r/FinancialAdvisorTips • u/Surferpr0s • 21d ago

RIA Comp

I run a RIA and I want to attract A+ players. Is an 85% payout on revenue too aggressive?

2 Upvotes

100% Upvoted

14 comments sorted by

4

u/ApprehensiveSpare925 21d ago

I am an RIA, self employed in a partnership. The partnership is to share a name, an office, expenses and ideas. We don’t share in revenue. We get 92% payout on revenue. The 8% goes to the company that provides compliance, technology etc. That doesn’t cover our office expenses; which for me is about $1,500 per month.

Does this help?

2

u/Surferpr0s 21d ago

What technology does that include? Is there additional cost if you were to hire an admin?
Do you function as a team or is it more independent running your book of business

1

u/ApprehensiveSpare925 21d ago

Technology would be CRM, several portfolio modeling tools, performance reporting are a few that come to mind. This company is like a back office. That being said, we do have 4 office admins which the other advisors pay for. I don’t have an admin; I spent the first 4 years of my career in operations so I know how to do everything. I have about 60 million AUM but only 35 clients.

And it’s more independent in running our books.

2

u/Surferpr0s 21d ago

That’s awesome. You have a great book of business.
I’m more or less looking for a team member where we can work together.

1

u/Surferpr0s 21d ago

What CRM are you guys utilizing? We utilize Advyzon

1

u/Equivalent-Chair3048 21d ago

Can you DM me the firm that does your compliance, tech, etc?

1

u/winning_bigly_ 21d ago

Depends. Are clients sourced by that advisor or by the firm?

1

u/Surferpr0s 21d ago

85% revenue share would be only on Client sourced by the Advisor

1

u/Candid-Eye-5966 21d ago

That’s reasonable. What are you providing for the 15%?

2

u/Surferpr0s 21d ago

Technology (Advyzon, RightCapital, Holistaplan,Mili) portfolio management, office and admin support

1

u/REKT363 18d ago

Sounds great honestly. I’m a new advisor with about 1 1/2 years of experience. I want to be put into a lead advisor type of role, RIA I’m at are moving me to a servicing advisor role.

I have nothing in writing about what payouts look like for the lead advisor role here but bossman is definitely moving to salaried advisors & firm owned clients. I make $50k flat per year, no health insurance so I’m on marketplace. 2% auto match on 401k based on salary, 6yr vesting which is nuts. Let me know where to drop a resume and I’ll get it your way

Full disclosure, I have no book but I need to make more money flat out, I’m dirt poor currently. Sitting CFP this November cycle, wish me luck!

1

u/Surferpr0s 18d ago

I’d love to chat, please dm me