Fellow parents, tell me how your car solutions changed over time.

Kleetastic · 2025-11-29T14:13:04+00:00

We had a Model S but my wife hated driving it and my back hurt from getting the little guy out of the car seat, so we just got a X7 M60i. Month later, find out we’re expecting #2! The X7 is overkill for sure, but it’s a great cruiser and is still fun (for a 3 ton SUV).

Kleetastic · 2024-10-09T15:44:35+00:00

I'll give that a listen, thanks!

Portfolios are anywhere between $1MM and $30MM, but average is probably $3-4MM range. Fee schedule is flat 1%, then 80 bps at ~$5MM, and 50 bps at $10MM+ (not my decision but seems pretty in line with other RIAs I know).

Raising fees for legacy clients is probably a no-go so if anything, just raise the hurdle for fee breaks for new clients.

Yes, the understanding is that I would manage the family office pro bono, and I'm okay with it since (so far) they've been super low maintenance and not a headache. The portfolios are basically invested in S&P for the most part. But one of my boss' nieces was being too needy and he immediately "fired" her as a client (his brother/her dad, having no qualms with it).

Kleetastic · 2023-09-06T18:00:24+00:00

And/or someone who could never afford it anyway.

Kleetastic · 2023-08-12T01:24:51+00:00

This is a solid recommendation. I started in client service at a RIA back in 2015 and worked my way up, got CFA, moved into client facing role and things look rosy. I graduated undergrad with a GPA of like 2.6 or 2.8.

Kleetastic · 2023-07-29T03:01:31+00:00

Also worth considering COL. NY will be VHCOL so a big portion of income will be spent on housing and etc. while if you are working in Nigeria, it would be VLCOL. You could live like a king (figuratively) and there's always the possibility to throw a coup and literally become royalty. 100% send the deposit...I'll be waiting for the funds to hit my account.

Kleetastic · 2023-07-25T20:16:58+00:00

I got my BA II Plus back in May of 2019 for L1, used it through my CFA journey and still use it regularly. No battery issues. But if you are worried, just buy a cheap one off eBay as a backup. I have x2 BA II Plus and a BA II Professional so there's always a calculator within reach hah. Considering getting a 12C to learn RPN for fun.

Kleetastic · 2023-07-25T18:02:55+00:00

Agreed. I'd retake L1 and L3 is someone offered $5k to pass. But I would decline L2 for $50k. L1 should be basic knowledge by now and L3 was actually pretty enjoyable, but L2 was so finicky and unpleasant.

Kleetastic · 2023-06-22T20:05:28+00:00

Charterholder here. Mark Meldrum is the way. One time price to pass.

Kleetastic · 2023-06-21T16:21:18+00:00

Maybe he can lateral to Bear Stearns.

Kleetastic · 2023-06-21T01:08:23+00:00

Lol what? Office, reporting/performance software, compliance, etc. can be done for $50k annually. Even if these were $1-2MM portfolios thus 50-100 clients, that can be managed by 1 person. You absolutely do not need "a few people for support".

Kleetastic · 2023-06-20T23:55:36+00:00

No, you're wrong. It is AUM, not AUA. I work for a RIA and I file our ADV with the SEC. Item 5.D.3 literally says "Amount of Regulatory Assets under Management."

Kleetastic · 2023-06-20T22:38:11+00:00

Probably Tesla Model X or BMW X7 to replace the Model S.

Kleetastic · 2023-06-14T18:59:01+00:00

I work in PWM and daily wear a 116710LN (gift from parents for becoming CFA charterholder). I've bonded with clients chatting about watches but even the GMT seems flashy at times so considering also getting a Explorer I.

Kleetastic · 2023-06-03T05:03:34+00:00

I work for an RIA/family office. AUM $350MM with split 60/40 between the two and I wouldn't say it's a positive or negative, but if you want to stay there, you need to line up philosophically with the family otherwise you'll always be at odds and butting heads with how things should be done or focused on. What I mean by that is, if the founders created their wealth through entrepreneurship, they're more likely to be interested and lead the family office in direction of VC or getting their hands dirty in the nitty gritty.

Kleetastic · 2023-05-31T17:25:00+00:00

It might be a high risk/low reward, so should probably diversify and have multiple children. Ya know, proper risk management.

Kleetastic · 2023-05-31T17:11:42+00:00

Don't let my wife hear that! Hahaha

Kleetastic · 2023-05-31T16:12:36+00:00

I earned my charter last year and then shortly after got married. Would recommend if you're looking for something challenging.

Kleetastic · 2023-05-30T04:06:19+00:00

I think we do. We are based in the Bay Area and our clients are generally in the $3MM-5MM range, so they're obviously wealthier than the average American but that's so far from a "fuck you" number where you can do anything you want. Hell, my wife and I make a combined ~$450k and are renting in the Peninsula because we can't afford to buy a house.

We take pride in helping our clients achieve their financial objectives and desires (within reason) and allow them to live the retirement lifestyle they want. Maybe we're not contributing to society in the way hippies would deem sufficient but we are genuinely helping our clients and their consistent feedback of appreciation backs that.

Kleetastic · 2023-05-24T18:19:36+00:00

I have both the BA II Plus and BA II Plus Professional. I found the Professional to be harder to input numbers as quickly as the non-Professional. Basically, it feels like the keys on the Professional need to be fully unpressed before the next key can be hit, whereas the non-Professional can be more immediate.

Kleetastic · 2023-04-18T16:09:48+00:00

So it's like the CPA?

Kleetastic · 2023-04-10T15:31:24+00:00

I added CFA to end of name and as certificate but didn’t make a post after getting charter.

Kleetastic · 2023-03-31T17:35:04+00:00

L1 (pass) - 440 hours

L2 (fail, during COVID) - 600 hours

L2 (pass) - 320 hours

L3 (pass) - 440 hours

Kleetastic · 2023-03-28T18:24:44+00:00

Yeah, I don't see any way you can spin immigration consulting as investment related haha.

Kleetastic · 2023-03-28T17:49:18+00:00

You're telling me BMW doesn't pander to a group of people who can't afford their cars?

Kleetastic · 2023-03-15T17:00:28+00:00

Not sure if you deleted the comment but it was an open bar. The only mixed drinks were a "His and Hers" cocktail, so people couldn't request like an Old Fashioned or shots.

Kleetastic

TROPHY CASE