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Should You Go RIA? With Chuck Failla

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Manage episode 523754607 series 2815497
Content provided by Elite Consulting Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Elite Consulting Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Together, they explore practical decision points advisors should consider:

• The real implications of the $100M AUM threshold and the trade-offs between state and SEC registration

• When it may make sense to stay with an independent broker-dealer - especially if more than 20% of your revenue is still commission-based

• Why some RIAs are now “breaking away again” and rolling into larger platforms or supported-independence models

• The emotional and operational realities of dropping a Series 7, and how that can change your flexibility with media, branding, and marketing

Chuck also opens up about Sovereign’s “three doors” approach - including “Sovereign as a Service” - and how advisors can use incubation-style models to learn the RIA world before fully standing up their own firm. Frank underscores a central theme: there’s no universally “right” answer, only informed vs. uninformed decisions.

Resources:

Chuck’s LinkedIn: www.linkedin.com/in/charlesfailla

Chuck’s Websites: www.sovereignadvisorsolutions.com | www.goria.com

Elite Consulting Partners | Financial Advisor Transitions: https://eliteconsultingpartners.com

Elite Marketing Concepts | Marketing Services for Financial Advisors: https://elitemarketingconcepts.com

Elite Advisor Successions | Advisor Mergers and Acquisitions: https://eliteadvisorsuccessions.com

JEDI Database Solutions | Data Intelligence for Advisors: https://jedidatabasesolutions.com

Listen to more Advisor Talk episodes: https://eliteconsultingpartners.com/podcasts/

Follow us on LinkedIn: https://linkedin.com/company/eliteconsultingpartners

  continue reading

313 episodes

Artwork
iconShare
 
Manage episode 523754607 series 2815497
Content provided by Elite Consulting Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Elite Consulting Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Together, they explore practical decision points advisors should consider:

• The real implications of the $100M AUM threshold and the trade-offs between state and SEC registration

• When it may make sense to stay with an independent broker-dealer - especially if more than 20% of your revenue is still commission-based

• Why some RIAs are now “breaking away again” and rolling into larger platforms or supported-independence models

• The emotional and operational realities of dropping a Series 7, and how that can change your flexibility with media, branding, and marketing

Chuck also opens up about Sovereign’s “three doors” approach - including “Sovereign as a Service” - and how advisors can use incubation-style models to learn the RIA world before fully standing up their own firm. Frank underscores a central theme: there’s no universally “right” answer, only informed vs. uninformed decisions.

Resources:

Chuck’s LinkedIn: www.linkedin.com/in/charlesfailla

Chuck’s Websites: www.sovereignadvisorsolutions.com | www.goria.com

Elite Consulting Partners | Financial Advisor Transitions: https://eliteconsultingpartners.com

Elite Marketing Concepts | Marketing Services for Financial Advisors: https://elitemarketingconcepts.com

Elite Advisor Successions | Advisor Mergers and Acquisitions: https://eliteadvisorsuccessions.com

JEDI Database Solutions | Data Intelligence for Advisors: https://jedidatabasesolutions.com

Listen to more Advisor Talk episodes: https://eliteconsultingpartners.com/podcasts/

Follow us on LinkedIn: https://linkedin.com/company/eliteconsultingpartners

  continue reading

313 episodes

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