firm that has deep experience in RIA market. Dynasty works with advisors to make introductions to these resource partners or answer questions advisors have about finding or becoming a tuck-in advisor.
Are you considering the move to independence? Curious or just have general questions? Let me know at shirlpenney@dynastyfinancialpartners.com and I'll address those in future articles.
