Startup and Ongoing Costs for independent RIA

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Jul 14, 2010 8:22 pm

I plan to start an individual RIA firm in Los Angeles (one person).

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, compliance, and industry assoiciation costs) for being an
independent RIA. 

I was also wondering if anyone had referrals to specific companies / lawyors / consultants who can help with setting up an RIA, doing the filings, and outsourcing ongoing compliance/filings.

Thanks.

Jul 21, 2010 4:44 pm

HumanRIA -- feel free to contact me.  I have a whole slew of material I can send you in regard to helping you understand the costs.  My direct number is 1-888-579-8640.  Take your time though, better to work slow and methodical rather than jumping into the pool and finding out the water level is low! 

Best wishes to you!

Fred