To recap my journey on the Road to Independence, I began my business on April 1, 2007. In the beginning my plan was to use an independent broker/dealer. Circumstances changed and I ended up setting up shop as an RIA. For the first two months I did not have a place to custody assets so I spent my time in financial planning mode. By the end of the first year I had a couple million dollars in assets under management. Today, that number is nearly quadrupled. By this time next month I should have an additional million. Overall, things are looking pretty good.
This year I have spent much more time and energy refining the asset management part of the business since the financial planning portion is already well established. With a growing asset base it is imperative to have an efficient management process.