▲ 15 r/CFP
When did you start your RIA or know when it was time to leave?
In terms of years in the business, AUM levels, client count, etc.
I'm a few years in the business, 40 clients paying a financial planning fee, $3.5m in AUM.
If now is not a good time to start an RIA, then I'd likely be looking at transitioning to a new RIA. I'm having a hard time finding which company would be a good fit.
Looking for some perspective on when it makes sense to make the jump.
Edit: about $45k planning fees, charge 0.8%-1.00% on AUM, commission based business, made over $100k last year but that wasn’t all from my book it included work as a manager
u/ProfessorHardw00d — 2 days ago