Starting your own practice takes time, money … and some fraught decisions, according to seven advisers familiar with the experience.
Just some of the challenges they faced: What types of business models and technology to use? How to set fees? How long can a new firm expect to be unprofitable? They are questions that an increasing number of planners are grappling with: The number of RIAs has jumped 16% in the last five years to 12,378, according to the SEC.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access