: Generally for firms managing under $100 million in client assets.
Moving clients from a previous broker-dealer requires extreme care to avoid legal disputes. : Generally for firms managing under $100 million
: Implement a Client Relationship Management (CRM) system (e.g., Wealthbox or Redtail ) and financial planning tools (e.g., RightCapital ). RightCapital ). : As a fiduciary
: As a fiduciary, you must appoint a Chief Compliance Officer (often yourself in a solo firm) and maintain a written compliance manual and code of ethics. 4. Transitioning and Launching : Generally for firms managing under $100 million
Before filing any legal paperwork, you must define the core identity of your practice.
: Required for firms with over $100 million in AUM.