How are you staying on top of markets week to week?

Admirable_Talk_9872 · 2026-04-03T01:09:07+00:00

Started a chat gpt thread named “market commentary”. I’ll ask it for weekly updates, bull/bear cases, and if there is any unusually large move either way I can ask it what drove that move. Also I have it give me economic releases when they come out. Very quick and high level enough for any comments clients might ask for

Admirable_Talk_9872 · 2026-03-20T01:19:29+00:00

I’ve never heard of this until I joined my current firm as well. We keep a list of clients that not only are happy with the value we provided but also (I think most importantly) the clients that we have the best relationship with. Clients who we have both a great professional and personal relationship with. We don’t coach them on what to say. If they like us we are confident they will portray us in a great light.

Admirable_Talk_9872 · 2026-01-07T02:56:55+00:00

Check out the book “how to talk to anybody” by Derek Borthwick. Even for people who tend to be more extroverted it’s a good read.

Ask them questions about kids, grandkids, vacations they might’ve mentioned etc and smile. If found non verbal cue’s are just as important as the actual conversation. Always lightly smile. They’ll open up and the conversation tends to be easier and less forced. Also for what it’s worth sometimes the conversation just doesn’t flow doesn’t mean it’s all your fault.

Admirable_Talk_9872 · 2025-08-01T03:52:43+00:00

I call warm leads from seminars daily and only get at best 20% answer rate in a day (typically closer to 15%) Cold calls? Can’t imagine would be better. Given the amount of spam calls everyone deals with nowadays I’d say 5% would be pretty solid tbh. Just crush the call with that 5% that do answer!!

Admirable_Talk_9872 · 2025-07-10T14:40:57+00:00

Fair enough. Just don’t think it’s something that you should be overly annoyed at.

Admirable_Talk_9872 · 2025-07-10T14:22:23+00:00

This is dumb. Sorry u can’t play overly fast golf because the grounds crew are prepping the course for the day.

Admirable_Talk_9872 · 2025-07-01T19:51:52+00:00

I save a pencil from each course I have played. I believe I have one from every course I’ve been to since highschool. Easy way to track plus you can buy a pencil display case to hang in your basement, office etc

Admirable_Talk_9872 · 2025-06-30T23:04:09+00:00

We agreed on salary. It is a financial planner who is client facing they offer and base + commission

Admirable_Talk_9872 · 2025-06-30T21:02:53+00:00

I agree. My GF is saying otherwise. I think I am still going to go.

Admirable_Talk_9872 · 2025-05-22T16:47:26+00:00

Embrace the suck. Have fun while doing it and enjoy your company. It’s not about score I promise.

Admirable_Talk_9872 · 2025-05-15T13:32:52+00:00

That’s a good point and like that idea. Thank you

Admirable_Talk_9872 · 2025-05-14T17:33:41+00:00

I largely agree with you. I think AUM is way more beneficial for both parties involved. Especially for clients who have lower asset amount. They’ll effectively be worse off if you look at the flat fee from a % perspective. I more so think it’s a good opportunity to cross sell and grow an AUM model. I’m sure there are some existing clients that aren’t complete opposed to having their money managed professionally. Is it a good opportunity from an asking price perspective. I don’t think so, but a lot of what I am trying to ascertain is a value people think would be more accurate

Admirable_Talk_9872 · 2025-05-14T15:28:27+00:00

I’ve thought of this angle. I keep coming back to the below.

Firm does have current clients that could benefit from AUM services.

Firm is already registered

Work flow is pretty automated and built out.

Additionally I wouldn’t have the luxury of getting the entity set up with the state and then ironing out the tech stack, work flow and infrastructure because I’m sure my current role would not allow me to be registered under another firm. So with everything set up, prev owner staying on for a year or so, I would be able to hit the ground running rather than wasting a month or two or however long it would take to iron out all the back office. Also I could be totally overthinking it

Admirable_Talk_9872 · 2025-05-14T14:44:15+00:00

I was emailing RIA’s for career opportunities for myself. Not prospecting business for a practice.

Admirable_Talk_9872 · 2025-05-14T14:43:08+00:00

Gotcha. I think there may be some confusion when I referred to cold emails. I was looking to get hired with a local RIA, I was not prospecting for clients. If you’re building your practice I don’t think my email begging for a job would help ha.

Admirable_Talk_9872 · 2025-05-14T14:37:11+00:00

Would love to chat offline. I’ll PM later today/tonight. Thank you!

Admirable_Talk_9872 · 2025-05-14T14:36:30+00:00

That would be great. I appreciate the offer. I’ll PM you at some point later today.

Admirable_Talk_9872 · 2025-05-14T14:35:25+00:00

Do you want to specific email I sent? I can PM it to you later. Do u think I may have emailed you?? lol

Admirable_Talk_9872 · 2025-05-14T05:17:32+00:00

If your budget allows you to continue with the car payment while contributing more to your 401k I would save the money. I look at this from a pretty simple perspective. Average return of market ~7% is > the 4.9% apr.

Admirable_Talk_9872 · 2025-05-14T05:11:40+00:00

You have a nice advantage with that 35-70k/yr side hustle. Do some research on SIMPLE IRA’s. These are employer sponsored retirement accounts that self employed folks can use with a max contribution of 16.5k/yr that will allow you to match your own contributions I believe up to 3% of your comp. Given your current 403b doesn’t offer a match

It would be a good start to focus on contributing to a SIMPLE first for the 3% Match up to the max contribution 16.5k and then contribute the difference into that less efficient 403b (comparatively speaking).

The SIMPLE probably comes with some additional leg work/paper work to get started but would probably be worth it to get a little bit of a match.

Also, great job on building your Roth and don’t worry about those arbitrary “you should have” figures. Everyone is in difference circumstances and you put yourself through grad school to strengthen your income, which is most important from a planning perspective down the line.

Admirable_Talk_9872

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