Ep 36: How to Successfully Transition from IBD to RIA

Episode 36: How to Successfully Transition from IBD to RIA

Ep 36 | Guest: Steven Taylor

Overview

Welcome to the Financial Advisors Want to Know Podcast! I’m Catherine Tindall, a CPA with Dominion, where we help financial advisors navigate income tax planning and compliance for their firms.

In this episode, we’re joined by Steven Taylor, a CFP® and Attorney who runs an SEC-Registered Investment Advisory (RIA) firm. Steven specializes in serving self-employed professionals and small business owners and shares his insights on navigating the transition from Independent Broker-Dealer (IBD) to Registered Investment Advisor (RIA).

Key Takeaways

✅ What is an IBD? – How Independent Broker-Dealers support advisors with compliance, marketing, and back-office services while allowing them to operate independently.
✅ What is an RIA? – Why RIAs operate under a fiduciary standard, and how they differ from commission-based brokers.
✅ Making the Transition – Key steps, compliance considerations, and best practices for moving from IBD to RIA.
✅ Legal & Tax Implications – How to structure your new RIA for long-term success while staying compliant.

Connect with Steven

🔗 LinkedIn

Connect with Catherine

🔗 LinkedIn
📧 admin@dominiones.com

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