The RIA primarily targets small to midsize independent advisers interested in owning their own RIA firms. Among the advantages are offloading growing regulatory complexity and costs to an industry expert. Triad Hybrid Solutions offers investment adviser representatives (IARs) the flexibility of custodial partners typically associated only with RIA firm ownership.
Affiliated independent advisers of Triad Hybrid Solutions can use a range of custodians, including Charles Schwab & Co., Fidelity Institutional Wealth Services and National Financial Services LLC. The firm anticipates more custodial partnerships later in the year.
Triad Hybrid Solutions expects to attract investment advisers of RIAs that deal with multiple state registrations, those who do not have the desire to dedicate staff and resources to RIA maintenance, or wirehouses breakaways who may prefer an established structure. Association with Triad’s broker/dealer also lets financial professionals offer products and services in a true hybrid business model, serving clients on either a fee or commission basis.
Triad Hybrid Solutions will offer the benefits of customized, end-to-end practice management support through third-party providers. Resources include Advent Software’s Black Diamond portfolio management and performance reporting technology, as well as Salesforce.com’s customer relationship management (CRM) solutions.
The business model of Triad Hybrid Solutions meets a rapidly growing demand among an overlooked yet sizable segment of the independent adviser population, says Michael C. Bryan, senior vice president of advisory services. “Advisers 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,” he says. Bryan will serve as CEO of Triad Hybrid Solutions.
Hybrid Advisors Inc., headquartered in Atlanta, is a national, independent broker/dealer and multi-custodial RIA.