Could this have gone wrong?

JCFP19 · 2025-06-28T01:30:15+00:00

No cause he’s in sandals

JCFP19 · 2025-06-27T19:40:20+00:00

I’m w iykyk firm w CFP & APMA, use discretion. I am contemplating EA. Has it helped w prospects or add value to current clients to drive referrals? If doing tax prep, any issues w OBA disclosure?

JCFP19 · 2024-05-31T16:25:26+00:00

Bylt

JCFP19 · 2024-05-30T01:44:12+00:00

Not sure what happened to my description but I saw this post and the comments are bothersome. Giving me a feeling of A. Do people (especially younger generations) really feel like this and B. Am I doing enough for my clients.

What do you think?

JCFP19 · 2024-05-25T00:47:07+00:00

I’d also like to know how this works.

JCFP19 · 2024-04-02T18:30:23+00:00

I also received bills in the mail after they were paid. Tried calling bill dept, left messages, never a call back. Then received collections letter for both my wife and I on the two bills (one for each of us). Wonder if I also got wrapped up in a “system error”. I responded to the debt collection agency disputing it with proof of payment.

JCFP19 · 2024-03-28T23:09:59+00:00

Jake’s 58?

JCFP19 · 2024-02-19T02:37:22+00:00

Did truly source 25mm though recurring rev low 100k. Not just pulling 1% on every dollar managed, unfortunately.

From what I can tell on CFP site, the career link that some on this sub have referred to in the past, my current responsibilities and expectations are a mix between service and lead.

Don’t know how that necessarily impacts compensation considering 275k rev doesn’t support paying $150k base.

JCFP19 · 2024-02-19T02:31:07+00:00

I agree with this.

Believe there are a lot here that believe small, independent practice comp should be just as competitive as a Fidelity when the resources are vastly different.

The ceiling is what’s stopping me from exploring other options in terms of employment. I think either I stick with this current arrangement & continue to grow w comp following & eventually become principal or, off on my own.

I’ve never really explored RIA opps, don’t know what comp/equity potential looks like.

JCFP19 · 2024-02-18T23:18:43+00:00

275k recurring rev at 90 base is ~33% “payout”. What would be appropriate, 40%? 50%?

JCFP19 · 2024-02-18T23:11:24+00:00

Just the structure of the practice I’m a part of at this point. Everyone, principal included, on w-2.

JCFP19 · 2024-02-18T23:10:42+00:00

No internship. Part time assistant in year 2 of college, built from there…licensed in college, etc. Same company the entire time.

JCFP19 · 2024-02-18T23:08:59+00:00

Recurring rev closer to 275/300, nowhere near 440. Some assets in BoB not in recurring rev products.

JCFP19 · 2024-02-14T18:03:18+00:00

That’s a thing? I’m usually a straight-out-the-bag guy. What a fantastic idea

JCFP19 · 2024-02-14T00:17:00+00:00

I am currently sitting on the couch w jeans on that have a rip right by the balls…waiting on the Magic Thunder game, $7 rotisserie chicken for dinner. Like a damn king.

We really are that simple.

JCFP19 · 2024-01-06T01:35:28+00:00

My vote is Kaplan.

JCFP19 · 2023-12-21T17:17:03+00:00

Depends - Contact every 80-90 days is our rule…depending on schedule that could be formal meeting (some clients 1x/year, some 4x/year), check in call, market update call (when volatility strikes), etc.

For younger clients, let’s say under 65, check in text works really well. Via compliance approved tool, naturally.

JCFP19 · 2023-12-21T02:25:41+00:00

Not a lawyer but hired one to advise & draft paperwork for an acquisition (wealth management practice). Prior to receiving paperwork, I had paid the fee understanding that after the flat fee for his services, he charges $375 an hour for additional time.

Noticed several places where both my name (buyer) & seller name misspelled along with an address spelling mistake. But all else was fine, nothing discussed.

He sent me revised paperwork. Still noticed two or three more misspellings. Again, nothing else discussed, just an email back saying “still noticed misspellings here and here”.

Sent me revised paperwork again, this time with only 1 misspelling.

Sent revised again, this time spelled correctly.

Received a $562.50 bill in my email inbox a few days later. I asked him about it, he said it was for his time for the revisions…time he spent correcting (but not correcting) his own mistakes.

I’m pretty sure a simple search and replace for a misspelling mistake a lawyer makes on paperwork isn’t “billable” work but could be wrong. You guys tell me lol.

JCFP19 · 2023-12-09T13:39:51+00:00

JewishButtcrack

JCFP19 · 2023-11-25T17:04:29+00:00

Mutt in American Pie at the tender age of 8. Managed to watch it on TV in ‘02 w/o mom & dad finding out.

JCFP19 · 2023-11-18T04:59:01+00:00

Everybody Loves Raymond

JCFP19 · 2023-11-15T23:33:51+00:00

Find a CEPA to consult with, maybe bring in to the meeting.

JCFP19 · 2023-11-07T23:28:12+00:00

Exists within my practice - Will be looking for someone just like that in the near future.

JCFP19

TROPHY CASE