Business Idea: Start An Investment Advisory Business in 2024
Looking to help others make smart financial decisions while building a rewarding career? Consider starting an investment advisory business.
An investment advisory business involves providing clients with tailored financial advice and strategies for growing their assets. You'll guide them through various investment options, helping them tackle financial challenges while aiming for their long-term goals.
With increasing market complexity, many individuals are eager to access expert advice to make informed investment choices. You'll conduct thorough market research, crunch numbers, and stay updated on financial trends to offer valuable insights.
Starting this business requires obtaining necessary certifications and building credibility with your clients. Though it involves continuous learning and rigorous analysis, the satisfaction of helping others secure their financial future can be highly fulfilling.
If you have a knack for numbers and a passion for financial planning, this could be the entrepreneurial path you’ve been looking for.
Revenue & Profitability
How much do investment advisory businesses make?
- On average, successful investment advisory businesses report $4.1M/year in revenue.
- 100% of investment advisory businesses report being profitable.
Startup Costs
How much does it cost to start an investment advisory business?
- It can cost as low as $4 to start an investment advisory business.
- It can cost as high as $2,500,000 to start an investment advisory business.
Learn more about the costs of an investment advisory business.
Examples Of Successful Investment Advisory Businesses
Successful investment advisory business businesses and case studies
How one financial services company, Good Life Companies, went from a multi-faceted service organization to a nationally recognized brand with $25 million in revenue, averaging 50-75% growth per year, by providing independent financial advisors with the support, infrastructure, and real estate necessary to operate their practices and meet all needs, along with investing in marketing strategies and expanding their offering to multiple broker-dealer channels.
Asian-focused consulting firm Dezan Shira & Associates, founded in Hong Kong in 1992, has expanded to include 28 offices and a client base of several thousand companies with US$20 million in annual turnover, handling about US$8 billion in foreign investment into Asia, by determined hard work and creativity in marketing, billing structure and hiring equity-dependent staff.
See full list of successful investment advisory businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
