Hello all,Found this forum via search; actually led me to the post at the bottom of this page here - http://forums.registeredrep.com/forums/rias-independents/my-mid-20s-and-starting-ria-firmCouldn't help but find myself in a similar situation, hope the nice and wise people here can help. History - I'm in my mid-20s and have been at an insurance company for about 2 years now as a financial planner - series 7, 66, 87, 86, life & health, property & casualty licensed.What prompted all of this was my late grandmothers' passing, which left my father with a rather large trust (just shy of $10M) that he will need help managing. I *could* just take it with my firm now but... there is something about my family's money hitting "the grid" that inexplicably irks me. Also, knowing how this business works behind the curtain has me wary of anyone but myself touching this money. I don't trust our analysts because our firm has a strong relationship with BlackRock, and guess where 90% of advisor's clients' money is in... great company, but not for everyone.In college, I studied with a former colleague of David Swensen's over at Yale, whom has established an invincible track record as their endowment's CIO. As that has always been my dream field of work, I am well-adversed in endowment philosophy and intend to manage the trust in this manner. My father understands that this is not his retirement money (he has his own money, and lives frugally anyway) but rather our family's to exist in perpetuity.So I'm now strongly considering setting up an RIA to manage our family trust full-time. I would probably set up an LLC, hire an RIA setup firm to help me register with the state and deal with compliance, and appoint myself as sole IAR. Haven't yet decided how I'll do the brokerage end - either myself or just use another broker. I have already established the base portfolio and have a fantastic accountant that I'll hire to file each year as a business expense.I'm hoping the advisory fee will provide decent income but I'm mostly looking forward to the free time to study for my CFA (or rather PhD if funds/time allows), rekindle my love of jazz, and get more involved in the community. I love networking, and so with more time and patience to do so, I should be able to slowly gain more endowment accounts and AUM over time.What I'm asking you all is..... is my head in the clouds? Am I high? My thought is - I've been blessed with a great opportunity that I'd be a fool not to take advantage of, given my skills, licenses and available resources. Am I missing something huge here? Thank you all so much in advance for your wisdom. I look forward to your thoughts with great interest and consideration.