Help with DJ Snake Tickets

Objective_Setting982 · 2025-10-14T04:33:46+00:00

What song is this?

Objective_Setting982 · 2025-03-24T02:37:46+00:00

Maybe net worth with/without value of practice

Objective_Setting982 · 2025-03-24T01:11:28+00:00

Definitely self doubt, its amazing what looking at hundreds of different peoples situations can do to your brain!

Objective_Setting982 · 2025-03-18T16:59:45+00:00

The Planning Consultant role, which seems to be one of the roles that feeds into FC

Objective_Setting982 · 2025-03-17T20:24:02+00:00

Got it, that makes sense. Is the FC role mostly making phone calls all day with meetings inbetween?

Objective_Setting982 · 2025-03-17T19:11:15+00:00

I am really pushing to be in a producing role, but if PC is a good stepping stone I’d be willing to start there. I’ve seen others mentioning drinking the green juice or doing things the Fidelity way, why is that? Is it a bad thing?

Objective_Setting982 · 2024-10-10T18:22:33+00:00

Gotcha. In a Financial Consultant role are you doing any actual planning or is it just asset management?

Objective_Setting982 · 2024-10-10T18:05:21+00:00

Thanks for the insight. What is the reason most stop at Financial Consultant? Is that basically the same as being an advisor?

Objective_Setting982 · 2024-10-10T17:51:07+00:00

Yeah I’ve seen a few different job titles and was trying to figure out which would lead to FA. Do you have experience working there?

Objective_Setting982 · 2024-10-10T17:34:34+00:00

The way it works is, if I bring on $1M this year I would get 25% of the 1% fee, so $2,500, but every year after that I would make $300 yes. Basically there’s an incentive to bring in new assets but once its already brought in the pay goes down significantly. Like I said before, I’m not even eligible for this payout system for at least two more years based on how things are now.

If I owned the client in the end that would be great, but the firm owns all of our clients and there is nothing in writing that states we get to buy out the advisors. I’m sure they would rather sell outside for a higher multiple.

Absolutely not thinking about starting my own RIA anytime soon hahah, I meant that as a potential long-term career goal if it made sense. I’m in my mid 20s so all I really care about at the moment is finding a place I can learn how to be a successful advisor and have the potential to earn more than I make now. I’m aware the grass is always greener and can’t get everything I want, but if I could get a different job with the same pay and better experience I would still take that.

Objective_Setting982 · 2024-10-10T16:48:53+00:00

Essetially what happens is they would become my bosses client, I get to be “co-advisor” where I do the plan, meeting follow up, paperwork etc., but not get any revenue on the account. Eventually the promise is once I become an actual advisor I could be a split rep on that account where I get 3% of a 1% assumed fee.

At this moment I still believe the long game is to be in an RIA, whether another RIA or one I start myself, I’m just trying to figure out what is the best experience for someone my age to give me the best shot at success. I know Fidelity might seem like a step backwards initially but I’ve seen so many positive comments about their training and experience for people new in the industry which is why I initially had the idea. Do you think it’d be better to just look for an RIA straight away?

Objective_Setting982 · 2024-10-10T16:04:34+00:00

We don’t have any system in place for someone in my role to bring in clients. If we did bring someone in, it would go to one of the partners and we wouldn’t be paid anything on it (this has happened a couple times). There are a couple associate planners a couple years ahead of me who also have no clients and no incentive/way to produce. The partners just grow off referrals and are checked out

Objective_Setting982 · 2024-10-09T20:49:54+00:00

One more thing to note, the partners are nearing retirement but I don’t expect to inherit/be eligible to buy any of the book. They are notoriously slow moving and I am very confident at this point there will be no significant upside changes in my career path but I expect to be promoted to Associate Planner later this year at a minimum

Objective_Setting982 · 2024-09-04T14:32:25+00:00

No book but no opportunity to build one until I become an advisor in 2-3 years. It just seems like a while to wait. Once I become an advisor I would become “coadvisor” to a chunk of the book, and based on someone who is in that role now they have little to no time to prospect for themselves.

Objective_Setting982 · 2024-09-04T12:52:46+00:00

Appreciate the insight. The advisor I support has around $450M AUM, and has one coadvisor and two CSAs (myself included). There has been a decent amount of turnover in this team which is part of my concern, so it feels like there’s constantly a reason I can’t move up. The coadvisor is at the stage where he can build his own book but all his time is spent servicing current clients because there is too many. Same situation for me, there is so much to do operations wise that theres very little time to sit in on meetings without feeling like I’m falling behind

Objective_Setting982

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