: As a fiduciary, you must appoint a Chief Compliance Officer (often yourself in a solo firm) and maintain a written compliance manual and code of ethics. 4. Transitioning and Launching
: Implement a Client Relationship Management (CRM) system (e.g., Wealthbox or Redtail ) and financial planning tools (e.g., RightCapital ). : As a fiduciary, you must appoint a
: Most advisors organize as a Limited Liability Company (LLC) to separate personal assets from business liabilities. Registration Pathways : : As a fiduciary