Discussion Posts
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B/D - Independent RIA Model
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- on June 27, 2008 1:56 PM EDT
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Does anyone know a B/D that will let you run advisory fees through an independent RIA and not take a haircut from the fee?
Example:
Independent RIA Advisor charges a fee to a client for financial planning (fee goes to RIA - no haircut is taken by B/D)
Then Independent RIA Adivisor recommends invesment platform (Brinker, Lockwood, AssetMark, take your pick) charges an advisory fee (1% of assets) (Fee goes to RIA - no haircut is taken).
Then Independent RIA Advisor sells variable annuity to client & Variable Life Insurance (Product goes through B/D channel on normal grid).
Anyone know of a platform that will allow something like this?
Thanks
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- Re: B/D - Independent RIA Model
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I just read an article that LPL financial is doing this. Check them out!!!
Arturo Neto
Neto Financial Group
www.netofinancial.com
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- Re: B/D - Independent RIA Model
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Omnivest, Inc. in Denver Colorado - I am set up for that platform and do pay a modest quarterly fee to be set up that way.
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