RIA + Alternative Fund Launch Package
Stand up the adviser and the fund in one engagement — fund team, compliance back office, ongoing compliance program, and the portals that run it. One team, one system.
Reference pricing: from $18,500 setup + $4,950/month. Typical launch runs 8–12 weeks from kickoff to first close.
What the package is, in one paragraph
The RIA + Alternative Fund Launch Package is a single engagement that registers your investment adviser, launches your first alternative fund or SPV, and then runs both. It combines four things most firms buy separately: an RIA and fund compliance team, the compliance back office that produces dated deliverables, an ongoing compliance program under Rule 206(4)-7, and the portals that hold the record — RegReview for compliance, InvestPrep for investor and fund operations, ADScanner for marketing review.
It is built for advisers who are not fee-only — hybrid advisers, insurance producers, and dual-registrants — because those firms carry compensation conflicts that a standard fee-only launch template ignores. Every conflict gets documented in the manual, the advisory agreement, Form ADV, Form CRS, and the fund offering materials up front, instead of being discovered during your first exam.
Four parts, one engagement
Team, back office, compliance, portals
RIA + Fund Team
Registration and formation coordination, a named compliance lead, and fund operations staffing — an RIA and an alternative fund program stood up together instead of two disconnected projects.
Compliance Back Office
One firm record, templated regulatory workflows, standard deliverables, and a timestamped evidence trail behind every filing, review, and attestation.
Ongoing Compliance
Rule 206(4)-7 program ownership, Marketing Rule 206(4)-1 review, Code of Ethics and personal trading reviews, annual review and testing, and exam readiness.
Portals
RegReview (Compliance OS) for the firm, InvestPrep (Private Capital OS) for the fund — investor onboarding, subdocs, capital calls, data room — and ADScanner for marketing review.
Who this fits
Hybrid advisers
Advisory fees plus commission or trail revenue, adding a private fund so clients get alternatives without a third-party platform in the middle.
Insurance and annuity producers
Registering an RIA for the first time while launching a real estate, private credit, or diversified alternatives vehicle alongside the existing book.
Dual-registrants and OSJ principals
Reps who need Rule 3280 approval, supervisory coordination with the broker-dealer, and a compliance record both firms can rely on.
Launch plan
From kickoff to first close in 8–12 weeks
Phase 1 · Structure & Registration
Weeks 1–6- Registration path analysis: state vs SEC vs exempt reporting adviser
- Form ADV Parts 1A / 2A / 2B and Form CRS drafting; IARD/CRD setup
- Advisory agreements, fee schedule, and conflicts inventory for commission and insurance business
- Fund structure coordination with your fund counsel (LP/LLC, GP, management company)
Phase 2 · Program Build
Weeks 4–10- Compliance manual, Code of Ethics, BCP, privacy policy, and cybersecurity program
- Marketing Rule policy, testimonial/endorsement framework, and performance presentation controls
- Private-fund policies: valuation, allocation, side letters, conflicts, expense allocation
- Form D and state notice filings; blue-sky calendar established
Phase 3 · Portals & Back Office
Weeks 6–12- RegReview workspace: calendar, tasks, policy reviser, testing workpapers, evidence trail
- InvestPrep: KYC/AML investor intake, subscription documents, capital calls, distributions, LP data room
- ADScanner: pre-use marketing review queue with audit-ready logs
- Staff training session and attestation recordkeeping under Rule 204-2
Phase 4 · Run the Program
Ongoing- Quarterly compliance reviews, annual review and testing, and regulatory change alerts
- Filings calendar: ADV annual amendment, Form D amendments, notice filings, Form PF where applicable
- Marketing and personal trading reviews on a set cadence
- Exam and audit readiness: document request list pulls straight from the portals
Packages
Reference pricing
Setup covers registration, program build, and portal configuration. Monthly covers the consulting scope, back office, and platform seats. Fund counsel, filing fees, and audit are billed by those providers.
Launch
One RIA, one fund or SPV
$18,500 setup
from $4,950/mo
- RIA registration (state or SEC) + ERA filings
- Single fund or SPV program build
- Gold-level consulting scope, no named CCO
- RegReview + InvestPrep Standard seats
Most common
Growth
Multi-fund or continuous SPV program
$27,500 setup
from $7,950/mo
- Up to 3 funds/SPVs at launch, side letter and conflicts tracking
- Named Fund CCO on ADV
- Quarterly testing + mock SEC exam prep
- InvestPrep Fund Admin Pro seats + ADScanner
Institutional
Platform sponsors and larger managers
custom setup
from $12,995/mo
- Unlimited funds/SPVs and investor volume
- Named CCO and/or FINOP with backup coverage
- Branded or white-label portal deployment
- DDQ, SOC 2 package, and written SLA
Annual prepay earns two months free on the monthly scope. See the full pricing page for tier-by-tier detail and add-ons.
Questions advisers ask before launching
What is an RIA and alternative fund launch package?
It is a single engagement that stands up a registered investment adviser and an alternative investment fund at the same time, and then runs both. FIN Group handles registration and program build, the compliance back office that produces the deliverables, the ongoing compliance program, and the technology portals — RegReview for compliance, InvestPrep for fund and investor operations, and ADScanner for marketing review. Reference pricing starts at $18,500 setup plus $4,950 per month.
Why is this built for advisors who are not fee-only?
Advisors with commission, insurance, or placement revenue carry conflicts that fee-only firms do not: compensation disclosure in Form ADV and Form CRS, best interest analysis, outside business activities, and Regulation Best Interest overlap where a broker-dealer affiliation exists. The package documents those conflicts in the manual, the advisory agreement, and the fund offering materials rather than treating them as an exception at exam time.
How does a non-fee-only advisor get capital markets exposure?
Typically through a private fund, an SPV program, or a feeder into third-party alternatives. Each route needs an offering structure, a Form D and state notice filings, investor accreditation and KYC/AML intake, subscription documents, capital call and distribution mechanics, and a marketing framework that survives Rule 206(4)-1. The package includes those workflows in InvestPrep so the fund does not run on spreadsheets and email.
Do I need to register as an RIA to run a private fund?
It depends on assets under management and the exemptions you rely on. Many single-fund sponsors begin as exempt reporting advisers filing Form ADV Part 1A and Form D, then register with the SEC as private fund assets grow past the applicable threshold. We run the registration path analysis in Phase 1 and file for whichever status fits, including a later transition from ERA to registered.
How long does an RIA plus fund launch take?
Plan on 8 to 12 weeks from kickoff to first close, assuming fund counsel is engaged and the offering structure is settled. Registration review timelines vary by state and by the SEC, and the fund documents are on your counsel's clock — the compliance program, portals, and back office run in parallel so they are not the bottleneck.
What does the compliance back office actually deliver?
Templated workflows that produce dated artifacts: policy revisions, gap scans, testing workpapers, annual review reports, marketing review logs, personal trading reviews, vendor risk logs, and exam document request pulls. Every item is timestamped and exportable, which is what an examiner asks for under Rule 204-2 and what an institutional allocator asks for in a due diligence questionnaire.
Do you provide a named Chief Compliance Officer?
Yes, on the Growth and Institutional tiers. The Launch tier delivers full program management without a named CCO on the ADV, which suits firms whose principal serves as CCO with our team behind them. Named CCO engagements include the CCO on record, exam lead, and regulator response.
Can I keep my existing broker-dealer or insurance relationships?
Yes. The package is designed around dual-registrants and hybrid advisers. We map each revenue stream, disclose it in the ADV and Form CRS, and build supervisory procedures that account for the broker-dealer's own review requirements, including FINRA Rule 3280 private securities transaction approval where the fund is offered to brokerage clients.
Keep reading
Private fund compliance
Fund CCO scope, Form PF, side letters, and LP communications review.
Read moreRIA compliance solution
Registration, annual review, marketing review, and personal trading reviews.
Read moreInvestPrep · Private Capital OS
Investor onboarding, subdocs, capital calls, and the LP data room.
Read moreReady to scope your launch?
Tell us your registration status, revenue mix, and the fund you have in mind. We will come back with a phased plan, a fixed setup quote, and the monthly scope.