Summary: When financial advisors choose independence and launch a registered investment advisor, despite the long-term rewards, in the short term, they are operating a business with no revenue and significant expenses.
 Once an RIA team determines how it wants to finance its business, it is recommended that there is a 10% to 20% cushion over and above the amount that is projected as necessary."Amit Grover, partner and the chief financial officer, Dynasty Financial Partners. |
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