RIA Out of the Box aims to provide independent financial professionals with a more efficient way to launch and maintain an RIA without having to bear the burden of ongoing compliance or RIA creation and registration costs.
The new RIA platform was co-created by Roccy DeFrancesco, an attorney and author who founded the Wealth Preservation Institute and the OnPointe software suite.
DeFrancesco told ThinkAdvisor that the platform represents a “fully turnkey” RIA startup solution that not only files the RIA registration but also provides an advisor’s business with ongoing compliance support, marketing resources and a deeply vetted investment platform.
“A lot of folks are going to be interested in the simplicity and low cost of our solution,” DeFrancesco said. “But, as an attorney, what I think I’m most excited about is the level of our compliance support.”
As DeFrancesco explained, the platform provides “continuous, high-quality compliance services” including regular audits and management of day-to-day compliance issues such as approval for marketing content and reviews of emails, texts and social media.
“A unique aspect to our firm, however, is the fact that important communications made through a third-party law firm supportive of RIA Out of the Box clients will fall under the attorney-client privilege and should not be discoverable by regulatory bodies or as part of legal disputes,” DeFrancesco said. “Our turnkey solution allows advisors to focus on serving clients and finding new clients while having the confidence they are staying fully compliant.”
The platform assists advisors through the full registration process, ensuring that all regulatory requirements are met. Whether firms spend $5,000 or $50,000 on startup or ongoing compliance services, the platform’s structure and partnership model supports cost reimbursements of up to 100%.
Also notable, according to DeFrancesco, is that RIA Out of the Box has developed a standalone vested investment platform.
“We optionally provide access to a fully vetted TAMP featuring the industry’s best third-party managers and professionally managed multi-manager portfolios,” he said.
The platform further supports advisors working with qualified retirement plans and advisors who want to facilitate access to custom structured notes, Delaware statutory trusts and other sophisticated investments.
RIA Out of the Box has no connection to RIA In a Box, which was acquired by ComplySci in 2021 and became part of COMPLY in March 2024.
Credit: Shutterstock
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.