Hybrid Ria Broker Dealers

One of the most common hybrid advisor setups is for an advisor to affiliate with an independent broker dealer and then establish a separate non affiliated ria firm that is fully owned and controlled by the individual advisor.

Hybrid ria broker dealers.

The broker dealers are really pivoting gallant says. A hybrid is a series 7 and has his own ria registered with the sec or state. All financial advisors fall into one of two broad categories. From compliance procedures to regulatory examination support we ll support you.

7 semi captive dually registered. You are in the market for an independent financial planner or financial advisor who does not work for a. If you manage your own independent ria and have more than 100 million in assets under advisement give us a call. The new ria will feel more like a real ria and less like a broker dealer trying to be an ria.

Lpl will keep its hybrid solution in place with its current corporate ria and will create another ria for the new effort winn predicts. The basics are simple. You re an investor who wants to avoid the wirehouses. Rias are registered with the securities and exchange commission sec or their state securities regulator depending on their size.

Hybrid rias benefit from a deeply integrated experience with a single platform to manage their clients accounts and a single service team across their business. A hybrid ria maintains an affiliation with both a broker dealer and a registered investment advisory firm. As an independent registered investment advisor ria you have the opportunity to keep your commission based business. Most broker dealers will also charge or pass through fees for technology e o insurance finra and state registrations among other fees that are in addition to the payout.

Series 65 is also known as an investment advisor representative and leverages the broker dealers corporate ria. For example a broker dealer may charge an additional fee to monitor an advisor s independent ria. We can discuss the idea of keeping your ria intact while gaining the top notch support of our boutique broker dealer. A hybrid ria is registered as both an ria and a broker dealer.

You start or join an ria firm and become an independent contractor of an ibd. Rias are fiduciaries while broker dealers aren t. Broker dealers may also specialize or seek to add value in different ways. The integration pulls through for their clients too with one consolidated statement for both advisory and brokerage accounts providing a uniquely streamlined experience.

This dual registration allows financial professionals to operate both a fee and a commission based practice.