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

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