Business Planning

To assist you with estimating the costs associated with owning and operating your business, we’ve put together a business plan template for you to calculate initial expenditures and monthly operating expenses. When appropriate, we’ll assist in refining your projections.

In addition, we can introduce you to the transitioning advisor’s best friend – our independent business consultant. Our consultants offer the experience and expertise to assist you with every aspect of building and owning your own business, including establishing an infrastructure, selecting office space and choosing a benefits package.

To assist you with your estimation of the costs associated with owning and operating your business, we’ve put together a business plan template for you to calculate initial expenditures and monthly operating expenses. When appropriate, we can assist in refining your projections.

Initial Expenditures

		Estimated Guidelines
Office:	Deposit	Two months’ rent (approximately)
	Improvements	Varies
		Subtotal $
Furniture:		$5,000-10,000
		Subtotal $
Equipment:	Computer	$1,500-2,500 (each)
	Printer	$500-1,500
	Scanner	$700
	Copier	$1,500-2,500
	Fax machine	$250-500
	Telephone	$750-1,200
		Subtotal $
Miscellaneous:	Legal/accounting fees	$250-750
	Office supplies	$200-400
	Stationery/business cards	$400-800
	Advertising	$500-1,500
	Registration fees	$0 (transfer fees paid by RJFS)
		Subtotal $
		Total Initial Expenditures $

Monthly Operating Expenses

	Estimated Guidelines	Your Estimate
Employee salary/benefits	$2,000-3,000
Office rent	$750-1,500
Telephone	$350-550
Advisor’s Resource Technology	$145 (per producing FA, with 20-minute delayed quotes free of charge)
Real-time market data service	$115 (per computer, plus exchange fees)
Accounting fees	$50-150
Health insurance	$300-500 (Per person)
Property and Casualty insurance	$25-50
Utilities	$100-200
Advertising	$50-500
Postage	$75-125
Supplies	$40-60
Subscriptions	$25-50
Annual registration fees	$100-500
Monthly financial advisor fee	$295 (Includes basic errors & omissions coverage, fidelity bond, AudioFile, eMarketing Matters, RJFS Tech News, Compliance & Education Quarterly and Advisor’s Network for each producing advisor)
	Total Monthly Expenditures $