What are the most challenging aspects of starting an independent RIA?
Jennifer Connelly, JC Public Relations Newer advisors generally tell us that the most challenging aspect of launching an independent RIA is moving client accounts over to their new custodian. But a growing number of firms, such as Pershing, have hands-on, in-office consulting and turnkey programs (including form letters that can be customized) for advisors to make this transition fairly seamless. Some firms, like Pershing, even have a team dedicated solely to transition, to ensure that nothing is left to chance and that nothing falls between the cracks. As a public relations firm, we also help new advisors tackle another challenge: Getting word out about their firm to the media, which can pave the way for an advisor in their marketplace.
