Notes

Working in public.

Short essays from the founder of STIFTA on the emerging RIA market, the operational reality of running a one-person growth firm, and the unsolved problems we keep running into. New ones land roughly once a month.

  • May 2026 · 4 min read

    Why STIFTA exists.

    There are 23,375 firms in the latest SEC IAPD download. About a third of them have under $25 million in assets and were registered in the last two years. Most of them are quietly failing for a reason that has nothing to do with financial planning.

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