For Interested Advisors
Join Garrett Investment Advisors, LLC, a Fee-Only SEC registered investment advisor, and let us take many of the compliance, technology, operations, billing and investment management functions off your plate so you can spend more time focusing on what truly matters–financial planning for your clients. Build your own local brand as a DBA office of Garrett Investment Advisors, LLC, using our turn-key RIA platform outlined below.
For additional information please contact Justin@GarrettAdvisors.com.
|Firm Registration of 1 DBA Office with 1 IAR |
–U-4, Form ADV Part 2 and Form ADV Part 2B
|Initial registration within 15 days as an Investment Advisor Representative (IAR) of Garrett Investment Advisors, LLC.|
|Flexibility of Multiple Service Models|
–Fee-Only Hourly and Retainer
–Fee-Only Hourly and AUM
–Fee-Only Hourly and Retainer and AUM
|Provide services on a Fee-Only, hourly, accessible basis. Service and fee options include: project, fixed, monthly subscription, quarterly retainer and AUM.|
|Billing Solution||All billing is processed by Garrett Investment Advisors, LLC. Advisors are paid on the 1st and 15th of each month.|
|Compliance Program||All ongoing compliance managed by Garrett Investment Advisors, LLC using MyRIACompliance.|
|E&O Insurance||Professional liability (E&O) insurance is provided.|
|Secure, Online Forms||Secure, online confidential client questionnaires, risk questionnaires and Investment Policy Statements (IPSs) are provided.|
|CRM||Customer Relationship Management (CRM) software is provided.|
|Email hosting is provided. 1 email address is included. For additional email addresses, costs passed on to advisor.|
|Website||Website design/setup is provided by Garrett Investment Advisors, LLC, using 1 of 5 frameworks offered by Twenty Over Ten. Ongoing website hosting and Content Management System (CMS) for $59/month.|
|Archiving||Email, website and social media archiving software is provided.|
|Document Management System||Document Management Software (DMS) is provided.|
|Electronic Signature Software||Electronic signature software is provided.|
|Institutional Custodian||Access to an institutional custodian is provided.|
|Dimensional Fund Advisors (DFA)||Garrett Investment Advisors, LLC, is a Dimensional-approved firm.|
75+ low-cost, centrally-managed portfolios
–Strategic ETF (diversified and tax-aware)
–DFA (diversified, tax-aware and ESG)
–Managed fund (diversified, tax-aware and ESG)
–Individually managed (diversified and tax-aware)
|Overlay Managed Portfolios|
Management of advisor-created portfolios
|Central management of your custom model portfolios available. Please contact us for more details.|
|Access to Orion advisor/client portal.|
|Business Continuity Plan||Access to built-in business continuity plan in case of death or disability, as well as planned sale (e.g. retirement).|
|Recommended Add-Ons||Access to enterprise edition of MoneyGuidePro for $1025/year (includes firm-managed capital market assumptions and Garrett Portfolios standard portfolio sets).|
|Access to Morningstar Office for $900/year.|
|Access to Morningstar ByAllAccounts for held-away assets for $40/account/year.|
|Access to in-house Administrative Services for $45/hour. Access to in-house Paraplanner Services for $65/hour.|
|Join our NAPFA Corporate Membership for $275/year.|
Current licensing fee to join Garrett Investment Advisors, LLC:
$2500 1-time affiliation fee ($500 non-refundable if GIA cannot accept advisor into firm (based on background check, etc.), full amount non-refundable if advisor decides not to proceed).
$800/month ongoing fee (months 2+).
Note: Garrett Planning Network membership eligibility is required to join Garrett Investment Advisors, LLC, specifically:
–Advisor will obtain CFP® certification within five (5) years from the date of initial registration with the firm. GIA advisors satisfy CFP work experience under 2-year Apprenticeship Pathway.
–Advisor will provide accessible financial advice, which for purposes hereof means to provide financial advice on an as-needed basis to individuals from all walks of life, without any minimums as to income, assets, net worth, length of engagement or revenues generated.