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Jun 5, 2007 11:57 am

I'm looking to advise and get compensated for advising one client.  I live in OH.  He lives in CA. Assets would be under $25M.  I'm currently not affiliated with an RIA or Broker Dealer.

Do I need to set up a fully registed Investment Advisor?  State only?  It appears that I may not need to register at all.  Any ideas?

Thanks,

Gib 

Jun 5, 2007 12:01 pm

[quote=gibbyw]

I'm looking to advise and get compensated for advising one client.  I live in OH.  He lives in CA. Assets would be under $25M.  I'm currently not affiliated with an RIA or Broker Dealer.

Do I need to set up a fully registed Investment Advisor?  State only?  It appears that I may not need to register at all.  Any ideas?

Thanks,

Gib 

[/quote]

You're just messing with us, right?

Jun 5, 2007 12:10 pm

[quote=gibbyw]

I’m looking to advise and get compensated for advising one client. I live in OH. He lives in CA. Assets would be under $25M. I’m currently not affiliated with an RIA or Broker Dealer.



Do I need to set up a fully registed Investment Advisor? State only? It appears that I may not need to register at all. Any ideas?



Thanks,



Gib



[/quote]



Is your name “Rainman?”
Jun 5, 2007 1:45 pm

[quote=gibbyw]

I’m looking to advise and get compensated for
advising one client.  I live in OH.  He lives in CA. Assets
would be under $25M.  I’m currently not affiliated with an RIA or
Broker Dealer.

Do I need to set up a fully registed Investment Advisor?  State only?  It appears that I may not need to register at all.  Any ideas?

Thanks,

Gib 

[/quote]

You would fall under the de minimus exception, but if you keep doing this sort of thing, eventually you would have to register.
Jun 14, 2007 10:48 pm

[quote=Oldproducer] [quote=gibbyw]

I'm looking to advise and get compensated for advising one client.  I live in OH.  He lives in CA. Assets would be under $25M.  I'm currently not affiliated with an RIA or Broker Dealer.


Do I need to set up a fully registed Investment Advisor?  State only?  It appears that I may not need to register at all.  Any ideas?


Thanks,


Gib 


[/quote]

Is your name "Rainman?"[/quote]

Its actually Raymond, you're just an idiot... savant.

Jun 25, 2007 8:12 am

Register as an RIA and find 3-4 more people like this.
Then sell the firm to a large bank who wants the money. LOL