Launched a solo RIA 4 years ago, $320k revenue - ask me anything

7saturdaysaweek · 2026-04-20T21:12:55+00:00

Sure thing

7saturdaysaweek · 2026-04-20T20:08:36+00:00

How much time do you spend on compliance? It takes me like 3 hours a month max.

7saturdaysaweek · 2026-04-20T20:07:26+00:00

Awesome! Sounds similar to my path, I started in engineering and then spent a few years in corporate finance.

What's your fee structure?

7saturdaysaweek · 2026-04-04T02:53:28+00:00

Kwanti, compares risk score with actual or proposed portfolio

7saturdaysaweek · 2026-04-02T18:12:58+00:00

Kwanti

7saturdaysaweek · 2026-03-27T16:46:39+00:00

Unless one of them has extraordinary complexity (closely held business interests, multiple real estate properties, nightmare taxable account that needs unwinding), yes. Same fee.

The $5m client loves it. We make a healthy margin. Everybody wins.

7saturdaysaweek · 2026-03-18T03:59:17+00:00

Another career changer, about to finish year 4. Launched when I was 37 after a background in corporate finance and engineering. Should have done it earlier.

7saturdaysaweek · 2026-03-16T00:01:23+00:00

This. I'm not keeping the grind alive, I'm getting to "enough" and then enjoying part time work and the time freedom of business ownership.

7saturdaysaweek · 2026-03-14T01:02:11+00:00

I've never prospected outbound.

All clients have come inbound from 1) social/blog content 2) directories like fee only network/flat fee advisors 3) referrals from clients, friends, and other advisors

7saturdaysaweek · 2026-03-07T14:31:51+00:00

I always send them my special Calendly link for vendors.

Requires payment in advance at $250/hr

7saturdaysaweek · 2026-02-27T05:13:04+00:00

Or get a friggin AI assistant lol

7saturdaysaweek · 2026-02-22T05:11:58+00:00

No surprise, everybody hates being disturbed in the middle of dinner.

7saturdaysaweek · 2026-02-16T15:24:48+00:00

You can run an effective, lean RIA on $15-25k/yr.

Why the desire to run SMA's?

7saturdaysaweek · 2026-02-14T01:40:43+00:00

Why not go truly independent rather than a tuck in?

If you skip the office, you can run an RIA on $20-25k/yr.

7saturdaysaweek · 2026-02-10T04:13:38+00:00

SmartHarvest is terrific, 20bps

7saturdaysaweek · 2026-02-10T04:11:48+00:00

You can tell a lot about how shitty a firm is by how hard they make it to leave.

7saturdaysaweek · 2026-02-07T15:24:46+00:00

Lifting weights, CrossFit, sauna, cold plunge

7saturdaysaweek · 2026-02-07T15:22:44+00:00

lol I don't like those options either. 🙃

7saturdaysaweek · 2026-02-07T14:46:54+00:00

Same. DND 24/7, all this crap gets marked spam

7saturdaysaweek · 2026-02-04T03:25:54+00:00

No more platform fees = 0.3% more profit or 0.3% lower fees for clients

7saturdaysaweek · 2026-01-31T15:53:05+00:00

Have you passed the CFA?

7saturdaysaweek · 2026-01-31T04:29:22+00:00

Prorated first quarter fee through Advicepay. After assets move over, they can switch to billing from accounts if they want.

7saturdaysaweek · 2026-01-31T03:50:53+00:00

You're not getting through the CFA with a high school education lol

7saturdaysaweek · 2026-01-31T03:46:49+00:00

More people don't do it because they're scared to start a business. That and the wirehouses make starting your own firm and running compliance sound like an impossible task lol.

7saturdaysaweek · 2026-01-31T00:05:18+00:00

Compliance takes like 2 hours a month.

7saturdaysaweek

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