Hello, I am currently in the process of setting up my own FA firm. Actually it is a financial service firm including bookkeeping and budgeting services with financial planning as well. My business model is to be a flat fee to review portfolios, make suggestions & assist client with paperwork etc . I do not want to actually manage the investments which I feel allows me to recommend low expense products such as index funds etc.. My clientele will be the small accounts that every other FA would not want.

This is completely a new business, I have no clients yet. I'll be running this out of my house. I have passed the Series 65 and am in the process of completing the ADV to become state registered. I have a few questions I'm hoping others may know more about than I. Can I be the compliance officer for the firm? Is there a place that would have contract templates such as suitability questionaires and disclosures as well as privacy policy?

This process has become more cumbersome than originally thought. I am coming from the banking industry and I am just sick of it. I have also been a bank broker which meant I had very little product offerings and mainly sold annuities to grey hairs. I've spoken with the large firms, Merrill, Wells etc. and I know I do not have the network to support the volume or type of clientele they are looking for. The idea of starting my own company where I can offer any vehicle and not have anyone beating me up over sales goals, dollar amount goals etc. sounds very appealing to me.

Love this site, have gained a lot of info. Appreciate any feedback on my questions or advice, Thanks!