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Join The WealthPlan team as we explore topics around investments, practice management, advisor technology, and more.

Why do advisors choose the RIA model?

Why do some advisors choose to work as an employee for Northwestern Mutual their whole life, some advisors choose to open and build their own registered investment advisory firm, and still others spend their careers working at an RIA instead of owning one? There’s no one right way for every advisor to create their career,…

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5 Ways to Improve Your Advisory Firm with Business Management Processes

Why does your firm buy new technology?  It could be for a whole list of different reasons, right?  You might add a new client portal because you want to enhance your digital client experience, and making sure you have an easily accessible online portal is a great place to start. You might purchase trading and…

How to Make the Most of Your Advisor Tech

How many pieces of technology does your advisory firm use to help run your day-today workload?  If you’re like most firms you likely have a CRM or financial planning application to help you manage work for clients. You may also have a portfolio management platform for client reporting and trade order management.  But that’s just…

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Delivering A Modern Client Experience

The sum of everything we need to do in the world today is at our fingertips. Need to get somewhere? Call a car from an app. Want to buy groceries? Throw everything in a virtual cart and never leave your couch. Need a prescription from a doctor for a cold that won’t go away? Don’t…

The One Piece of Tech Every RIA Needs—But Isn’t Using

Technology advice for RIAs is everywhere, but most of it is wrong. As the Head of Internal Sales for Orion Advisor Solutions for almost 4 years, I helped hundreds of advisory firms build out their tech stacks and I can confidently say that most advisors begin the process with good intentions but the wrong focus.…

Common Exit Options for Retiring RIAs

Why did you start your RIA? Pretty much every advisor has an answer ready for that question. You may share your value proposition, mission or vision statement to give an idea of your firm’s why.  Here’s a question that gets far less consideration: Why are you selling your RIA? Of course, there’s the obvious answer:…

3 Signs It’s Time for You to Retire from Your RIA

As a Registered Investment Advisor, you are part of an elite group of professionals who have a real passion for your job and a deep understanding of what goes into running a successful business. Chances are you left the wirehouse so you could have a more direct and transparent relationship with your clients and have…

Client Handoffs During an Acquisition: 4 Tips to Do It Right

When you’re ready to sell your firm, you are probably most excited about your next chapter, but also wondering how the transition will go after you leave. You’ve dedicated your life to building your firm into what it is today, and you want to see it continue to be successful—and you want to make sure…