I'm a fairly recent grad in CS. I've developed some asset allocation type models (using both individual stocks and ETFs) suitable for individuals saving for retirement or other goals. I have no interest in directly getting clients as a financial advisor or starting some kind of fund etc. I have noticed that there has been a explosion of model marketplaces where financial advisors can find model portfolio created by 3rd parties. (See for example, model marketplaces at TD Ameritrade, Morningstar, Riskalyze, Orion, etc.)
Does anyone know what the regulatory requirements are to be a third-party model provider?? Do you have to be a registered investment advisor (RIA)? Or is that a requirement only for the financial advisor that uses the model for their clients.? (To be clear, I'm not talking about being a sub-advisor on a third-party asset management platform (TAMP).) I would only provide the model portfolio and not take custody of client funds or have any contact with end clients.
Submitted September 25, 2018 at 04:57PM by eknanrebb https://ift.tt/2ONGCo9
