US-based Triad Advisors has launched a new Registered Investment Advisory (RIA) platform that provides streamlined regulatory and compliance processes, scalable growth tools, and multi-custodial experience to independent fee and commission-based financial advisors.
Dubbed as Triad Hybrid Solutions, the new RIA firm will be headed Michael Bryan, senior vice president, advisory services, who will serve as new CEO of the firm.
The new RIA will target small to mid-sized independent advisors seeking the most advantageous attributes of owning their own RIA firms while minimizing growing regulatory complexity and costs.
Additionally, Triad Hybrid Solutions will provide IARs the maximum flexibility of custodial partners typically associated only with RIA firm ownership.
The firm will also allow its affiliated independent advisors to utilize multiple leading custodians including Charles Schwab & Co., Fidelity Institutional Wealth Services, and National Financial Services with others expected to join later this year.
Furthermore, Triad Hybrid Solutions will provide the benefits of customized, end-to-end practice management support through industry-leading third party providers as well as offer technology tools such as Advent Software’s Black Diamond portfolio management and performance reporting technology as well as Salesforce.com’s customer relationship management (CRM) solutions.
Bryan said: "Advisors can leverage our extensive experience in the hybrid space, access industry-leading tools, and take comfort in knowing we manage the significant challenges of compliance and regulatory changes. Advisors are free to grow their own businesses with confidence."