Business Transitions Launches an Independent RIA Transition Planning Web Site.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 3, 2003 Business Transitions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , (www.BusinessTrans.com) is pleased to announce the launch of its newest online transition planning platform for registered investment advisors Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and fee-only financial professionals. RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. Transitions is the fourth in a line of on-line transition planning sites by Business Transitions, and was developed in response to the increase in popularity of FP Transitions (www.FPTransitions.com) among registered investment advisors. FP Transitions will continue to serve independent registered reps. Providing RIAs with an Independent, Open Market Exit Strategy RIA Transitions was developed specifically to meet the needs of a growing population of retiring registered investment advisors. This national platform has established systems and processes unique to the business practices of RIAs, and is independent of custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. or broker/dealer control. RIA Transitions gives practitioners the opportunity to maximize the established value of their practice by selling on the largest and only independent marketplace available. Like all of Business Transitions sites, it will offer a confidential listing system, an automated e-mail notification feature, detailed and industry-specific form contracts, closing/escrow services, and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. guidance from start-to-finish. The Cutting Edge of Transition Planning - Partial Book Sales In addition to the standard benefits available on all the Transitions Family of Websites, RIA Transitions will also provide practitioners an open market to sell portions of their books of business, an increasingly popular succession-planning tool. Registered investment advisors have the unique ability to evaluate their books of business and sell less profitable portions or those clients who no longer match the seller's business model. There is great demand among buyers for these smaller, more affordable and manageable acquisitions, especially those transitioning their book of business to a fee-only structure. About Business Transitions / RIA Transitions RIA Transitions (www.RIAtransitions.com), like all of Business Transitions' sites, offers a confidential listing system, an automated e-mail notification feature, detailed and industry-specific form contracts, valuation assistance, closing/escrow services and personalized guidance from start-to-finish. RIA Transitions represents the fourth transition planning platform launched by Business Transitions, LLC. RIA Transitions follows the highly successful and nationally recognized FP Transitions, which has been featured in The Wall Street Journal, Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Magazine (cover story), Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Newswire, Bloomberg Wealth Management, Financial Advisor, Registered Rep, Investment News, Journal of Financial Planning, Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , On Wall Street, and others. |
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