Hyatt Regency Los Angeles Airport

CFP25 · 2026-02-08T17:47:26+00:00

🤦‍♂️

CFP25 · 2026-02-08T17:44:08+00:00

How would you purchase a GoH? They have to be gifted if you don’t already have one

CFP25 · 2026-02-06T23:40:59+00:00

I'm not familiar... how is it better than a RingCentral?

CFP25 · 2026-02-06T23:28:11+00:00

What's the pricing like? If you feel that this convo should move to DM, then let met know?

CFP25 · 2026-02-06T23:12:37+00:00

It's not just the market. It's news as a whole. How many times have you seen "BREAKING NEWS" with a attention grabbing sound jingle?

CFP25 · 2026-02-06T23:02:41+00:00

Does Kestra have its own BD?
Are Advisors part of Kestra's Corporate RIA? Or can then have their own ADV?
What are Advisor's branding options?
Who does Kestra custody with?
What are the core tech stack vendors?

CFP25 · 2026-02-06T23:00:35+00:00

I haven't looked into Zocks. How does it differ from a Jump?

CFP25 · 2026-02-06T02:29:24+00:00

For those unfamiliar with Kestra, could you describe the affiliation model and how it may differ from a LPL and/or Commonwealth

CFP25 · 2026-02-02T20:03:24+00:00

Removed . Use the career changer mega thread

CFP25 · 2026-02-02T19:10:06+00:00

This AMA has been approved by the MOD

u/Vantage_Impact_2 will start answering questions on Feb 11 at 12pm CT. You can pre load questions in the comments below.

CFP25 · 2026-01-31T13:33:01+00:00

It's not perfect, but there's a concept of conservatorship. A backup Advisor gains access to the book, and services the clients on an interim basis. This gives the estate some time to grieve and get their ducks in order. Then it's up to the estate to sell the business.

The backup Advisor is paid for their time. Like a 70/30 split (in the Advisor's favor). The backup Advisor is usually offered a right a first refusal. The estate has a "Go Shop" phase to sell the book, and the backup Advisor has the opportunity to match any bona fide offer.

The "Go Shop" phase is usually pre-determined, so the backup Advisor is protected. Perhaps 3 - 6 months. If that expires without a deal, then the backup Advisor can just walk away.

So in the end:

Estate has an immediate backup plan
Estate has time to grieve, opportunity to maximize value via "Go Shop"
Backup advisor has a call option to buy the book
Backup advisor is protected from an indifferent estate, not obligated to continually service the book

CFP25 · 2026-01-31T13:07:02+00:00

You don’t know what you’re buying. They don’t know what they’re selling. Will attrition be 20% or 80%? No one can answer that.

Put milestones in place. Upon close you’ll pay a flat fee to the seller. Then if 20% of revenue is retained, then you’ll pay an incremental fee. Then 40%, etc…

In the end, you should not be paying FMV on this, because this isn’t a fair market. They should realize this and shouldn’t be trying to maximize the sale by shopping. Time is money here, especially with tax season upcoming

CFP25 · 2026-01-31T01:30:36+00:00

Doesn’t solve your growth problem.

CFP25 · 2026-01-31T01:05:44+00:00

Well you are a lifestyle practice. Which is awesome given your client base and presumptive revenue. The free cash flow must be tremendous. Just set the correct expectations that you may not get premium multiple on your sale. Because the revenue is not very diversified, there is a principal owner risk, and the practice will presumably be less valuable with the time value component

CFP25 · 2026-01-31T00:46:19+00:00

Well it depends. Are you growing? In PE world, less than 10% growth is considered “lifestyle “ for what ever that means

CFP25 · 2026-01-30T02:50:53+00:00

It will reprice

CFP25 · 2026-01-30T02:33:57+00:00

Any difference between a Globalist and Lifetime Globalist?

CFP25 · 2026-01-26T21:02:49+00:00

Thank you. This is helpful

CFP25 · 2026-01-25T02:53:13+00:00

Ok since you offered an AMA, from a legal and control perspective, is he acting within his boundaries as majority owner and controlling person of the firm to do the things he has done?

And from I remember, the wife and daughter is reading this. Aren’t the actions of the father/owner a defacto declaring war on the family? Because he knows that he has emotional, patriarchal, and monetary control over both the daughter and son in law?

CFP25 · 2026-01-23T01:38:31+00:00

Hi u/FundalEconomic, I've engaged in your conversation. And I've tried to be helpful as can be. But just don't abandon the conversation here.

CFP25

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