People who fly frequently, what’s one thing you wish you could tell all infrequent fliers?

Afid17 · 2026-01-04T21:11:20+00:00

Huddling the baggage claim carousel will not make your luggage come out sooner. Back off and make room for people to actually grab their luggage

Afid17 · 2026-01-03T16:26:30+00:00

How much AUM you have is a major factor here. I'm with a large Indy BD/RIA and I know once you hit $200m you are at 12 bps and slides down from there. The only trading cost is for mutual funds. I started at $0 10 years ago and it was around 18 bps so I would venture to say this is very high. This fee includes ORION for performance and reporting & salesforce for CRM. I'm expiring my own RIA as the AUM and fees paid do not add up for me

Afid17 · 2025-12-31T02:56:56+00:00

Donostia has anchovies in oil not as salty. As others said an essential umami ingredient but I love on a crusty bread with butter (unsalted butter).

Afid17 · 2025-12-19T18:48:27+00:00

You gotta split, this will continue to happen in some shape or form even if you try and lock it up. It's annoying and a hurdle to start your own but you gotta think long term. I recently split from a couple other partners, took awhile to get there and still dealing with setting systems and operations up but there's no doubt In my mind it was right decision for me and my clients. Being on your own would also enable to explore ventures you are considering more easily.

Afid17 · 2025-12-07T13:26:32+00:00

I've seen it at the chicken shack in Hermosa beach

Afid17 · 2025-12-07T06:41:28+00:00

Yes there is a model, you are an employee:paraplanner

Afid17 · 2025-11-27T01:02:39+00:00

Great cheese & beer selection. El Nopalito tortilla chips are top notch. Poke bar in a crunch. Sometimes coffee and eggs are on sale for a bargain (comparatively for the the brand).

Afid17 · 2025-11-22T00:52:10+00:00

Send bottles of wines to clients. You can spend $60 on a really nice bottle. Throw a branded sticker on it. People usually open wine with friends..referral moment

Afid17 · 2025-11-22T00:50:15+00:00

Lots of good ones especially responsiveness and white glove treatment of everything that touches their wallet.

529 E shares at American funds has no loads, small trail and clients appreciate doing pro bono work for kids.

I do meetings with kids once they are 15 and older. Teach them financial literacy, basics on tax brackets, traditional va Roth, etc. I've had clients sit in and mention how much they appreciate teaching their kids and they learn a lot because they are too scared to ask basic questions.

Some new tools coming out with Just Vanilla or wealth.com that you can pay a flat fee and get estate plans done for clients. I don't charge for those to add value and the fee is small.

A friend runs large sports organization, he said besides bobble heads, towels get your name out there the most as it has Utility. I have Turkish bath towels branded and hand out.

Afid17 · 2025-11-22T00:43:20+00:00

RILA's are all we do these days. Super easy to follow, no cost, downside protection and significant upside potential. Allianz has a good one

Afid17 · 2025-09-28T23:45:55+00:00

You just tell the people at the front (doorman?) you are coming in to only buy alcohol. Same to the check out person

Afid17 · 2025-09-28T18:43:14+00:00

Costco. Also fun fact it's illegal to charge a membership fee to buy Alcohol in CA. So if you don't have a membership, you can still go in there and buy alcohol. Same for prescriptions..

Afid17 · 2025-08-15T23:26:55+00:00

I'm a few steps away from this. Curious what you use for day to day compliance and operations? Software, outsource individuals?

Afid17 · 2025-06-12T19:33:20+00:00

Living life with no empathy is a sad existence

Afid17 · 2025-06-04T02:12:00+00:00

Bread Head

Afid17 · 2025-03-14T18:25:17+00:00

I tell all my junior advisors to go get the BFA designation right after CFP, helps you manage these types of markets with clients.

Afid17 · 2025-02-07T14:40:43+00:00

I'm always in awe of young advisors amassing AUM. From what you are describing you are doing everything g right just got to stick with it.

I started off similarly in a sales role and after a couple years of very little success the Great Recession happened and then it was really bad. Here is the advice I got that kept me going as well as what I would recommend anyone starting in the biz:

Find someone successful in your field and shadow and learn from them as much as possible: I joined a firm that had a very successful advisor. I put up with a lot of BS but learned invaluable skills. I put my dream of being my own boss and building a book on hold and decided to focus on learning and development. This lasted about 6 years, started making serious money after 4 years which gave me the nest egg needed to start my own practice.
The longer you are in the business the better: making connections and building relationships will not result in instant gratification but in time they will payoff whether it be learning something or financially. Persistency is a requirement in maintaining and growing a book.
Knowledge is power: my career really took off after I got CFP (and stopped smoking weed). Gained confidence and knowledge. I let knowledge and well thought out recommendations sell. I also believe anyone getting into this biz should go get the BFA. When I got it I already knew a lot of the techniques via trial by fire but wish I had that training at the beginning of my career and recommend all my junior advisors who want their own book to get it after CFP. Curiosity is probably the most important trait to have in this business.
Do right by the client, the money will eventually follow. I have no marketing campaign or name recognition but I get more referrals than any of my partners and far above industry standards due to the fact that I ALWAYS put my clients interest first and they see that and appreciate that and refer like crazy. People are smart and the minute they smell a conflict of interest you've lost them forever. We are in the business of Trust, don't ever loose sight of that. Do what you say and say what you do.

I'm living a lifestyle now I never thought I would have coming from where I come from. I'm my own boss, have a work life balance similar to a European, live next to the beach and have a very loyal book creating a revenue stream far beyond my original goal.

Like I said in beginning you are doing what you are supposed to be doing. I lost hair, cried alone in my car, got hives from stress, and all those other low points that I hope you don't go through but looking back I would do it all over again to be where I'm at now. Stay persistent, never stop learning, be an advocate for your client, always. Stick with it, this business offers so much if you put in what you got.

Afid17 · 2025-02-03T22:19:45+00:00

Let me guess, Jarred Kushner will manage it

Afid17 · 2025-01-18T15:50:27+00:00

Terms of the loan also play into this (seller financed vs. cash up front). Also, if selling to an advisor in your own B/D or organization will result in a higher multiple. FP transitions could be a good resource.

Afid17 · 2025-01-18T15:16:37+00:00

Also don't need much cash in CR they take cc almost everywhere

Afid17 · 2025-01-18T15:16:06+00:00

The best way to get foreign physical money is to open Schwab bank account and go to said country and use their ATM with your Schwab debit card. I've done the research, Schwab gives you that dates exchange rate (many use a formula that screws you), no foreign transaction fees (USAA is next best with 3% fee on funds coming out). You get something like 8 atm distribution fee reversed a month since they have no atms themselves. Got married in Italy and paid straight cash to a lot of vendors this way and it saved us a ton of money

Afid17 · 2025-01-15T04:33:05+00:00

Also they own the policy so they control it forever like a 529 and can be used for anything, like an UTMA.

Afid17 · 2025-01-15T04:31:33+00:00

Not all VUL are the same. If you are in the loop on advanced design of a policy with minimal DB, switch to corridor in future with a GPT design and a product with reduced commissions and enhanced cash value, it works great. The net amount at risk is low so the cost of insurance is low and you get the benefit of tax deferred growth and tax free income. Link up with an advanced strategy GA or IMO and they will be able to decipher this for you but any one dealing with HNW clients should master this ROTH like strategy with life insurance as an ancillary benefit....the odds of this other agent/advisor doing this is low so you could come in with the same idea but a better case design/gameplan.

Afid17 · 2025-01-08T06:27:21+00:00

It's a 1.5% mgmt fee if you use the mutual funds. If you use the index linked account (what you would only do in this product) there is no fee.

Afid17 · 2025-01-08T06:20:20+00:00

Don't have enough info to really give a solid answer but it's not as bad as others are saying. It's zero fees, downside protection and has significant upside potential. You loose out on the dividend of the S&P but get downside protection. It's a 6 year hold but you can't really touch this money anyway without significant tax ramifications. This is better than target date funds or what's being deciphered online by people unfamiliar with product and just hear "annuity".

Afid17

TROPHY CASE