Becoming An RIA - Startup Costs And Getting Funding To Start A Financial Advisor Business 

Michael E. Kitces_____The Man_______The Myth________The Legend !!!

How have I never heard of you.....Respect to you Sir.....shame on the lack of rigor my finance teachers showed my class....shame on the rigid trash textbooks I had to finance.....Keep your passion Sir

Incredible value here ! Thank you so much ! Will be studying for my 65 later today.

Thoughtful and Excellent Presentation

Thanks for the advice Michael! What do you think of starting an RIA as a side hustle? I love my job and do well - but I also love helping people with personal finance and retirement investing. I've been thinking of studying for the Series 65 and begin small and adding a few clients slowly over time. I could definitely see it as a career after my current career closer to true retirement. Thoughts?

Great advice. Thank you.

Thank you Michael. RESPECT ! (:

HOT TIP - I put the youtube viewer speed on '2' (twice normal speed) and the animated quality of the presentation was entertaining, and it shortened the video from 21 minutes to just over 10 minutes. The video author looks like the identical twin of a tenant I had and it was a bit 'unique' at first - my tenant had a deliberate, sort of 'plodding' communication style and I said 'no - I'm doubling the video speed - this is an RIA topic' It worked.

Great advice! Exactly what I needed at the right time!

Doesn’t it make more sense to start with a firm and then take your clients with you when you start your own firm? Rather than start a firm with no clients and survive off debt

Thanks for the great info! Really helps.

Thank you

She wants to start an RIA with no assets?

The problem I see for minorities especially African-Americans is, black people should go out on their own and get started on their own without even joining an advisor reason why I say this, because blacks get the hate from both black and white, it is hard as the minority to get hired in The Firm somewhere specially in the area predominantly black predominately white it's hard for a black man to get a job in that field the best thing a black man can do is start his own firm from scratch even no experience, he or she will get the experience going forward, especially for minorities and I'm speaking mainly about African Americans oh, that's the best route because you are not going to get sponsored very now there may be some spots, that are more friendlier. But, what if a minority lives in the all-white area, or an all-black area, the only real way this can work for minorities in the diverse area to start your own firm, I'm telling this from experience

How do you find clients ?

Does this cost assume no office space for the advisor? Seems quite low.

just watched your video a couple weeks back... Question? As an RIA can charge my clients a monthly fee for my services?

Wouldn't lack of customers cause them to go out of business? You've gotta be able to market yourself selling yourself is just as important as whatever alpha you can create. If you need need to borrow money to set this up you probably are not a very good trader/investor.

He does not project the type of professionalism that a customer would want advising them. It seems more of an image found at a car dealership.