Business Planning

To assist you with estimating the costs associated with owning and operating your business, we’ve put together a business plan template for you to calculate initial expenditures and monthly operating expenses. When appropriate, we’ll assist in refining your projections.

Estimated One-Time Start-Up Expenses

Establish Registered Investment Advisor: Estimated Guidelines RIA
Your Estimate		 Wirehouse
Outside consultant $5,000-$15,000 $0
SEC registration fees $250 $0
State notice filing fees Varies according to state $0
  Establishing RIA Subtotal $
Office:      
Deposit (approximately two months’ rent) Varies according to location $0
Improvements Varies $0
  Office Subtotal $
Furniture:      
Furniture $5,000-$10,000 $0
  Furniture Subtotal $
Equipment:      
Computers $1,500-$2,500 (Each) $0
Printer $500-$1,500 $0
Scanner $500-$700 $0
Copier $1,500-$2,500 $0
Fax machine $250-$500 $0
Telephone(s) $750-$1,200 $0
  Equipment Subtotal $
Miscellaneous:      
Office supplies $200-$400 $0
Stationary/business cards $400-$800 $0
Advertising $500-$1,500 $0
  Miscellaneous Subtotal $
  Total Initial Expenditures $

Annual Revenue

Total revenue
Fee revenue
Broker/dealer Share of Revenue
Advisor Net Revenue $

Yearly Operating Expenses

Employee salary/benefits Varies
Office rent Varies according to location $0
Telephone $3,000-$5,000 $0
Advisor’s Resource technology $600 $0
Real-time market data service $1,500-$2,000 $0
Ongoing compliance expense $1,000-$4,000 $0
Errors and ommissions insurance $10,000-$20,000 $0
Health insurance $3,000-$5,000 (per person) $0
Property & casualty insurance $250-$500 $0
Utilities $1,000-$2,000 $0
Advertising $500-$5,000 $0
Postage $750-$1,500 $0
Supplies $400-$700 $0
Subscriptions $250-$500 $0
Annual registration fees – SEC and state Varies according to location $0
  Total Annual Expenditures $
  Pre-Tax Profit $
  Difference in becoming independent $  

For further insights into your results,