How To Start Your Own Investment Firm and Become an Independent Financial Advisor
ฝัง
- เผยแพร่เมื่อ 1 ก.ย. 2019
- →𝐉𝐨𝐢𝐧 𝐃𝐨𝐦'𝐬 𝐋𝐢𝐯𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐓𝐨𝐝𝐚𝐲←
challenge.jumpstartcoachingla...
🛑 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 𝐓𝐎 𝐓𝐇𝐄 𝐂𝐇𝐀𝐍𝐍𝐄𝐋: / @dominiquehendersoncfp
→𝐃𝐨𝐦'𝐬 𝐁𝐨𝐨𝐤←
djh-capital.com/get-started
→𝐃𝐨𝐦'𝐬 𝐅𝐚𝐯𝐨𝐫𝐢𝐭𝐞 𝐁𝐨𝐨𝐤𝐬←
www.amazon.com/hz/wishlist/ls...
→𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐞𝐝 𝐕𝐢𝐝𝐞𝐨𝐬←
How To Become a Financial Advisor - ULTIMATE Career Path Guide • How To Become a Financ...
Day in the Life of a Financial Advisor - A PEEK 👀 Behind the Scenes
• Day in the Life of a F...
Certified Financial Planner Career - What Does a CFP Do
• Certified Financial Pl...
How To Start Your Own Investment Firm and Become an Independent Financial Advisor • How To Start Your Own ...
Ready for your next level as a financial professional?
→𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐎𝐟𝐟𝐞𝐫𝐬←
1️⃣ Attend the next masterclass ➡️ launch.jumpstartcoachinglab.c...
2️⃣ Attend the next challenge ➡️ challenge.jumpstartcoachingla...
3️⃣ Get all my FREE Guides ➡️ start.jumpstartcoachinglab.co...
**What to Avoid When Starting in Financial Services**
**How to Launch a Firm**
**My Ebook on How to Scale Your Firm**
**The Ultimate Tech Stack to Run Your Firm**
**How to Use ChatGPT as a Financial Professional**
4️⃣ Demo this solution for tech stack fatigue ➡️ theadvisorgrowthsystem.com/ho...
→𝐋𝐞𝐭'𝐬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭←
Website: jumpstartcoachinglab.com/welcome
Instagram: @DomHendersonSr
Twitter:@DomHendersonSr
TikTok: @DomHendersonSr
LinkedIn: / domhendersonsr
Facebook Biz Page: / dominiquehendersonsr
Great and concise video! Thank you 🙌
Gud one
great video!
I find your channel so helpful. I've been wanting to enter the industry for awhile. Hoping to pass my SIE by the end of the year.
Cool. If you're on FB, join us : facebook.com/groups/beingafinancialprofessional/
highly useful information thanks a ton sir
So nice of you
Comment “startup” if you’d like a sneak preview of my RIA startup guide!👍🏽
I feel like I have something sitting on top of my head and you just don't want to tell me, but can't help staring at it
😂
Five years is too much but more if one is determined so I guess 2years good but problem faced is just a capital for start up i guess thats what many people need to develop their ideas which is what i am facing too
and im absolutely trying to break into the financial advising industry
Join my community Shane...it’s free.
www.jumpstartcoachinglab.com
Excellent video thank you
Glad it was helpful!
Like your confidence tanmay
On a similar note, how should you go about registering your firm as a 'Broker/Dealer'? Any additional licenses required i.e. series 7 and/63. - Thanks
That question is way to heavy for this forum.
Feel free to grab some some in a consult if you'd like.
www.jumpstartcoachinglab.com
You said you need savings or financial support. Does starting a firm require a lot of capital? It’s a service so I would assume not. Also I want to major in finance and start a firm eventually. Would a minor in entrepreneurship help with this?
I usually recommend spending 1st five years working for someone.
It depends though...
Capital helps of course, but I depends on your experience, your fortitude, your determination, your grasp on marketing, I literally could go on and on...
Could you start your own biz with just a series 7. Or do u need a cfa/cfp
Series 65 at a minimum
Hello, thank you for the information. In 7.45 you mentioned to not market to business before we are approved. Does that mean we need our LLC and EIN numbers?
You’ll need all that before you start soliciting clients. www.domhendersonsr.com/ria-consulting
I want to know what is the basic expenses required for opening investment firm , i am a CA , CFA , CFM, FRM
Thanks for watching. This differs greatly depending on what you want to create...
Mr. Henderson I've been researching creating an LLC so that I can invest my and others money into stocks/bonds/ETFs.. Is doing a LLC the best way. I'm still in school #GOTERPS however, I cant find a straight answer on this.
I am also thinking of it
Love your videos Dominique. Clear and to the point. I’m wondering how most independent advisors structure their fees. Some I know locally offer one time planning consultations fees coupled with 1-1.5% management fee. Would say this is the norm? What’s your opinion on being competitive in the space when it comes to fees? Thank you!
Lots of thoughts on fee structure depends on what you’re building… join the community to learn more 👍🏾
Schmoozer. He is just another guy on the Internet. What's so good about the video looks like a spam comment. Looser
I’ve got a full time job that pays well so can’t I just get my series 65, SIE, register in my state with my LLC and just do it on the side and slowly build a client base?
This is possible. Providing services and attracting clients are two different things though. If you'd like to map out a plan, you should schedule a session: linktr.ee/domhendersonsr
Hello sir, Greatt video in a very brief & informative manner happy to see this video, and every sec of watching this vdo was worth the time taken, keep growing sir
I just wanna know that, if i start a small registered Investment firm which invest client's money in stock market, how much "percentage" would that firm should "ideally" deliver to their clients per annum like: 10%, 15%, 20%
Would be waiting for ur reply sir, Thanks in advance for ur valuable time!
Thanks for watching our channel! www.domhendersonsr.com/welcome
Thoughts about CAIA ?
OC Guy I don't actually🤷🏾♂️
currently at a wirehouse and it's an absolute nightmare. I'm 26 with 6-8 potential clients (very strong likelihood they join when I leave the wirehouse) at the moment with 300-450K total. thinking of setting up with a retainer + monthly subscription structure as this has been extremely palatable to agreed-on clients. in your experience, has this worked for you? I really enjoy the monthly recurring feature without charging the AUM fee. as far as experience goes, I dont have 5 years of formal experience, but I do have experience doing the planning process with loved ones and friends. I've about 2 years total in formal experience and quite honestly feel as if I can handle breaking away.
great video. a lot to think about!
hey Julio.
A lot to unpack and the real answer is "it depends". Your build and your target will be key.
Feel free to complete this form and we can chat about it: forms.gle/1cH6YCXTtRv5P4Dp9
Hi Mr. Henderson. I am 19 years old and currently a licensed real estate agent in the state of California. Although I am prepared to pursue a career in real estate I recently discovered that I’m very passionate about finance and have been thinking about going to college to get a degree in this field. Do you believe I can do both and still be successful in the world of finance and one day open my own financial business?
+Malachi farmer possibly it really depends on the path of entry you choose. You should download my FREE guide: djh-capital.com/jumpstart-career-guide/
+Malachi farmer you're young and have a lot of time. You could do both after trying one first. Start with the one that you're most passionate about so you maintain follow-thru for the inevitably hard times.😉
I am 20 and about to take my RE exam in CA! And pursing to be a finical advisor and trade securities for others, I say do both! Dominate and give it your all my friend, balance may be hard to maintain but it will be rewarding and one hell of an experience.
Those are somehow related fields! So you can do finance and benefit from the knowledge you'll acquire in finance to boost your real estate business
Hi Dominique. I'm a new adviser with a mutual fund design that pays up to 40x times the market rate on the sp 500 without increasing risk. I also have several other product designs that outperform the market. However, I have zero operating experience even though I've been studying finance for over 20 years. The plan is to partner with Lpl financial to help with day-to-day operations, and getting the fund's to market. Do you have any advice as I move forward??
What if you're a successful active trader who just wants to manage money through an LLC so you can trade off a bigger capital base and get the added income of performance fees? if the statistics on your trading are impressive and you beat the index then I feel like there should be no problem at all finding people to throw money at you. I just tell people I trade and they contemplate me to manage their money before seeing any details at all.
Start a hedge fund or private equity fund. That's how you do it legally.
How long have you been trading?
@@DominiqueHendersonCFP Hi Dominique, do I need to become am RIA to start a private equity fund or hedge fund? I don't really want to sell insurance and all that, I just want to start a capital investment fund that people can put their money in and I'll invest it and charge fees and bonus over a certain % gain etc. RIA needed?
No. You can choose SEC registration or not from what I understand. Talk to a securities attorney.
I purchase some socks through Robin Hood the stocks that I purchased can I turn them into an LLC
That's what I was thinking getting a small office in Tallahassee FL ........also have a Lawn service company too but I was thinking about getting some very very smart people to do it while I do my lawn service
Great info Bro Dominique! Do you offer a way to have a 1 on 1 consult? I'd be willing to pay for your time.
www.jumpstartcoachinglab.com/performance-coaching
Can you do this if you never got sponsored for series 7 before?
Just need a S65. Are you trying to start your own firm?
I’m definitely looking to go this route Although I don’t know where to start. I might be looking for a mentor
Shoot me an email at hello@jumpstartcoachinglab.com. I work with a few advisors from time to time
@@DominiqueHendersonCFP much appreciated
I'm interested in becoming a financial professional
Go to
www.jumpstartcoachinglab.com/links and follow the steps.
@@DominiqueHendersonCFP thank you
What do you think about Blackrock and Vanguard? Do you think they grew too much?
In what way? How is that a bad thing?
I need a little help with learning more information for my business on making it grow
Schedule an appointment www.jumpstartcoachinglab.com/
Do I have to be CFA certified to start a financial investment company?
Not to start an RIA.👍🏽
I’m 18 and trying to start a firm
I want to start a investment company with my sports investing, how should I start??
Probably worth a consult...check out www.jumpstartcoachinglab.com
@@DominiqueHendersonCFP ....thanks alot
Hi, I am 20 years old, living in Canada and I have passed the LLQP exam, soon I will get a Life insurance license. I want to become a financial planner and start an investment firm.
Definitely join the community, we’d love to work with you. start.jumpstartcoachinglab.com/
Businesses do fail because of incompetence.
Do you own a financial services firm?
There is no loss working together investing Stock with Sir Adams, you only win and learn more. Having in mind that this is purely business, he helps you understand that you trade what you see and not what you think.
How much profit does your investment firm make annually?
Enough to remain happy :-)
I’m not asking that to be intrusive, owning an investment firm is my end goal so I just want to know approximately what I could expect.
No need to apologize, but it varies. And I prefer not to share that information in a public forum :-)
Hi Dominique, I come from a family who is atrocious with money. I have found myself wondering how many people are in the same boat and ways to fix this. I have considered opening a company but would like talk to someone about the steps to move forward.
You can:
1. Join the free community. Https://jumpstart.mn.co/ And/or 2. Book a consultation calendly.com/djhcm/jumpstart-coaching-30
5 years is the right amount
@Nappy E...definitely need that "maturation" period.
What is your experience in this area? Anyone can start a firm
Extensive😉
Five years is reasonable for your average person but for me 18 months or less I'ma genius .. well at stocks I am .. fina venture into the rest of the financial world
What are you looking at above the camera?
¯\_(ツ)_/¯
On your other "question"....check out the free community at www.jumpstartcoachinglab.com
Dude the question was how to start. No how to save money to start or how to know if you are ready what a waste of time the intro.
Thanks for the feedback.
I'm always curious on how to improve the platform (I'm not perfect!)
2 follow up questions:
1) How long have you been in the financial services industry?
2) What do you feel is the most important elements of "how to start"? (e.g. feel free to answer #2 even if #1 is not applicable.)
A good way to determine whether or not you should start your own business is save up for about 6 months and then bet all of your money on spy calls that expire next week
You will either a. have enough money to start a firm or b. realize it's not for you
😂😂😂
Not sure if you are serious.