how to start advice-only RIA 5

https://yonderstack.com/s/MLWson1Th97JUuTHOa0dV

To start an advice-only RIA, first ensure you're an IAR registered with the SEC or your state, then form your RIA entity and file Form ADV. No AUM or product sales needed—just a flat fee or hourly billing model. Focus on fiduciary planning, build a client agreement, and get E&O insurance. Compliance starts with custody rules and Form CRS, so nail down your ADV Part 1 and 2A before taking anyone on.