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. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: (0:57) What are the governing documents for an RIA? (3:34) How does a document written by an attorney impact your eight-figure exit? (6:40) Intrinsic value (7:50) Gaining efficiency by enforcing policies and procedures (10:33) What happens if you don’t set the expectation? (11:12) Strategies to drive compliance with your governing documents (16:34) Do you have faith […]
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https://financiallysimple.com/policies-and-procedures-driving-profitability-through-your-rias-governing-documents/
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