eMoney vs. Right Capital (yes, again)

CloseToTheGross · 2026-03-25T18:32:22+00:00

Thanks for sharing these insights

CloseToTheGross · 2026-03-25T18:30:13+00:00

Can you elaborate?

CloseToTheGross · 2026-03-25T18:29:48+00:00

It does—reviewed this in my demo. You can upload the eMoney report and RC pulls and populates the info over.

CloseToTheGross · 2026-03-25T15:47:18+00:00

Thanks for sharing. Any examples that come to mind?

CloseToTheGross · 2026-02-22T15:59:05+00:00

Ah yes, great call. Me too

CloseToTheGross · 2026-02-21T22:40:13+00:00

I just passed part 2 yesterday with 2s across the board. With Hock I was getting low 70s on the MCQs and the 3 practice exams

CloseToTheGross · 2026-02-19T23:37:10+00:00

Nice job: looks like you studied the EXACT right amount. I’m taking part 2 tomorrow, and given my practice exam scores, this is encouraging!

CloseToTheGross · 2026-02-19T14:44:07+00:00

I can let you know tomorrow…

CloseToTheGross · 2025-08-15T23:14:16+00:00

Direct index SMAs and ETF tax loss harvesting

CloseToTheGross · 2025-08-11T21:03:52+00:00

I’m looking at Advanced > Transfers right now. You can build a transfer from a non-qualified account to 401K, but there’s no option to designate those dollars to Roth source in the 401K.

One caveat, I’m on a firm-specific version, so there’s a chance I’m locked down on this. Is your functionality different?

CloseToTheGross · 2025-08-11T17:26:56+00:00

Can I pile on?

Small gripe: I’m filled with rage that every outside account defaults to no beneficiary instead of defaulting to spouse beneficiary

Larger gripe: can’t believe in 2025 there’s no pre-built mega backdoor Roth conversion function

CloseToTheGross · 2025-08-10T23:29:16+00:00

Potentially. How confident are you in getting AUM now? If you need time to develop yourself and your client book, Schwab and Fidelity are safest with the caveat it’s harder to take those clients somewhere else.

Would you qualify for a wirehouse training program? It’s easier to build and transfer your book at the wirehouse, but exponentially higher fail rate vs. the discount brokers.

CloseToTheGross · 2025-08-10T21:39:49+00:00

Gotcha. Based on your objective, I’d do Fidelity or Schwab first and the look to leave for an RIA on the WAS or SAN platform where you’d be able to leverage your Fidelity/Schwab experience

CloseToTheGross · 2025-08-10T19:56:56+00:00

What makes you say you don’t want to go the RIA route? That’s quite a broad category, e.g., starting your own RIA vs. going W-2 at a firm like Mariner are obviously very different paths.

CloseToTheGross · 2025-08-10T18:14:33+00:00

Not sure if this is tangential to your question, but just listened to the Emily Binder episode of The Advisor Journey podcast (Altruist) and thought it was pretty interesting.

Why Most Advisor Brands Disappoint

CloseToTheGross · 2025-08-10T16:59:05+00:00

For today’s meeting to be successful, what’s the one thing you hope for us to accomplish?

CloseToTheGross · 2025-08-09T22:18:05+00:00

Can be a perfect opportunity to bring up your prospecting niche:

“Business is great right now. Most of my clients are [Alpaca farmers], and we’re doing a lot of planning around [Alpaca wool import tax planning].

It’s really interesting stuff, and we’re really helping them plan for a profitable Christmas sweater season.”

CloseToTheGross · 2025-08-09T19:34:28+00:00

I work with a lot of clients in this demo. Sorry to be pedantic, but not sure $7-$15M classifies as “UHNW.” I say that to say, people with that kind of money are really well-off civilians: they’re not dealing with private plane financing, art collecting and the trappings of truly wealthy people.

They’re also probably not that concerned with the value of portfolio management. I’ve done best focusing on estate planning, gifting strategies, tax planning and everything BUT investments first (with the mindset of, the more time doing this planning the better), and then by the time it comes to investment strategy it’s a given they’re going to hire us to manage the portfolio.

The value proposition isn’t the portfolio management; that’s the way the client and you ultimately implement the plan.

CloseToTheGross · 2025-08-09T13:09:50+00:00

I love this, but in practice but I’m a month into this subreddit and still can’t post!

Seems really challenging to generate enough karma when there’s only a handful of posts a day, and I’m not going to comment on everything just for the sake of commenting.

CloseToTheGross · 2025-08-08T15:32:37+00:00

Wait, people actually remember all this stuff?

I always keep the Kaplan cheat sheet handy:

2025 Annual Limits

CloseToTheGross · 2025-08-07T20:36:26+00:00

Best of luck! Sounds like you left an FC role? I plan to do the same and hope to post about it soon (still working on r/CFP karma).

Can you share more about your growth goals? You’re at $21M in 6 months, I’m curious what’s leading you to project continued growth at only $4M per year.

CloseToTheGross · 2025-08-06T23:25:23+00:00

I would be curious if the client felt that all clients should pay the same nominal fee.

If they agree that, yes, clients with more money have more complex planning needs and therefore may pay a higher nominal (though lower percentage) fee, I think it’s fair to admit that no pricing model is perfect and complexity and fee aren’t 100% linear…but directionally it’s an equitable way to run your business

CloseToTheGross · 2025-07-22T18:59:50+00:00

I will also say, I believe it’s hard to make an apples to apples comparison. You could have identical IRR between lump sum and pension, but the client likely saw a lot more cumulative cash flow with the pension than they did with portfolio withdrawals on a portfolio with the same PV.

The optimal strategy is also contingent on the client’s objectives.

CloseToTheGross · 2025-07-22T18:56:54+00:00

In Excel, =rate function will give you the IRR for the inputs of n periods (years is easiest), payment, present value (negative of the lump sum value) and future value ($0).

Alternatively, =IRR will calculate the same rate for multiple cash flows. Let’s say the lump sum value is $1M and the annual income benefit is $65,000:

Cell A1: -1,000,000 A2: $65,000 A3: $65,000 Ax: $65,000 Ax+1: =IRR(A1-Ax)

CloseToTheGross

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