Before deciding to launch your own RIA ask youself these three key questions:

? Are you prepared for the financial challenges and personal sacrifices you will need to make to start up your own RIA business?

? What is your business plan and what are the goals you would like to achieve in 2 years? What about in 5 years?

? What areas of expertise would you personally like to focus on? Do you need education in other areas or do you need to hire others to fill those roles?