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Investment Advisors

RIA’s and Opportunities for Independence

The rising trend of fee-based relationships built on choice among retail businesses has led to a rising trend among investors who now prefer fee-based services for their investments over full commission brokers. Consequently, investment professionals are taking advantage of their expertise, their networks, and their client base to establish their own companies. WallStreet*E Investment Advisors offers investment advisors the products, services, tools and resources necessary to provide your customers with first class service and scalability to expand your operation.

WSE Advantage for Investment Advisors

Registered Investment Advisors can also function as Registered Representatives. As brokers, they can earn a payout of up to 95% above transaction costs, while setting their own commission schedules.

  • In their roles as RIA’s or Registered Representatives, they may charge fees on managed assets in addition to commissions on executed transactions.
  • WSE Institutional gives RIA’s the option of providing internet service to their full service clients. RIA’s and their clients can access all investment products and financial services offered by WSE Institutional’s partner–WallstreetE as well as its other partners.
  • Registered Investment Advisors are considered independent contractors, and thus are self employed or employees of their own firms; furthermore, RIA’s have the opportunity to build equity in their own business.
  • Wallstreet*E processes all WSE Institutional trades, which are then executed by its custodian, Ridge Clearing and Outsourcing, Inc.
  • As the custodian, Ridge Clearing and Outsourcing, Inc. clears all trades and holds all accounts.
  • RIA’s can benefit from “Big Enterprise” capabilities due to WSE Institutional’s ability to be “private labeled.” Customers and prospects can only view the RIA’s name and logo on line.
  • WallStreet*E’s HCRM (Human Customer Relationship Management) staff provides ongoing support to RIA’s, with all aspects of servicing their clients and increasing their business.
Business Model for RIA’s
  • Registers with their state or the SEC by filing Form ADV and meeting other requirements.
  • Is considered an independent contractor, and thus is self employed or an employee of his or her own firm. In many states RIA’s are required to be registered and to hold a Series 65 license or a combination of Series 7 and 66.
  • Advises on appropriate investments based on an evaluation of clients’ needs and risk tolerance.
  • Monitors client’s portfolio and may provide regular performance reports.
  • May provide other wealth management services, such as charitable giving, estate and financial planning, retirement, trust, and tax services.
  • Uses a broker/dealer and/or bank to act as custodian of assets and to settle and/or execute trades.
  • Generally charges a fee based on a percentage of a client’s total portfolio to manage their portfolio (common range falls between 80 – 150 bps/yr), or charges hourly or flat fees.
  • Assist their clients in achieving their financial objectives.