How Much AUM do you need to start an RIA?
About this episode
The episode discusses the financial requirements and considerations for starting a Registered Investment Advisor (RIA).
How much money do you actually need to start an RIA? On this episode of Talking Wealth, Michael Batnick asked Tobias Salinger, Chief Correspondent at Financial Planning, who has probably talked to more first year firm owners than anyone alive. He wrote a 30 part series on the whole thing, from launch to exit.They covered the stuff nobody tells you before you leave. What it costs on day one. How long until the business pays you anything. Compliance, tech, custodians, and everything in between. If you’re thinking about going out on your own, or you already did and you’re wondering if your numbers are normal, watch this one. This episode is sponsored by Calamos. To learn more about CAIE, visit https://www.calamos.com/funds/etf/calamos-autocallable-income-caie For more from Talking Wealth sign up at: https://talkingwealthpod.com/ Follow Us On Social Media: Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn…
People in this episode
Host: Michael Batnick
Guest: Tobias Salinger
Topics covered
- RIA
- business launch
- financial planning
- compliance
- investment management
Sponsors
Calamos
Mentioned in this episode
Organizations: Financial Planning, Ritholtz Wealth Management
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