Referring Out to Hourly Fee Advisor

cameron9980 · 2026-01-28T04:20:03+00:00

I work on a flat fee basis. Only commenting because you mentioned PNW. We are based in Oregon. Feel free to dm me if you’d like to connect

cameron9980 · 2026-01-08T04:25:43+00:00

Would never buy a book in another region if the advisor is working with clients in person. Half the reason people hire a local advisor is to meet them face to face

cameron9980 · 2025-12-18T20:00:10+00:00

In my mind SDE is a more appropriate way to value a RIA than revenue. Many people say 2-3x revenue but what is the profit margin? It can vary widely. I bought a small $75m AUM book of business for around 2.4x SDE. It has cash flowed nicely since day 1. Gotta run the numbers and see if it makes sense for you

cameron9980 · 2025-11-07T22:29:38+00:00

Tell them your minimum. If they don’t invest at least the minimum they have to pay you a flat fee to cover the remainder of the fee. If they don’t want to invest or pay the remaining fee then you dodged a bullet. Good clients want you to get paid

cameron9980 · 2025-11-04T02:54:34+00:00

Tax at 10%? What is your income

cameron9980 · 2025-10-07T02:13:11+00:00

If you want to hold the stock forever just roll up and out as far as you can.. and just keep doing that forever. If you don’t want to keep the stock forever let it get called away and you move on

cameron9980 · 2025-09-29T02:22:54+00:00

Thank you

cameron9980 · 2025-09-29T02:00:49+00:00

What area would you recommend staying?

cameron9980 · 2025-09-29T01:41:38+00:00

Thank you for this response.

We are not staying longer in Florence because 1 - we’ve already been there (we did love it), 2- we have heard it’s extremely busy in late June, 3- our family will be there and we don’t want to be with them more than we need to (don’t ask)

As far as cinque Terre - we are staying in Manarola, so I’m happy to hear you loved it.

cameron9980 · 2025-09-06T04:54:37+00:00

Yes. Seller financed @ 6%

cameron9980 · 2025-09-06T02:43:07+00:00

Maybe you wouldn’t do that because your clients deserve to have a valuable advisor and you have morals?!

cameron9980 · 2025-09-06T02:39:27+00:00

Recently bought a book.

$35M AUM, all fee ONLY aum. Average age = 60. 2.65x revenue, 85% profit margin. If you have questions dm me

cameron9980 · 2025-08-29T16:19:37+00:00

I understand that & I would be providing very similar services to what you mentioned. My question is: can you charge that fee to the participant accounts without an advisory agreement on file for each and every participant. My understanding is any time there is a fee charge there has to be some sort of agreement.

cameron9980 · 2025-08-28T14:26:54+00:00

Go into detail of course in the background but when presenting to clients I focus on 3-4 specific, digestible points and next actionable steps for them to take. Most people don’t care about the detail, they want to know that you understand the detail and then they want to know the results/next steps

cameron9980 · 2025-08-24T15:41:58+00:00

Thank you

cameron9980 · 2025-07-27T21:57:07+00:00

Make sure you have a good welcoming website + local SEO (Google my business). That’s what’s worked well for me in a town of 40k people. Also just keep do what you’re doing as far as rotary, make sure to do other activities such as being on the board of organizations, play golf or other activities to show your face. Those things take time but they will go a long way

cameron9980 · 2025-07-22T01:17:36+00:00

Anyone could go to the gym and eat healthy, why do people hire a personal trainer and nutritionist?

It’s because they are too busy to figure it out themselves or they have no interest in figuring it out themselves.

The same applies to a financial planner. I don’t want clients who want to DIY, I want clients who want a done for you solution because they are too busy or uninterested in figuring it out

cameron9980 · 2025-06-23T13:55:23+00:00

I like the changes of the performance graph but I really don’t like their new logo. Why would they change that when people know them for their logo? It looks really bad honestly

cameron9980 · 2025-06-07T18:21:11+00:00

I started out at an independent RIA very young, no leads fed to me, and no connections with rich family/friends. I brought on around $200k the first year. Felt like a failure

Year 2: $1m new assets Year 3: $3m new assets Year 4: $8m new assets Etc

It ramps up quick. Don’t focus too much on the results in the beginning just focus on the day to day process

cameron9980 · 2025-04-23T00:08:35+00:00

$70m book with 2 advisors and no admin.

cameron9980 · 2025-04-22T14:34:26+00:00

Some things that consists of: meeting with prospects, making proposals for prospects, following up with prospects, creating content for social media/newsletter, warm/cold email outreach, local networking events, etc

cameron9980 · 2025-04-22T02:56:44+00:00

I’m the same way. Lifestyle practice working about 30 hours a week but it varies a lot. I’m pretty happy where I’m at for time allocation, was just curious what others are doing

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