RIA fees

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Mar 4, 2009 11:40 am

Does anyone know what the fees are to register as an RIA? Not the start up costs(office, asst, etc.) just the fees to set it up?

Mar 4, 2009 1:35 pm

$3,500 for a single person practice - includes the registration, corporate documents, and client agreements.

 
For a multi-person practice, maybe up to $10,000.
 
C
Mar 5, 2009 1:11 pm

Would that be for state or SEC?, because isn't there a difference? If you are under $25M you can register with the state..

Mar 5, 2009 1:55 pm

The direct fees to register are zero - both state and fed until 7/09.



But, what are you going to register? You have to provide prepared summaries of your ADV, parts 1 and 2. So, the registration fees are meaningless unless you have already paid to have your ADV created, etc. in order to register something with the SEC.



Comments that I've made above get you to a point where you can register with the proper documents. Those are the fees we found when we went through our process.



C





Mar 5, 2009 10:43 pm

Chief, check with admin on your mail box. PMs are boucing back.

Kickin & Takin
Mar 5, 2009 10:49 pm

Box was full...

Mar 24, 2009 12:13 am
chief123:

Does anyone know what the fees are to register as an RIA? Not the start up costs(office, asst, etc.) just the fees to set it up?



Your attorney fees and your compliance manual.  You should budget about 7-10K.

ash

Jul 16, 2010 2:28 pm

I am a new RIA planning to set up a single practice in Los Angeles.  In terms of:

$3,500 for a single person practice - includes the registration,
corporate documents, and client agreements.

Is this a one time set up or ongoing annual estimated cost?

Beyond the obvious / easy to estimate costs of rent, suplies, computers, marketing costs, web hosting, etc., I'm basically trying to estimate the startup and ongoing annual costs (in terms of legal, registration/filing, and industry assoiciation costs) for being an independent RIA. 

Jul 15, 2010 9:35 am

Your annual fees will vary depending if you're registered federally or what states your firm is registered in.  My annual finra renewal fees run $270.00 -but I'm only registered in one state and I modify/maintain my own ADV/compliance manual. Your membership fees will depend on what associations you join so should be easy to forecast.

Jul 15, 2010 12:07 pm

[quote=HumanRIA]

I am a new RIA planning to set up a single practice in Los Angeles.  In terms of:

$3,500 for a single person practice - includes the registration, corporate documents, and client agreements.

Is this a one time set up or ongoing annual estimated cost?

Beyond the obvious / easy to estimate costs of rent, suplies, computers, marketing costs, web hosting, etc., I'm basically trying to estimate the startup and ongoing annual costs (in terms of legal, registration/filing, and industry assoiciation costs) for being an independent RIA.  Thanks.

Tom

[/quote]

$3500 is for someone to do your documents for you. If you do them yourself then you only have to pay for registration in your state/SEC....