Reducing compliance risk is a top priority for any Registered Investment Adviser (RIA). As the regulatory landscape becomes more stringent, it’s critical to establish robust operational movements that not only meet these requirements but also provide a structured framework to navigate the complexities of the industry. In today’s entry, I’ll look at some key operational strategies that could help you mitigate compliance risk and prepare you for the inevitable audits you will face.

Improving your Registered Investment Adviser’s (RIA’s) profitability requires a strategic approach that extends well beyond investment strategies. In fact, one often overlooked avenue lies in the realm of governing documents. Although they might not be sexy, these seemingly mundane documents hold the potential to transform your RIA’s profitability, shape its culture, and even influence your 8-figure exit strategy. In this entry, I’m going to explore how harnessing the power of policies and procedures could steer your RIA toward success.

One of the biggest challenges when it comes to exit planning is making sure your business won’t fall apart once you’re no longer leading it. Having a powerful, scalable organizational chart in place is one of the many ways that you can help prepare your team for an exit. Yet, one type of org chart that has gained popularity in recent years may not help you reach your goal. In today’s entry, I’m going to look at why the flat org chart might not work for the eight-figure exit.

As you work toward the eight-figure exit, you’ll need to track and monitor your progress along the way. Without a system to track your RIA’s progress, you might as well be playing Pin the Tail on the Donkey. Unless you’re actively monitoring your firm’s performance toward your objectives, you’re really only hoping you reach your goals. In today’s entry, I want to explore some of the KPIs to track in your organization so you can be confident you’re moving in the right direction.

Building a successful Registered Investment Advisor (RIA) requires careful planning and a dedicated team. Having grown multiple businesses that I sold for profit, I understand how important it is to have the right people on board. In my previous entry, I began looking at how to grow your team through the eight-figure exit. I’d like to go a little deeper in this discussion. So, join me as I look at building a committed team for your eight-figure exit!

In my last blog entry, I went over the importance of effective change management. Specifically, I discussed managing team expectations during a time of transition. But I feel that we’ve only begun to scratch the surface of that subject. As you enter into a transitionary period, it can be very easy to lose momentum. In many cases, this could cripple the ability to achieve your desired outcome. So, in today’s post, I want to look at some ways of growing your team… even in the midst of change.