Initial Start-up Worksheet
|
Monthly Capital Budget: |
Your
Estimate |
Average
|
| |
|
|
 |
| |
|
|
|
| OFFICE: |
Deposits |
$ |
Varies |
| |
Improvements |
$ |
$300-$1,000 |
| FURNITURE: |
Individual One-Man Office |
|
|
| |
(desk, chairs, credenza/file cabinet) |
$ |
$900-$1,500 per broker |
| |
Reception Area Furniture |
$ |
$500 |
| |
Miscellaneous |
$ |
$200 |
| EQUIPMENT: |
Computer Workstation with Modem |
$ |
$500-$800 |
| MISCELLANEOUS EQUIPMENT: |
Multi-function Fax Machine/Printer/Copier |
$ |
$300 |
| TELEPHONE: |
Equipment (4-line) |
$ |
$150 |
| |
Voice-mail Service |
$ |
$25 |
| SET-UP: |
Office Supplies |
$ |
$200 |
| |
Stationery/Business Cards/Memo Pads |
$ |
$250 |
| |
Company Signage |
$ |
$200 |
| |
Advertisements |
$ |
$350 |
| |
Registration Fees |
$ |
$400 |
| |
Postage |
$ |
$100 |
| |
|
|
|
|
| |
|
|
| Total Monthly Capital Budget: |
$ |
$4,375-5,975 |
| |
|
|
| Monthly Operating Budget : |
Your Estimate |
Average |
| |
|
|
|
| |
|
|
|
| |
DSL or Cable |
$ |
$50-$80 |
| |
Employee Salary |
$ |
$1,500-$1,800 |
| |
Office Lease – 400 sq. Feet |
$ |
$650 |
| |
Office Lease – Executive Suite |
$ |
$700-$2,000 |
| |
Telephone Expense |
$ |
$300 |
| |
Back Office Connectivity/Order Entry Workstation |
$ |
$200-$300 |
| |
Medical & Business Insurance |
$ |
$250 |
| |
Advertising |
$ |
$75-$300 |
| |
Postage |
$ |
$100 |
| |
Supplies |
$ |
$50 |
| |
Errors & Omissions Coverage** |
$ |
$140 |
| |
Branch Audit Fee ($1,000/year) |
$ |
$80 |
| |
Quote Service (al la carte) |
$ |
$80-$300 |
| |
|
|
|
|
| |
|
|
|
| Total Monthly Operating Budget: |
$ |
$4,180-6,355 |
| |
|
|
|
*Prices listed above are based on average start-up expenses and may vary based on geographic region and location.
**Errors and Omissions Coverage: Protects RR’s from losses arising from customer complaints and arbitrations relating to any negligent act, error or omission in providing securities trading, investment advice, the sale of stocks, bonds, mutual funds, limited partnerships, UIT’s covered calls, and the giving of life insurance advice (if dually registered). Coverage: $500,000 per occurrence/$2 million aggregate. |
