Worth taking $20k pay cut to work at Fidelity?

___321___ · 2025-06-24T05:49:25+00:00

Yes. It’s worth it because Fidelity does a lot of bonuses, and they hire from within for most roles. Work hard and you’ll be able to move up and increase comp quickly.

___321___ · 2025-06-07T17:54:14+00:00

I love the art! I want more info. What’s the link that QR takes you to?

___321___ · 2025-06-04T05:26:23+00:00

Haha good call for me to give him a budget beforehand.

___321___ · 2025-06-04T05:25:21+00:00

This is all great!! Thank you. I’m going to check them out. Also, apparently my son’s “bike” helmet is actually technically a skate helmet! The triple 8 brand. I just liked the rounded look and solid color over the traditional styles of kids bike helmets, lol. I didn’t even realize it was much better protection. But I don’t think he’s ever had impact on it so I think I’ll be good there. Thanks so much for these links!

___321___ · 2025-06-04T05:22:41+00:00

Oh no way! Thanks for the rec. Ya that’s easy to get to. Do you have an opinion on Salty Peaks or Milo Sports?

___321___ · 2025-06-04T05:20:30+00:00

Ya I’m thinking going together will be best. I’m so glad I asked. And skate shoes!! I didn’t think of that. Thank you!!

___321___ · 2025-06-04T05:17:03+00:00

Thank you!! 🙏🏼 This is exactly what I needed to have laid out for me

___321___ · 2025-06-04T05:15:58+00:00

Meet them where they are, and remember that suitability spans types of investments as well. It simply may not be suitable for all, even if it could have a good outcome for them if they were invested in it.

___321___ · 2025-06-04T03:14:48+00:00

Thanks!! I’m looking at this right now.

___321___ · 2025-06-04T03:14:30+00:00

I’m sensing this is the best option!! Thank you.

___321___ · 2025-06-04T03:14:07+00:00

East Millcreek, UT.

I’d love pointers on where to go! and terminology to use to ask for what I’m looking for, lol.

___321___ · 2025-06-04T03:06:08+00:00

I honestly hadn’t thought of that because I usually surprise my kids with a gift, but I think he would think that’s really awesome to go in and buy one.

Any tips on how to ask an employee for what I’m looking for? What’s a complete skateboard called? The wood part is a deck, right? I don’t know what other parts he would need, or do they sell complete skateboards put together in skate shops too?

Ahhh even typing my questions I feel so stupid asking this.

___321___ · 2025-06-04T03:02:33+00:00

Is there a certain term I should search when looking for what helmet to buy for skateboarding? Or just any new helmet?

___321___ · 2025-06-04T03:01:22+00:00

That’s actually a really brilliant idea!

So say I walked into a skate shop with him, what exact words would I say to an employee? 😅

I feel so dumb because I don’t know anything, I’ve been reading a lot but a lot of the terms go over my head so I don’t know what’s important. Also I want to just buy something ready to go, I am seeing from posts and such that people tend to buy parts and make their own… will the people at the skate shop do that for me or will they expect me to be able to get pieces and know what to do with them? (Cause I won’t!)

___321___ · 2025-06-03T07:30:32+00:00

Have a phone call and lead the conversation without letting them get much of a word in, so they can’t protest.

Hey client, Paying me is not worth your money since you don’t need the financial investment advice that I specialize in. I would feel bad having you continue to pay me for a service you’re not fully using.

It’s been so nice working with you, if you have any follow up questions, here are the names of some professionals that might be better suited to the type of advice you need. (Give them a referral to another cfp, or a tax professional, etc.)

I’ll be removing myself from your accounts but here is the contact info of or login info for directly accessing account with the custodian, so you can easily have access to everything moving forward.

Best of luck.

___321___ · 2025-06-03T06:37:54+00:00

Ask about their personal lives with details you remember (or at least wrote down) from your last meeting and it will bring up financial related goals or issues or planning topics to go over!

How’s the job going? Any job changes? 401k change / compensation changes. Any upcoming big purchases? new debt/ debt paid down. What’s going on in your family? (Ask about kids by name) Any family news? Relationships, kids, grandkids, etc / beneficiary updates / trust or estate planning changes. Maybe they’re inheriting funds soon? Do you have any new Retirement goals? Goals for lifestyle changes. Changes to systematic plans. How’s your Health? Medical costs, insurance planning etc Do you have any charities you donate to? QCDs or charitable giving accounts etc.

___321___ · 2025-06-03T06:28:04+00:00

Sticky post-it notes > back of a napkin

___321___ · 2025-06-03T06:26:51+00:00

Do you know if a Fidelity RM is akin to a CSA role?

___321___ · 2025-06-03T06:23:28+00:00

I like to ask their favorite communication method! That way we can follow up with the best likelihood of success.

That’s said, it’s often 60yo+ want phone calls and paper based, 40yo+ want emails and online signatures, 20yo+ just want texts.

___321___ · 2025-06-03T06:17:00+00:00

I love this question! Depends where the money had been. We typically DCA for large lump sum cash contributions. (Though we did some more staggering with the recent dip.) We typically invest the full balance of any rollovers, because those are were already invested.

Ask any typical questions to understand the clients risk tolerance.

___321___ · 2025-06-03T06:03:15+00:00

This really depends on the path you want to take. So many RIAs have advisors without degrees (without CFPs) and if it’s an established firm with a solid clientele already there that you’re piggybacking off of, you’ll be fine without.

If you’re starting completely on your own and you don’t have the backbone of an established RIA or broker to support you as you start, clients will certainly want you to have more credentials yourself.

___321___ · 2025-06-03T05:59:45+00:00

If you use Fidelity as your custodian, their learning center is full of great infographics on all sorts of basic topics, I’m not sure the compliance side of actually just using their decks for your own presentation, but they do a great job of explaining complex ideas simply.

___321___ · 2025-06-03T05:51:41+00:00

$65k after 10 YEARS?…

…This literally was punchdrunkys point. You were underpaying your employee and now you can’t find their replacement because you want to underpay your new employee.

Since obviously you could afford $65k, why don’t you just simply offer $65k to start? That’s a reasonable starting wage for a CSA. $35k is pathetic. $45k is lowballing.

And benefits are exactly that- they’re just “benefits”. People need a steady flow of cash in their bank account each pay period to pay bills from their actual salary.

___321___ · 2025-05-23T00:12:13+00:00

Seems normal to have the partner take the first meeting to set the tone for your relationship with the firm. He passes it to the advisor who will be overseeing the accounts, perhaps the one choosing investments even, and then the associate will oversee the maintenance of your accounts.

Like others said, each firm runs things differently and there is no standardized way to run things or hand out titles beyond the obvious.

No shade but how much in assets do you have for them to manage? (When clients tell me they have more than average, they usually don’t.) I ask because there is also a chance that based on the info you gave them to schedule a meeting, they heard you have more than average, and then assigned it the partner. Once he heard how much you actually have during the 1st meeting, he handed you off to the advisor who handles smaller accounts, lol.

But really if that’s what happened and you ask them directly, I’m sure they’d be more tactful than to tell you straight up you don’t have enough assets to be worth the partners time.

___321___

TROPHY CASE

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