I am curious how many of you RIAs use wholesalers to support you in growing your business? I used them to pay for dinners/seminars. If you don't use them, are you out of pocket for the expenses?

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I use them occasionally but also pay out of pocket around $1200 two or three times a year. I use it as a business deduction because I own my own business and because I am a little over half managed money I prefer not to even have the appearance of being beholden to a fund company.

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I never use them and pay out of pocket. Like the the last person wrote. I don’t want appear like I’m compromised.

The money out of pocket is very negligible. I make double what I made at a wire house so spending 30-40k a year on that stuff isn’t an issue.

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