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Hello,
I have talked to a few RIA's and am trying to find out what the ongoing expenses and breakdown of those should be ?
One RIA told me E & 0 can be obtained from NAPA for around $73 a month for an IAR/RIA.
There is also the state registration fees. Not sure what these are approximately.
One RIA told me that about $250 a month covers their "services".
Which are:
* Holistic financial planning process
* Support from an experienced financial planning team
* Back office operational support
* Compliance oversight
* Access to several 3rd party money managers
* Marketing support
I think one RIA said a person can be a "solicitor" only with them. The ongoing cost would only be state registration fees. Of course this was more limited role. Basically it sounded like a referring over people arrangement.
Thanks!
I have talked to a few RIA's and am trying to find out what the ongoing expenses and breakdown of those should be ?
One RIA told me E & 0 can be obtained from NAPA for around $73 a month for an IAR/RIA.
There is also the state registration fees. Not sure what these are approximately.
One RIA told me that about $250 a month covers their "services".
Which are:
* Holistic financial planning process
* Support from an experienced financial planning team
* Back office operational support
* Compliance oversight
* Access to several 3rd party money managers
* Marketing support
I think one RIA said a person can be a "solicitor" only with them. The ongoing cost would only be state registration fees. Of course this was more limited role. Basically it sounded like a referring over people arrangement.
Thanks!