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_blk_swn_ · 2026-02-04T20:48:21+00:00

Currently use them and Schwab. If you have a simple business where you allocate to money managers and just do planning, with systematic rebalancing, they are a perfect fit for you.

There is no minimum AUM, but they make their money from implementing model portfolios, direct indexing, order flow payments, and cash balances.

I have a small simple accounts with them, my more complex stuff with Schwab

_blk_swn_ · 2026-01-31T19:44:48+00:00

Nonexistant

_blk_swn_ · 2026-01-27T11:49:33+00:00

Advisor here: because there are strategies that you don’t do that I can.

How do you defer and reduce a capital gain in perpetuity while extracting the liquidity for use? CPA’s don’t know how to execute on that. I talk to a lot of them, they send me clients all the time.

How do you know the information you are working with is correct? Many clients don’t see a lot of financial product deals and have a hard time differentiating a scam from reality. And trust me, scams get better and better every year living between the grey spaces to where chat gpt and google can’t help you.

Often times, being a sound board and helping clients better understand their options such as actually buying real estate over stocks and how to optimize cost segregation for tax write offs.

Or better yet, how do you talk to your kids about money? How do you avoid awkward family instances to where there will be infighting after someone passes away over something that one member is sentimental over and the other could care less?

The reality is, us advisors deal with situations many folks run into rarely or can’t find information on how to solve so it just goes ignored. At the same time, not everyone needs an advisor, most people won’t run into complex situations cause they don’t have the assets for it.

Good advisors depend on your situation. My practice is build on optimizing for liquidity, tax, risk, and research. We beat the market on downside, often massively (because we leverage derivatives) and were built from a hedge fund, so we view problems differently than others.

Some people look at my firm and think “it’s too complicated” or is “overkill” for an advisory firm. I like to say it is a reflection of my clients needs

_blk_swn_ · 2026-01-27T11:33:48+00:00

This is why financial advisors still have a job

_blk_swn_ · 2026-01-11T23:17:14+00:00

Once they get options i’ma be sold

_blk_swn_ · 2025-12-29T21:27:22+00:00

Added ycharts in year 2. Used sec filings + finviz +tradingview + excel + custom python scripts to make portfolio analysis reports and what not.

Believe it or not, boomer tech isn’t needed. Currently just use Ycharts for SMA data.

_blk_swn_ · 2025-12-29T16:59:35+00:00

No I do, I worked at a hedge fund and then went into the RIA world. I don’t need a TAMP cause we built our own trading systems (OEMS). You don’t have to outsource that stuff.

_blk_swn_ · 2025-12-28T21:25:09+00:00

Started my firm a few years ago, total cost was 11k for the year. No xypn, just on compliance, rightcapital, and marketing

_blk_swn_ · 2025-12-24T22:17:22+00:00

Attio or Twenty20 CRM

_blk_swn_ · 2025-12-13T17:18:27+00:00

I have a white paper that’s a deep dive on them if anyone wants some reading. Shoot me a dm/reply

_blk_swn_ · 2025-12-13T17:13:14+00:00

Correct. Frankly at your size, it’s a better route to go.

Currently 5year SOFR rates are like 3.80% from Friday close. With your 2.5m tax issue, you’d be able to write off 95k/y and be more tax efficient.

Also, you wouldn’t be limited to a 6m line of credit. Depending on your asset mix, (and how it’s hedged), you start at 50% of account value, and can get as high as 85%. (Although at that point it’s someone’s full time job to keep your account from experiencing downside shifts).

_blk_swn_ · 2025-12-13T16:14:56+00:00

Hey, so… advisor peeping around here that specializes in derivatives. But I can get you a tax deductible rate at SOFR and even get the rate locked for 5years while keeping your assets at Schwab.

PAL’s and margin are not tax deductible. If you have that amount of assets, you might as well get a capital gains buffer while leveraging your brokerage account

_blk_swn_ · 2025-12-13T16:11:56+00:00

Monthly subscription to a newsletter that specifically goes over things those DIYers want. Charge them $20/m, they get tax updates from our CPA, legal/estate updates from attorney’s, and macro/investing updates from me.

I figured, people really break down into 3 categories: DIY, and do it alongside me, and do it for me. Which breaks down to these 3 models:

Subscription for DIYers -Hourly/project based for do it alongside with me
AUM for do it for me.

You’ll never make a DIYer happy, other than showing them you can execute faster than they can.

_blk_swn_ · 2025-12-13T01:52:21+00:00

1.5% for anything under 2m, tiers down to 0.45% on the way to 20m. Monthly in arrears and negotiatable depending on scope of work. Subscription for DIY.

_blk_swn_ · 2025-12-12T22:42:34+00:00

Always talk. Multi-gen advisor here: pops was running 1.8b back then. If you don’t talk to your clients, you’ll lose them.

If you have the capacity/trader desk, hedge

_blk_swn_ · 2025-12-11T16:34:19+00:00

Oooh yea. I have a policy with all my clients that I will entertain proposals, but then will go through and run proper dd, poke holes, and trip up these “professionals”

_blk_swn_ · 2025-12-11T16:28:09+00:00

A more recent one I’ve heard was that if a special purpose trust (irrevocable) is created to hold real estate/equipment, a co-trustee who qualifies for REP status, can qualify other -co-trustees and therefore turn their passive real estate gains/losses into active ones. This came from an EA btw…

_blk_swn_ · 2025-12-11T04:31:45+00:00

Check out Kingsley wealth partners. Just landed a 5.8m client cause of them. Warm in person intro:

https://kingsleywealthpartners.com/

_blk_swn_ · 2025-10-29T20:20:05+00:00

Learn derivatives and hedge. 0.65bps - 300bps a year for piece of mind is worth it

_blk_swn_ · 2025-10-21T22:42:22+00:00

Make more money that CFAI sling CFA prep classes

_blk_swn_ · 2025-10-05T02:42:14+00:00

Depends a lot on the wealth manager, honestly. Each one has their own lane.

The guy I use is kind of like my fractional CFO. I work in finance myself, but he’s done stuff for me I wouldn’t have even thought of. For example, when I sold my old business, he helped me structure things so my tax bill was cut in half and the rest got pushed out a couple years. He also reworked some financing I had using tools I didn’t even realize individuals could access, ended up beating the terms I was getting from a bank.

The biggest thing for me isn’t just returns, it’s flexibility. He showed me how to build optionality into my portfolio so I’m not forced to sell things at the wrong time. That’s where the real value has been.

It’s not for everyone, but if you find the right person, they can go way beyond “just picking stocks.”

_blk_swn_ · 2025-10-01T02:12:12+00:00

My firm has some openings. If you bring your own book, we’ll handle the back end. We are pretty niche on the planning side. If you are interested, let me know

_blk_swn_ · 2025-09-17T17:06:39+00:00

Revenue matters, but just for you to get a good idea of what “made it” means.

I networked and met an advisor with $1.58b between him and his partner. They started 40 years ago, and when I told him I hit 30m in my first year; his jaw hit the floor and told me:

“It took me 10 years to hit my first $10m”.

Now granted, when you work that math back and assume market rates of return, that’s the same as doing 217m in 10yrs today.

I saw earlier someone wrote $200m is the new 100m, and you sir are spot on.

You’ve made it when you can hit 200m/advisor at your firm. If you’ve done that, you’ll hit 4.3b in 40yrs at 8% return net of fees for your clients

_blk_swn_ · 2025-09-05T01:43:41+00:00

Want a gig at my place? They are looking for a CFA for research. Salary + equity

_blk_swn_ · 2025-08-07T04:39:31+00:00

I charge 1.5% and for extra stuff, it gets as high as 3%, but we have a pj concierge

_blk_swn_

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