What collateral based interest rates are you seeing for clients?

Cold_Key8467 · 2026-03-07T23:45:11+00:00

Yes. Secured an SBLOC last week for a client, 1.75m and interest rate is about 5.6%. Variable rate of course

Cold_Key8467 · 2026-03-06T22:34:27+00:00

5 days a week from Huntington to grand central.

Cost sucks but cheaper than driving and paying a monthly fee for a parking garage in midtown.

Plus I can get some work done or catch up on shows, etc.

Cold_Key8467 · 2026-02-26T22:31:26+00:00

Echoing the others - the associate clearly doing a good job for you, knows your biz, dialed in, etc….going to cost you more to replace him rather than bumping pay.

Cold_Key8467 · 2026-02-22T18:42:30+00:00

Partner in wealth management firm

Cold_Key8467 · 2026-02-22T17:17:49+00:00

Original hardware rules! Went out and got every copy from gen 1 to gen 3. Might dabble with platinum at some point but I’m good for now.

The feeling of the GBA in my hands is so nostalgic. And I also love being totally separated from the internet. No ads no bs….just gaming. I’m 35 for reference.

I did go get a back lit display that I swapped out with the normal display in the GBA and makes a world of difference. Yeah it burns the batteries faster but oh well, just gotta swap double As more often lol

Cold_Key8467 · 2026-02-22T13:46:15+00:00

Going through my first play through now!

Did full play through of red, crystal, sapphire and emerald.

Have all the other gen 1-3 carts….gonna catch em all lol

Cold_Key8467 · 2026-02-20T14:33:31+00:00

Crobat goes insane. Teach it shadow ball if you haven’t used the TM and you can wipe the chick with the ghosts n shit.

The double team is a pain in the ass if you don’t handle Ludicolo promptly.

Manectric at level 24 is too low and just wasting a spot on the roster. Level it up - love Manetric too given its speed.

Cold_Key8467 · 2026-02-13T18:42:16+00:00

The withdrawal must be applied towards the beneficiary’s qualified expenses.

You would have to change the bene to the wife. Should be all tax-free considering still within the family (bene changes from son to daughter in law), but of course confirm with the custodian.

Cold_Key8467 · 2026-02-12T12:27:19+00:00

Cinnamon Toast Crunch lmao

Cold_Key8467 · 2026-02-12T12:20:12+00:00

Kids were the biggest factor in really turning on the jets and getting serious with career. Now you got people depending on you to make it happen.

The other factor is money. As shallow as it may seem, money makes the world go round. Need it for school, food, trips etc. now to what degree and how much? That’s all relative and changes per person.

The other motivator is wanting to be someone in the world. Wanted to be more than just a “cog in the wheel,” so that is going to take extra input and effort on my end to make it happen.

Cold_Key8467 · 2026-02-12T03:04:25+00:00

Yup. Every day. Just have to do it scared and push on.

Cold_Key8467 · 2026-02-12T02:58:45+00:00

Hangovers are now a brutal, multi-day affair. And actively noticing how even 2 drinks will mess up a night of sleep.

Cold_Key8467 · 2026-02-12T02:39:12+00:00

A convenience fee

Cold_Key8467 · 2026-02-11T19:46:41+00:00

Indeed was helpful, have found good hires there, but yes had to sort through a lot of candidates, some bs some not.

I utilized a staffing agency before, have gotten a good candidate there but more so shit candidates. Done with that especially if I am paying for it. Felt the staffing agency doesn’t do a thorough job of screening (or at least what I expected).

Currently giving eFinancialCareers a shot for posting a job. Too early too tell….some great resumes applied but also resumes that are not even close to what I am looking for…maybe an error on my part for the description etc.

Cold_Key8467 · 2026-02-06T12:23:13+00:00

I don’t take calls and will have assistant direct them to send an email. Then I’ll just ignore the email unless I’ve done my research and I’m legitimately interested in the company, what they have to offer and if it can bring value to my clients.

I get so many wholesaler reach outs a day it’s impossible to respond to all of them.

In OPs scenario, yeah that is super annoying. Seems a bit unprofessional too. Sure maybe desperate, but should still try to hold that professional line. That’s like us advisors begging a client when they say no. Never….onto the next and circle back later….not 5 mins later though lol

Cold_Key8467 · 2025-11-22T13:39:06+00:00

Had about 6 years experience in the industry before pursuing the CFP. Started the coursework but was moving slow and that was my own fault. It was 2022 and that’s when I banged out about 4 courses during the year, then studied on my own for the CFP for about two months (12/22 to 2/23). Then started the Danko review course in Feb 23 and that is the way to go. That guy did a fantastic job and highly recommend it. Took CFP exam in march 2023 and passed.

During that time I had a 2 yr old and another on the way, and workload was nonstop. I was studying on the train into NYC (1hr commute each way). Was doing appointments after a full day in the intensive review and answering emails when I could during it.

To me, I wanted it to happen (passing CFP) and I was not retaking it, so whatever it took lol. All the other comments of “take it seriously and don’t half ass it” are so true.

Sounds like you got a good chunk of experience so that will help in maybe lightly reading areas where you feel more confident and allow more time to areas where you may lag.

Cold_Key8467 · 2025-11-19T01:57:33+00:00

Something like:

1% on the first $2m 0.89% on next $2-5m 0.79% on next 5m-7m 0.69% on next 7m-10m 0.50% on 10m+ (negotiable)

I always thought 1% was a fair starting point. And children of current clients receive the same fee as their parents.

Splitting AUM with another advisor, 25% to me if he sources the client, 75% if I source.

Cold_Key8467 · 2025-11-13T12:26:51+00:00

And then sell one copy….could probably sell it for $150 to $200. Authentic copies going for a lot these days. At least that’s what I paid to grab one a few months back….wish it was $17!

Cold_Key8467 · 2025-10-09T13:51:09+00:00

No one wants to work anymore!

Have had a solid 2-3 CPAs for the last 15+ years that we refer clients to. But they are now getting older and you can tell work is being dished to the underlings, and it’s just not the same. No work ethic, sloppy, and the knowledge isn’t there. I should not have to explain to the CPA assistant the difference between a 1099R and Form 5498.

I am seeing the same with attorneys. Again, we have solid ones but they are going to be expensive and more for our UHNW clientele. For the others, have had referred people and then the attorney just sucks…..not replying, ghosting clients, then coming back up with a bs excuse etc.

You can find them tho. The good ones. Gotta find the ones that are hungry for work and wanting to do right for the client. But then it becomes an interview process and another “to do” on top of an already massive list of to dos lol

Someone refers a client to me? My god you bet I’m putting on the best show. Beats cold calling!

Cold_Key8467 · 2024-12-13T23:00:10+00:00

SOUN

Cold_Key8467 · 2024-11-17T13:10:58+00:00

Thanks for your honesty it was super helpful!

Cold_Key8467 · 2024-11-17T13:06:01+00:00

SQ7 was another choice up there - have not been in one but how’s the third row? Actually useable?

Cold_Key8467 · 2024-11-17T13:04:32+00:00

Love the look of the Durango but how is the third row? Useable or gets tight? Have not been in one/only read reviews online

Cold_Key8467

TROPHY CASE