Tuesday, October 6, 2026The Morning EditionSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
WM Altruist Adds Donor-Advised Funds to PlatformIN Built on insurance experience to deliver on long-term promisesRB Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and TradePMR's R. Scott Victoria are among othersIN Annuities for RIAs: Why fee-only advisors still hit a wallFP How an AM radio host dialed up her niche businessWM Cresset Aims for $13.1B Trust Business with National Advisors Trust DealIN Fidelity's $100M RIA custody minimum lands amid long-short SMA curbsIN Broker-dealers must lean on tech, brand as advisors weigh optionsWM LPL Recruits $1.1B Team to its RIA Channel From Wells Fargo's FiNetIN Looking for a passion asset? New investment platform touts stakes in classic cars

Topic

Hybrid RIAs

Advisors who run an RIA while keeping a broker-dealer affiliation.

A hybrid advisor provides fee-based advice through an independent RIA while keeping a broker-dealer registration to offer commission-based products such as some annuities and insurance. The model lets advisors move toward advisory fees without giving up products some clients need.

Hybrid firms rely on corporate RIA or independent broker-dealer partners for brokerage supervision, and must manage the conflicts and disclosures that come with dual registration.

Financial ADVSR covers hybrid firms, the platforms that support them and the advisors moving into the model.

Latest on hybrid rias

Questions

What is a hybrid RIA?

An independent registered investment adviser whose advisors also hold a broker-dealer registration, so they can offer both fee-based advice and commission-based products.

Why do advisors choose the hybrid model?

It allows a gradual move toward fee-based advice while keeping access to commission products, and can ease the transition for advisors leaving brokerage firms.