I'm relatively new here and have only done a little exploring through the forums. I'm looking for advice, suggestions and feedback for my situation. I'm currently a registered assistant working for a planner at an indy b/d. I have my 7, 66, and health life va licenses. I'm about to begin my CFP cert. Talks have started between me and the planner I work under, for me to buy out his bob so I can step into the advising world. This is all new to me, so I have no clue what the process is and what to expect so I have a few questions I'm hoping someone here can answer. What should I expect to pay for a bob of say 10mm aum? Should I get an attorney to review the buy/sell agreement? Do I need to get E&O, broker's license before working out any proposals or is it in my best interest to see a proposal for a buy/sell before getting E&O and broker's license?
This is a very important step in my career so I'm trying to seek out as much advice as I can. I realize more questions may need to be answered by me first before any of you can offer any advice. Feel free to ask away and I will do my best to answer. I'm also fairly new to the financial advising world so I qualify as very noobish. Keep this in mind. I think that's it for now. I'm sure I will come up with other questions after posting this. Thank you to any and all who read this, I appreciate your time.