Q84 - How Much Does It Cost To Start An RIA?

Transition To RIA Podcast · May 10, 2023 · 25m

How much does it cost to start a Registered Investment Advisor ("RIA") practice?

As often occurs with the advice that financial advisors give their own clients, the answer is "it depends."

For new advisors first entering the industry who plan to run a virtual practice, the cost might be as little as a few thousand dollars. For a large team catering to HNW clients, who plan to transition their practice from an existing broker/dealer firm, the cost could potentially be $100,000+.

There are several variables that go into the total cost equation. Some of the variables have static prices, while…