RIA Start Up

Following are the initial steps that need to be taken to set up your own RIA:

1. Determine the name of your firm

2. Set up your corporate structure, i.e. LLC, S.C., C Corp, etc. and file the appropriate paperwork with the appropriate state

3. Obtain appropriate licenses from your state to operate as a registered investment advisor representative (Series 65, 66, etc.)

4. Prepare Investment Management and Financial Planning Agreements

5. Prepare ADV Parts I and II

6. File application for your RIA with the appropriate state agency (if under $25 Million in AUM) or with the SEC (if over $25 Million)

7. Determine office location

8. Purchase office equipment

9. Design logo

10. Order stationery, business cards, etc.

11. Design website

12. Prepare compliance manual

13. Prepare Risk Tolerance and Confidential Discovery questionnaires

14. Determine investment management solution

 

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