Starting Your Own RIA Timeline
| Explore | Contact TD Ameritrade for help | 7-9 | 6 | 5 | 4 | 3 | 2 | 1 | - |
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| Choose your path | |||||||||
| Consider the benefits of independence | selected | ||||||||
| Understand the potential financial impact | selected | ||||||||
| Due Diligence | Contact TD Ameritrade for help | 7-9 | 6 | 5 | 4 | 3 | 2 | 1 | - |
|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| 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 | ||||||||
| Make A Move | Contact TD Ameritrade for help | 7-9 | 6 | 5 | 4 | 3 | 2 | 1 | - |
|---|---|---|---|---|---|---|---|---|---|
| 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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| 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 | ||||||||
Access to Affinity Services Program vendors is provided solely as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institutional. These services are offered at a discount directly through the participating vendors. Participating vendors are independent and are not employees or agents of TD Ameritrade. TD Ameritrade does not guarantee nor is it responsible for the quality or accuracy of any vendor's product or service. In no instance should the listing of a vendor be construed as a recommendation or endorsement by TD Ameritrade. Furthermore, TD Ameritrade does not recommend or endorse any security described by any vendor.
Examples provided are intended only as an estimated timeline. For illustrative purposes only. Results may vary. Brokerage services provided by TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2012 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.