From the Ground Up: Starting a Private Practice and Navigating State Registrations

This week, Real Money, Real Experts welcomes Andrea Clark and Adrienne Ross, who are both owners of private practices, as well as members of the U.S. military community.

Co-hosts Rebecca Wiggins and Dr. Mary Bell Carlson talk to Andrea and Adrienne about their complementary certifications, the complicated distinction between investment education and advice, registering as an RIA, and other important questions around compliance. Both Andrea and Adrienne offer a wealth of information for those interested in starting a private practice.

Show Notes:
00:52 Intro Adrienne and Andrea
05:43 Creating a support system
08:52 Working with the military community
10:28 Compliance and registering as an RIA
15:00 Education versus advice
19:16 State by state registration requirements
29:50 What Andrea & Adrienne wish they knew
36:00 Your Two Cents
38:00 Final notes about registrations

Contact Your Regulator: https://www.nasaa.org/contact-your-regulator/
Series 65 Study Guide: https://www.nasaa.org/exams/study-guides/series-65-study-guide/
https://www.finra.org/registration-exams-ce/qualification-exams/series65
Starting a business: https://www.kitces.com/blog/financial-coaching-what-it-is-and-how-to-become-one/
Registering a firm: https://www.kitces.com/blog/registered-investment-adviser-requirements-series-65-exam-timing/XYPN:  https://www.xyplanningnetwork.com
MFAA:  http://militaryfinancialadvisors.org
Table Financial Planning: https://thetablefinancialplanning.com/
Clear Insight Financial Planning: https://mycifp.com/
Garrett Planning Network: https://www.garrettplanningnetwork.com/

AFCPE Membership: https://www.afcpe.org/membership/

Want to get involved with AFCPE®?
Here are a few places to start: Become a Member, Sign up for an Essentials Course, or Get AFC Certified today!

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