An RIA advisor offers investment advice for a fee and is not paid on the sale or purchase of securities.

IBD's are similar to full-service broker dealers except that their advisors are not employees. Instead, they are independent contractors.

Advisory Based

Commission or advisory based

Possible tax benefits 1099 vs W-2 model

Possible tax benefits 1099 vs W-2 model

Some RIA’s willing to underwrite recruitment deals

Upfront transitional money

SEC regulated over $100M in assets

FINRA regulated

Full control to customize compliance, technology, marketing, social media

Must work with technology and platform provided by IBD

Able to access true and open architecture

Able to self/co-brand with review and approval

Leverage multiple institutional custodians

Offers many resources, compliance support, offers seamless solution for breakaway advisors • Less overwhelming and more familiar

Attracts more high net worth clients (not limited to IBD’s policies anymore)

Join a community of advisors