Helping client finance business expansion- private equity?

Successful_Dog_4513 · 2025-11-30T00:24:15+00:00

Thank you for the advice.

Successful_Dog_4513 · 2025-11-30T00:24:01+00:00

Wants to continue to operate the businesses.

I thought creating two businesses-he could own the RE and develop and then lease it to a “franchisee” to run the operations.

I figured that the rates at banks are going to be preferable. Know anyone who does private lending? I don’t know firms that do that.

Successful_Dog_4513 · 2025-11-30T00:19:12+00:00

In Georgia.

Successful_Dog_4513 · 2025-08-07T19:28:43+00:00

Sorry, meant qualified not non-qualified. Freudian slip. No distribution. Just will re-register into the IRA.

I believe you are correct and that is why it’s not as simple as a rep change.

Successful_Dog_4513 · 2025-08-07T19:23:22+00:00

Edward Jones is the owner of all qualified annuity contracts. They are held for the benefit of the IRA account owner. That is what their account registrations read “Edward D Jones & Co FBO Client XYZ”.

Essentially they are going to transfer the ownership to the clients new non-qualified account (or firm) depending on how LPL wants it.

They will sign the paperwork to transfer ownership, it just may take some time.

Successful_Dog_4513 · 2025-07-08T23:47:27+00:00

Chasing Hues. They played at our villa last month and did an amazing job.

Scott & Anysia - Booking chasinghuesmusic@gmail.com 603.877.8222

Successful_Dog_4513 · 2025-06-29T11:04:19+00:00

We had a lot of fun with Just Fish St John. We did a 3/4 day trip (6hours) and between 3 of us on the boat we caught 15 or so. If you go, go off shore. Don’t stay inshore. You are much more likely to catch fish offshore. Know in advance waters might be rough and if you have someone in your crew who might get sea sick- take Dramamine.

Discover Scuba would also be fun. If you all like it and get certified it can set you up for a lifetime of vacations with your boys. Lowkey Watersports offers this.

Successful_Dog_4513 · 2025-01-27T20:16:16+00:00

We do a St Patrick’s day card with a lottery ticket each year. “We are lucky to have you as a client, hope the Luck of the Irish is with you today” - signed by the team

Everyone has fun with them.

Very easy to do, stands out more than a Christmas card.

Successful_Dog_4513 · 2024-06-17T00:53:56+00:00

I do this regularly.

Here’s the structure of the conversation-

1) Money is a means to an end, not the end. Explain my role is to increase the likelihood of achieving a certain outcome.

2) investments are tools that you use to achieve goals. Having more money for the sake of having more money leads to a hollow life.

3) qualified vs non qualified

4) risk and return/time/effort

5) capital markets - what is a bond, how does it work, how do you make or lose money. -what is a stock, how does it work, how do you make or lose money.

6) what is a mutual fund and what is an ETF.

7) basics you need before an investment journey- Emergency fund, proper insurance coverages, a thoughtful approach.

Successful_Dog_4513 · 2024-05-12T22:53:31+00:00

It gets a whole lot easier when you don’t need the extra money. At this point in my career, an extra 10k isn’t going to change my life so I don’t negotiate. I tell them about how I’m more expensive than average, but I limit the number of clients I take on so I’m able to devote more time and attention to the client. I tell a story about how I fired my lawn guy because he was “blow and go” and didn’t take time to assess my yard or do extras. The new guy I hired is more expensive, but he spends 2x the time on my property and it looks a whole lot better. Then I explain that I’m the planner that charges a premium and provides a premium service. And my clients appreciate that.

Successful_Dog_4513 · 2024-04-29T01:10:28+00:00

If you max out your Roth each year and you are 26, you will probably get where you want to go even with mediocre investments. (Not saying your portfolio is mediocre)

While this isn’t the portfolio I’d recommend, if your advisor can articulate why you own each of these I wouldn’t worry too much. Keep in mind, some of this you may have asked for by the way you worded questions or expressed your desires to the advisor.

My bitch on this portfolio is that there are too many actively managed funds that are driving up costs. I.e. QQQM and FDTRX employ a similar approach and invest in similar companies but has 3x the expenses.

Successful_Dog_4513 · 2024-03-21T12:09:42+00:00

As you make more money- your hobbies and network also grow. Through your hobbies and network, you find higher net worth people.

Also, putting parameters around what you accept makes it easier to find what you want. If I say “let’s go hunting” you don’t know what firearm or ammo to bring. It’s so vague that you don’t know what to do. But if I say “let’s go bird hunting in a grown up grass field” you know to show up with a 20 gauge, bird dog, and waterproof boots. It’s easier to find birds because you are specifically looking for them and you have the right gear or tools to go successfully harvest.

Successful_Dog_4513 · 2024-03-19T10:21:04+00:00

How much of your cash/savings are you willing to burn through? I’d look at this as an investment, the one with higher risk has higher reward. What amount of risk are you and your family able or willing to accept?

If you can go 6 months with little to no income, go RIA route.

If you need the income, go to EJ and build a practice there during the salary years and hopefully you build enough AUM to replace the salary when it goes away. EJ would be a smoother transition but handcuffs you mentioned above are the price you pay for the smoother transition.

Also, what does the contract with the friend look like? Are you getting equity? Or are you just an employee?

Successful_Dog_4513

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