I can also setup a fresh LLC and get all the paperwork done new in the name of owner from the start, All the annual costs is just $1000 for maintaining the setup, if you onboard clients then there would be administrative fees and custodian, accountants and stuff. But till there are no clients then just around $1k a year and that includes tax filling.
I have thought about buying some funds as opposed to building another new one because it's not as easy as it use to be. But I never thought about buying a upstart service, the downside would be the name already in place. Where when your buying an established fund with clients that's far different and has more value.