how to start advice-only RIA 6

https://page-wiki.win/index.php/Why_More_Advisors_Are_Choosing_a_Flat_Fee_RIA_Platform

To start an advice-only RIA, first register your firm with the SEC or your state securities regulator, then file Form ADV with the IARD system. You'll need to choose a custodian like Schwab or Fidelity for client accounts, set up your business structure as an LLC or corporation, and secure errors and omissions insurance. Next, draft your ADV Part 2 disclosure brochure and establish a compliance system, often with third-party help. Finally, build a client base by focusing on your niche, like hou…