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Accumulator/Retirement Cornerstones Variable Annuity Series Third Party Registered Investment Advisor Authorization Form Express Mail: AXA Equitable Life Insurance Company Accumulator Processing Office

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Starting an RIAA and the cost to get set up that's the topic for today well hello everyone good afternoon we're here talking today about launching an RA get getting started what does it take together to get an advisory firm launched and underway I get a lot of questions about this as you know if any of you know now this office our segment I try to feel the questions that come in to me and one that I get often you know I got another one of these this week, so I figured it would be a good topic this week is basically this idea, so I want to go out launch an advisory firm how do I get funding to launch my firm like how do I get money to go out and launch my advisory firm, so I got a message this week from Clarissa said you know I'm reaching out for you about funding information I'm on a quest to fund my financial planning firm I've got a unique focus a company I'm going to serve I know who I want to reach, so I'm gonna reading through her message here I think really given the uniqueness of what I want to do in the opportunity for if it's an incredible opportunity but as she says basically I'm going out there to find funding, and I'm getting shut down left and right I'm not finding anybody who has interest in funding me, so you know what's the deal what does it take to get started as Weiser firm and how do you get funded for it, so I wanted to dive into this topic a little because realized yeah I think there's a lot of misperceptions out there about both from the advisory firm perspective like what does it really take was it really cost to start an advisory firm and then from the flip side you know if you're a lender like what would you even be looking for if you were going to loan money to someone to start an advisory firm so if I would, you actually look out from the lenders' perspective well frankly it gets pretty clear why there often isn't very much in terms of funding and kind of what to do about it so what is it really cost to get started for an advisory firm so as I'm always trying to show you at the top of the show here so when we look at what it cost start advisory firm of several guest posts now on the blog about this it's it's frankly a lot less than what most people think typical costs that I'll see for someone getting their advisory firm launched is less than ten thousand dollars in the first year really that's probably no more than maybe five to seven thousand dollars in like true startup costs getting off the ground and then maybe a couple of thousand dollars that they rack up through the year for some ongoing saw costs to maintain the business, so the troop startup costs might be getting your compliance worked on you can do that by hand, although we typically recommend you outsource that to someone it might cost you a few thousand dollars you're going to set up your business entity that might cost you a few hundred dollars or a little of filing fees you're going to need sort of the core technology infrastructure that gets used to...

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How to fill resive is a process of completing a receipt form with relevant information.

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Any individual or organization receiving a payment may be required to fill out a receipt form.

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To fill out a receipt form, one must provide details such as the date of the transaction, amount received, name of the payer, and purpose of payment.

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The purpose of filling out a receipt form is to acknowledge that a payment has been made and to provide a record of the transaction.

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Information such as the date, amount, payer's name, and reason for payment must be reported on a receipt form.