Advisors Advantage - October 2015

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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How To Operate A Retirement Plan Provider Practice on a Shoe String.

Why spend when you don't have to.

I decided to start my own practice when another law firm stated that I could earn $150,000 if I brought them $450,000 billable work. I thought if I could bring in $450,000 of business, why would I need them and waste $300,000 on their over- head? I'm not a big fan of overhead because it cuts into my profits and I don't like my profits to be cut. When you run a business as a retirement plan provider, there are so many ways to waste your money because there are so many other service providers willing to waste it for you. So this article is how retirement plan providers can operate their business on a shoestring...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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