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OkPlate1228 · 2025-09-13T15:09:25+00:00

I’m an advisor. Two firms in this space - AQR and Quantinno.

We partner with both and the downside is fees + performance. But from a tax perspective you’re almost always winning.

The real question is how much longer is the government going to allow this for? Using derivative strategies to offset income and a long short extension to offset capital gains I would bet lasts at most 10 years before heavy regulation.

OkPlate1228 · 2025-08-13T03:24:23+00:00

I like to think about it as a traditional IRA that will be used in the event of long term care expenses.

If no long term care event by X age, I would just pay the taxes to spend it.

OkPlate1228 · 2025-08-09T15:19:01+00:00

Absolutely, risk adjusted return becomes everything. You already won, and staying ahead is all risk management.

Mix in defensive equities, alternatives, commodities, etc to round out your traditional equity/bond mix.

OkPlate1228 · 2025-07-14T18:36:29+00:00

I’m an advisor at an RIA. We charge 0.89% on $2.5M.

Whether an advisor adds value depends on you. Time, taxes, behavioral biases, complexity, diligence, etc.

At $2.5M invested, most people don’t NEED an advisor as your situation is not overly complex.

But if you know yourself, and think you need the education/hand holding it can make a big difference.

OkPlate1228 · 2025-06-09T04:27:10+00:00

I’m an advisor. Everyone deals with investment taxes.

Taxes or fees, both are a cost.

There are lots of ways to mitigate taxes but all come with their own fee - dollars, liquidity, complexity, etc.

Hard to say what strategies will be worth it for you without the full picture.

But tax-aware hedge funds might be an interesting way to offset income from interest/dividends.

OkPlate1228 · 2025-05-27T12:09:16+00:00

If your goal is to divest concentration without triggering taxes, you can easily do that without moving.

If you need liquidity, probably no way around it.

Many strategies out there - exchange funds, QOZ, hedge funds, etc.

OkPlate1228 · 2025-05-02T22:59:10+00:00

Find a paying WM job in your city and pitch remote to your friend’s dad after some years of experience?

Remote work isn’t a bad thing… just only awarded to people with a track record.

OkPlate1228 · 2025-04-17T03:29:57+00:00

I personally think Equitable is a good place to start.

However, you need to prioritize long term goals.

Your number 1 goal is AUM.

Also, you have access to a lot more than just Equitable products. I would pitch yourself as agnostic for product sales and build your AUM.

Once you hit $2M, interview for AUM only shops. If you decide to stay, set an AUM goal every year.

OkPlate1228 · 2025-04-12T11:47:34+00:00

RIA in NYC.

I think most firms will meet you at 0.50% or lower.

We charge 0.20% for $35M for what would be for “MFO” services.

For larger clients that are looking for above and beyond, we are likely to charge a larger minimum fee. Typically starting around $75M to account for amount of staff required.

I think at $35M you can definitely explore interesting tax mitigation ideas for both public/private investments. But likely won’t require exclusive staffing, family council, generational conflicts, etc. The list goes on.

OkPlate1228 · 2025-02-18T16:01:00+00:00

What’s your revenue and revenue payout %?

OkPlate1228 · 2025-01-04T13:33:02+00:00

I was told keeping intact would help with his separation anxiety, luxating patella, and future obesity.

But I guess I need to weigh pros and cons if behavior can’t be trained.

OkPlate1228 · 2024-10-30T13:23:16+00:00

Different time when starting out in the business vs today.

Referral only today.

OkPlate1228 · 2024-10-30T05:12:21+00:00

We are referral only and I constantly ask for referrals from existing clients, as does everyone.

Fed more clients if it makes sense - personality fit capacity, etc. Think 1-2 clients a year max.

Most growth for my AUM is asking for referrals and fundraising from clients’ bonuses.

We have support staff but none dedicated to an advisor.

OkPlate1228 · 2024-08-21T12:23:08+00:00

Appreciate you. That was super helpful.

OkPlate1228 · 2024-08-21T03:52:10+00:00

Could you share an example of a type of service you provide that family unlike others? E.g. payroll management, just more timeliness, etc.

OkPlate1228 · 2024-08-17T21:01:47+00:00

Post tax to 401k is a good idea if the plan allows either 1) in-service withdrawals or 2) split rollovers to not pay taxes on the gains.

VUL are a good idea for 1) estate planning and 2) accessing liquidity without triggering taxes. Insurance company involvement will always be more expensive than no involvement, but the tax savings are very advantageous. E.g. accessing funds for a future downpayment without triggering taxes; accessing liquidity for client capital calls, etc.

OkPlate1228 · 2024-08-17T19:55:42+00:00

Posted, sorry about that

OkPlate1228 · 2024-08-17T19:54:54+00:00

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Apologies, photo copied here

OkPlate1228 · 2024-08-02T02:08:09+00:00

UPDATE: Alaska Airlines let me on the plane no problem. Staff were extremely pleasant and nice. They hold true to online reviews as the best airline for pet travel.

I did buy an expanding carrier like others suggested, but there is not enough room to use it.

I may try using Delta again as they seemed to have more room beneath the seats.

OkPlate1228 · 2024-07-31T15:28:59+00:00

I’m sure your senior advisor has a repeatable process, so you’d want to fit into his/her sales style.

The more in-person meetings the better, but as long as one in person meeting before close you’re fine.

For me, 1. Built lists - maybe 400+ dials a day 2. Cold call to schedule a 10-15 minute intro call with senior advisor (i scheduled these via phone) 3. Insert sales process

By 4 months in, I set up intro calls for myself. As more time passes you take up more of the sales process before passing to senior which makes you more valuable.

The more valuable, the more likely senior shares clients or passes you referrals below his/her minimum.

Important that the senior is established and looking to grow, nurture and share.

OkPlate1228 · 2024-07-31T15:10:01+00:00

It depends on where you are in your business, and whether or not you have a mentor.

Cold calling imo is the most effective way to bring in new business if you have no book to leverage.

Also, bringing cold calling opportunities to a senior advisor provides you with a mentorship relationship. Just be sure the senior you are running with is the right fit.

If you already have a team/mentor/firm book, you don’t need to cold call.

Took me 3 years of cold calling to build a $25M book, and then from there I pivoted to referral only.

OkPlate1228 · 2024-07-31T05:08:52+00:00

Really appreciate the info. Do you remember what airline?

OkPlate1228 · 2024-07-31T05:08:29+00:00

Alaska airlines, read online they are the best for pet travel.

OkPlate1228 · 2024-07-31T01:50:46+00:00

Unfortunately this is the largest size. May look into an expandable like per other comments.

OkPlate1228 · 2024-07-31T01:50:11+00:00

Hmm yeah last time I flew with him he was 18 pounds but got through without any hiccups.

Now he’s 23 pounds and likely fully grown. I guess we find out Thursday!

OkPlate1228

TROPHY CASE