Starting Your Own RIA Timeline
| Explore | Contact TD Ameritrade for help | 6 | 5 | 4 | 3 | 2 | 1 | 0 | - |
|---|---|---|---|---|---|---|---|---|---|
| Choose your path | |||||||||
| Consider the benefits of independence | selected | ||||||||
| Understand choices for commission-based business | selected | ||||||||
| Understand the potential financial impact | selected | ||||||||
| Structure and Set Up Your Business | Contact TD Ameritrade for help | 6 | 5 | 4 | 3 | 2 | 1 | 0 | - |
|---|---|---|---|---|---|---|---|---|---|
| Define your business Tooltip
George determines to keep his commission business. His Transition Consultant suggests that a hybrid model may be right for him. |
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| Select your advisory model and choose a business structure | selected | ||||||||
| Evaluate broker dealers for commission-based business if going hybrid | selected | ||||||||
| Legal and Compliance Tooltip
Through in depth conversations, George's Transition Consultant determines a hot button - compliance. George sends clients a monthly newsletter and turnaround time is an issue. |
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| Consult legal counsel regarding your current contract and other legal concerns | selected | ||||||||
| Finance | |||||||||
| Estimate your start-up costs | selected | ||||||||
| Determine client impact | selected | ||||||||
| Transition Your Clients | Contact TD Ameritrade for help | 6 | 5 | 4 | 3 | 2 | 1 | 0 | - |
|---|---|---|---|---|---|---|---|---|---|
| Initiate your business plan | |||||||||
| Choose a custodian and finalize your business plan | Tooltip
After speaking with other advisors who recently made a move and meeting with Senior TD Ameritrade leadership, George officially chooses TD Ameritrade Institutional as his custodian. |
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| Select a broker dealer if going hybrid | selected | ||||||||
| Create marketing plan and collateral business cards, capabilities brochure, website | selected | ||||||||
| Prepare press release | selected | ||||||||
| Technology Tooltip
George views a Veo® demo and chooses a portfolio management system that works seamlessly with Veo. |
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| Evaluate vendors for your technology needs; CRM, Portfolio Management, Reporting, Email, etc | selected | ||||||||
| Select technology systems and applications | selected | ||||||||
| Implement Technology | selected | ||||||||
| Infrastructure | |||||||||
| Set up office | selected | ||||||||
| Account TransitionTooltip
George's Transition Consultants introduce him to the Business Transition Services Team to discuss the transition and fund mapping process. |
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| Understand and prepare for the transfer of your accounts | selected | ||||||||
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