Do I have enough money in assets to work with an RIA?

There is no specific amount of money that makes it “better” to work with a fee-based financial advisor, such as a registered investment advisor (RIA), rather than a commission-based advisor. The decision to work with a fee-based advisor should be based on your individual financial needs, goals, and preferences.

That being said, there are a few factors that might make a fee-based advisor more appealing for some investors:

  1. Complex financial situation: If you have a complex financial situation, such as multiple investment accounts, a large and diverse investment portfolio, or multiple financial goals, a fee-based advisor may be better equipped to provide the comprehensive advice and guidance you need.
  2. Ongoing financial planning: If you want ongoing financial planning and advice, rather than a one-time transaction, a fee-based advisor may be a better choice.
  3. Large amount of assets: If you have a large amount of assets, the fees charged by a fee-based advisor may be more affordable in relation to the size of your investment portfolio.

Ultimately, the decision to work with a fee-based advisor should be based on your specific financial situation and needs. It may be helpful to consider your financial goals, the complexity of your financial situation, and the amount of assets you have when deciding whether a fee-based advisor is the right choice for you.

Here is a very high quality Registered Investment Advisor based in Austin, Texas that has a 250K Minimum asset requirement.

This amount (250K) is a strong indicator of both the general market minimum, and the level at which the ROI of being connected with a proper fiduciary makes sense on the AUM model (meaning fees are in line with services, and you get more customized, thoughtful service).