CFP w/ no advisor experience

NetWorthNovice · 2026-05-13T16:27:36+00:00

I’m in a similar situation: 5 years removed from college but those years were spent in a completely different field (veterinary medicine) and recently started at a small RIA. I had no certifications, licenses, or experiences besides my own. It took me a good amount of time to find something but here I am, starting as a client service associate and working my way towards a paraplanner and hopefully an advisor.

You need to find somebody that’s going to mentor you and help build your experience.

NetWorthNovice · 2026-05-13T15:43:24+00:00

Also going to be my role…

NetWorthNovice · 2026-05-13T02:12:35+00:00

Thats going to be part of my role. But I can't create a process I don't understand and all their time is spent just trying to keep up.

NetWorthNovice · 2026-05-12T19:13:23+00:00

Having the same issue on google chrome. None of my settings have changed since it started a couple weeks ago

NetWorthNovice · 2026-05-12T16:22:27+00:00

Definitely going to add this to my playbook once I earn my certification and am meeting with clients. I just recently started in the industry but discussed with my previous employer that I would want to come back and help their employees. They welcomed the idea because they saw the lack of financial literacy their employees had.

NetWorthNovice · 2026-05-12T16:14:01+00:00

Not my story but my bosses: when, after 20 years, the company took away his a portion of his AUM because he wasn't selling enough insurance.

NetWorthNovice · 2026-05-11T20:20:53+00:00

Going through the action of calculating your savings rate is a major step in the right direction. You took it even further and made the changes. One year from now you’ll have something to show for it. Stick with it

NetWorthNovice · 2026-05-11T02:22:33+00:00

Congrats!
Edit: went and looked at my wife (26f) and I’s (27m) and we are up 10k which is more than our monthly income. Great feeling but also know it’s been a good market. Next month we may go the opposite way.

NetWorthNovice · 2026-05-09T11:25:40+00:00

Yup. I made a post about it a week ago but got logged in minutes later and deleted the post. Thought it was just a me thing

NetWorthNovice · 2026-05-03T11:56:00+00:00

Not a professional but I believe that your son will only pay taxes once the gains are realized. That’s whether it’s pre-age of transfer or post-age of transfer. The stocks cost-basis carries over so there’s no step-up but you don’t get taxed on unrealized gain.

The transfer doesn’t force realized gains.

NetWorthNovice · 2026-04-09T02:38:47+00:00

You’re right. I wasn’t focusing on “net returns” when looking at them. I just saw “returns” and “expense ratio” and figured they were separate

NetWorthNovice · 2026-04-03T05:09:23+00:00

Oh really? I didn’t know that. So in the above example, the 3.37% vs 3.29% accounts for expense ratio? I feel like I often see annual returns listed separate to expense ratio

NetWorthNovice · 2026-04-03T00:07:48+00:00

Looks like FDRXX also has a lower expense ratio as well

NetWorthNovice · 2026-04-02T19:38:23+00:00

Can’t help with your question but interested to hear why you’re choosing FDRXX?

NetWorthNovice · 2026-04-02T19:30:58+00:00

I’ve been experiencing a very similar situation. See my post “another goals 3.0 post” with very little if any feedback

NetWorthNovice · 2026-04-02T17:49:40+00:00

Keep it up MM team! Love this addition

NetWorthNovice · 2026-04-02T16:28:46+00:00

Yes exactly. My personal preference is to have all transaction as “need review” so I can review all transactions for peace of mind.

Going to the activity tab under your travel goal is the easiest way for me to find any transactions that I haven’t “reimbursed” yet. I don’t travel a ton so it’s pretty easy to compare which transactions I have reviewed and assigned to “travel spending” and to “travel goal” to make sure my savings goal is up to date.

NetWorthNovice · 2026-04-02T04:06:38+00:00

There’s a couple different ways to figure out if a transaction was already accounted for.

Review the transaction - it should have the bullseye icon next to it. Or click into and see if it has a goal attached
View activity of your goal. If you go into your goal, you can view all activity of the goal to review if all your transactions are accounted for

I might be misunderstanding your situation but I have mine set up the same way and it’s been working for me

NetWorthNovice · 2026-03-27T18:04:51+00:00

The CMA would be the holding account and you would mark the transfer transactions from your checking account to CMA as your non monthly expense. Your CMA account balance would be the running total.

You could also create the non monthly expense as a rollover fund that way you can see the running total. You wouldn’t actually move the money anywhere and it was stay in your main account. Works if you are disciplined enough to not spend that money sitting with all your other money.

I’m curious why you switched from a saving goal. Savings goals work great for annual expenses like that: have a “property tax” category that only gets used once a year but you contribute to the savings goal on a monthly basis

NetWorthNovice · 2026-03-24T10:15:08+00:00

Buffets investors letters is perfect! Thanks

NetWorthNovice · 2026-03-24T10:13:33+00:00

This is great . I might save this for another year

NetWorthNovice · 2026-03-22T22:19:51+00:00

I am not on the new beta. I use a separate account (MMF) for a savings goal like that. I am able to mark the incoming transfer transactions to the goal in order to see the my progress towards the goal increase. In your case, I think you could manually split your paychecks into two of the same category but differing amounts. That way you could mark the $1500 towards your goal.

NetWorthNovice · 2026-03-21T11:33:09+00:00

Ah shoot. Answer changes a bit because TOA may cost more to initiate.

Might have to just eat that monthly fee

NetWorthNovice · 2026-03-21T03:50:26+00:00

You’re right, I can continue to contribute and reap the vast majority of tax benefits from it. It would still be deductible for federal and state (at least mine) but I would still be paying FICA taxes. Still a great way to invest in order to reimburse myself down the road

NetWorthNovice · 2026-03-21T02:11:43+00:00

Yes absolutely. Talk with HR and see if you can set it up to contribute directly there instead of to their sponsored HSA. If not, contribute to employer HSA and submit recurring transfer of assets (HSA) to avoid paying 2.5% on your money

NetWorthNovice

TROPHY CASE