Transition To RIA Podcast

Transition To RIA Podcast


Q100 - Seven Questions Michael Kitces Has Never Been Asked.

February 27, 2024

To celebrate the 100th episode of the Transition To RIA question & answer series, I was joined by special guest, Michael Kitces.


He graciously accepted my request to come on the show where I would attempt to challenge him with seven questions about the RIA model he has never been asked before:


  1. Will we ever see the equivalent of a Chick-Fil-A in the RIA industry (a systematized business with both hugely passionate clients and operators?)
  2. If you had to choose to run a $50M, $500M, or $5B RIA, which would you choose and why?
  3. If you were king for a day 20 years ago, and could change one thing about our industry, with no ramifications, what would it have been?
  4. What do you think the RIA model will look like 30 years from now?
  5. If you were a mutual fund wholesaler today, how would you try to work with RIAs?
  6. If you were asked to help invest $100M into the industry, how would you deploy the capital?
  7. If you had more capacity, is there a business in our industry you would try starting, and perhaps others should be trying themselves?


Spoiler: Out of the seven, six he had never been asked before. Can you guess which one I missed the mark on?


Come take a listen!


P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.


Show notes: https://TransitionToRIA.com/seven-questions-about-the-ria-model-michael-kitces-has-never-been-asked/


About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.