Startup and Ongoing Costs for independent RIA
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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.
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!