The previous article was the kickoff to our current focus on the nitty-gritty of running an RIA. Since most advisors have little experience in business management, these next few articles will be helpful in bringing your firm up to speed quickly. In this article we will continue the most important topic: your firm’s finances. While you’re already in the business of managing people’s money, managing your own business’s finances is likely something you haven’t done, so we will continue this topic by focusing on banking.
Your independent RIA is up and running, the word is out, and clients are calling. But there’s a lot of work ahead as a business owner, and you’ll need to continue managing your firm effectively to be successful. The next few blogs in this series will cover more of the important parts of running an RIA, from banking to selecting a custodian to the best industry associations to join. Most advisors have little experience in business management, so these articles can be a boon in bringing your firm up to speed quickly. The topic we’re covering in this article is one of the most important: managing your firm’s finances. While you’re already in the business of managing people’s money, managing your own business’s finances is likely something you haven’t done. We’ll walk you through setting up your books the right way.
Marketing is likely not something you’re used to doing. However, you’re now the boss running your own firm, and marketing is how you get your name out there. While a lot of work, if done correctly, your marketing efforts will run primarily on autopilot, which frees you to handle the many other tasks you’ll need
So we’ve moved past the formative stages of your Independent RIA, including your business strategy, budget, and legal structure. In the last two blogs, we laid the foundation for your marketing efforts. Now, nearly at the halfway point of your journey, we are building upwards and adding the necessary tools and technology to ensure the
You’ve picked your firm’s name …what’s next on the list? Don’t worry, we’ve created the ultimate marketing checklist to help your firm thrive. In case you missed it, our previous article explored tips for naming your firm and applying for a trademark. In this article, we will focus on designing your logo and website and registering a domain name.
Marketing is a broad topic, so we’ve split it into four parts to make it less overwhelming. Here, we will lay the groundwork for your marketing plans and focus on the execution later. You don’t need to spend a fortune on marketing to be successful: you just need to be strategic. In this article, we’ll be covering naming your firm and applying for a trademark. In our next article we will focus on designing your logo and website and registering a domain name.