Tag: Broker-Dealer
Our Firm’s Evolution: From Broker-Dealer to RIA (Ep. 79)

Our Firm’s Evolution: From Broker-Dealer to RIA (Ep. 79)

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Many believe that the broker-dealer channel and the Registered Investment Advisor (RIA) space are the same, but this couldn’t be further from the truth. 

The real difference lies in their core focus — while one is geared toward sales, the other is deeply rooted in advice, impacting your investment journey vastly.

Brent Mekosh walks you through their strategic move from the broker-dealer world to becoming a Registered Investment Advisor (RIA) in this week’s episode of Smart. Money. Simplified.

Listen in and discover the challenges, insights, and unexpected benefits of making such a significant shift in the financial advisory landscape, directly from someone who’s navigated the complexities firsthand.

Brent discusses:

  • His transition from being a broker-dealer to a Registered Investment Advisor (RIA) and what is the reasoning behind it
  • The value of merging teams for growth and expanded capabilities
  • How do alternative investments diversify a portfolio beyond traditional stocks and bonds
  • How his clients reacted to this business change
  • The crucial aspects of client communication during these transition times
  • And more!

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Exploring the RIA Space with Nate Lenz (Ep. 77)

Exploring the RIA Space with Nate Lenz (Ep. 77)

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Many believe that the transition from a broker-dealer to a Registered Investment Advisor (RIA) space is deeply complex and risky, possibly jeopardizing client relationships. 

However, this move can actually open up a world of opportunities for personalized client service, technology advancement, and business model autonomy,

This week, Brent Mekosh is joined by Nate Lenz, the CEO of Concurrent, to explore the significant advantages this change can bring to your financial planning. 

Brent and Nate delve into the intricate world of financial advising, particularly focusing on the transition from broker-dealer models to the RIA framework.

Episode talking points include:

  • The fundamental differences between broker-dealer models and the RIA setup
  • The enhanced opportunities for personalized financial planning and investment options in the RIA space
  • The role of technology in revolutionizing client service and operational efficiency
  • Strategies for business succession and growth in the evolving landscape of financial advisement
  • And more!

Resources:

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About Our Guest:

With over a decade of experience in the financial industry, Nate Lenz is a prominent figure for advisors seeking to unlock their potential as entrepreneurs. Currently serving as the CEO and Co-Founder of Concurrent, an OSJ turned RIA valued at $7 billion, the company was honored as an InvestmentNews Best Place to Work in 2023. Nate and his team are dedicated to collaborating with advisors to facilitate the growth of their independent enterprises.

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