Looking for someone who has setup an RIA before, i'm halfway through an ohio setup and was hoping for help

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Apr 24, 2012 11:10 pm

So i have made it to this form (the pre-licensing form) and was hoping to find someone that has done it before:

http://www.com.ohio.gov/secu/docs/PreLicensingProcess.pdf

If anyone out there has some experience on these matters it'd be great to have some help! Thx all.

Apr 25, 2012 7:48 am

send me a pm with contact info and I will give you some guidance

Apr 26, 2012 6:54 pm

Hi Dr_McGill,

Setting up an RIA can definitely be challenging given the documents required.  It's important to understand compliance and what is needed to get you through approval - and afterward.  

I am a compliance consultant that assists advisors in setting up their new RIA and guiding them through the registration process with the SEC or State.  I am a former regulator and have years of experience in the industry, including on Wall Street.  I assist with the establishment of the compliance program and the required documents of the new RIA.  Please feel free to contact me with any questions on your set-up and I would be hapy to provide assistance.

Regards,

Tiffany Chamberlain

Managing Director, Polaris Compliance Consulting, LLC

(888) 240-4299

www.polariscompliance.com

[email protected]

Apr 26, 2012 7:27 pm

Thanks for offer, but im slowly putting this together, trying to keep expenses out of the equation at first.  Although when this grows to a multi billion dollar ria id love to keep the compliance people that helped me get off the ground. :) If you'd like to give put a little help in this scenario let me know.

Apr 26, 2012 11:20 pm

Hi Dr_McGill,

Completely understandable.  Many start-up RIAs try and minimize expenses and I totally get that.  Additionally, compliance is one of those areas in all firms that is an expense and non-revenue-generating, however it's so important to be compliant and to have the proper documentation in place not only during the registration process, but in the event of a regulatory examination subsequent to approval.

I sent you a PM with a couple of suggestions on your specific state (OH) requests.  Every state is different and I didn't want to confuse anyone by responding to your specific state publicly, since other states/SEC have more or less requirements for registration.  Please don't hesitate to contact me if I can provide any assistance!

Regards,

Tiffany Chamberlain

Managing Director, Polaris Compliance Consulting, LLC

(888) 240-4299

www.polariscompliance.com

[email protected]

Dec 20, 2012 8:55 pm

Hello Dr_McGill, I'm in the process of going through RIA registration through my state in the new few weeks and like you I'm minimizing the expenses by submitting many of the forms myself . How was the experience? Can you provide suggestions on the do's and don'ts during the registration process? Thanks!