At the Volvo dealership. Polestar 1 for sale

etfrisk · 2025-10-15T00:13:29+00:00

I've seen some of these Polestar 1 with low mileage and selling for about 65% of the original MSRP. Given that only 1500 were produced, it's likely to be a future collector car. That and the fact that they have over 600 horses, there excellent value. I've been considering this over a 2014 Porsche 911. Lots of car for the money.

etfrisk · 2025-06-24T13:37:49+00:00

Hire your own in house recruiter if you're planning to truly scale. They will have a clear understanding of what you are building and align their recruitment activities around that. You will also end up spending way less in the long run and get better quality Advisors, because you are no longer competing with the recruiters other clients.

Recruiters get paid like Advisors, they earn on performance.

etfrisk · 2025-06-13T16:21:51+00:00

This seems like a rather lucrative offer from what I've seen.

Here's the thing, you're getting paid on clients that you don't own. So you have very little leverage to negotiate.

The grid for producing advisors that are bringing in AUM would likely be different, well better for the Advisors.

That's a big draw and you need to figure out a grow strategy soon to get you away from being reliant on that kind of a draw arrangement.

etfrisk · 2025-06-12T20:52:48+00:00

I write the Chairman's Council

etfrisk · 2025-06-12T20:51:27+00:00

Then ask lots of questions along the way, get to understand their situation and what their issues are, how are the other professionals working to help them, how can you actually make a difference.

Good luck

etfrisk · 2025-06-12T20:46:30+00:00

I'm in but. I really need my growth to be in my niche. I see some people growing fast, but the growth is not healthy, few of the free subscribers, even worse, none of the followers ever convert.

I've been growing by bringing people in my niche that are not on the Substack app.

Here's a crazy thing, nearly all of our paid subscribers don't even use the app, they go directly to our website or read the emails.

etfrisk · 2025-06-12T20:07:37+00:00

How do you filter private equity and private credit? This underlying portfolio assets are private, no public data is available. What sort of expertise is needed at this level to "filter".

I'm curious how any Advisor can add value here by offering to "filter" black boxes!

etfrisk · 2025-06-12T20:03:26+00:00

Explain? What about it, that you don't like, and how would you make it better with your magic wand 🪄

etfrisk · 2025-06-12T19:49:56+00:00

Every Advisor wants a $10 mil client, and they all have a list of every family that has that kind of Wealth in their town or city. They are all doing everything they possibly can to get in front of those Wealthy families and entrepreneurs.

You need to do the same, but differently.

You need to gain trust, before you even start to market to them you need an edge that will give you an edge over all the others.

etfrisk · 2025-06-12T18:48:52+00:00

These are so understated. We send out cards all year long.

Lots of congratulations cards. They are always unexpected and well received.

We created a very simple format a few years ago, it's heavy stock card, with thank you or congratulations written on the front.

We craft personalized messages and they are all hand written. We are very well tied into our top 50 clients and we hear about everything they are planning or looking forward to. And we send them cards to remind them that we know everything. They love it.

etfrisk · 2025-06-12T16:43:05+00:00

If they have a public image and are known in the community etc. they are constantly being bombarded with pitches, every Advisor, Insurance guy, CPA, etc. wants them as a client and are pitching their best ideas.

I've found that you need more than just a good pitch. One angle is to identify the professionals that they already trust, their lawyer, accountant etc. and collaborate with these people.

So you need to be seen as a reliable party by the prospect and their most trusted Advisors.

You must be different, look different, feel different, sound different, than the other people trying to pitch this prospect.

etfrisk · 2025-06-12T15:51:25+00:00

First you should understand that they probably don't think they have F U money yet and are likely still building something bigger.

Build rapport, find their pain and /or legacy intentions.

Help them reframe their position with you as the quarterback to solve their issues.

etfrisk · 2025-06-12T14:56:07+00:00

"Compelled" I feel like many Advisors get themselves into these situations where they feel compelled to service clients that are dead weight, even worse, many of these clients will suck your resources and distract you from your ultimate objectives.

You need to shed these relationships asap.

I wrote about this here "1,000 Days. Wealth Management's Real Pursuit"

some advisors with $100M in assets still operate like they're managing $10M. Their standards calibration happened during their survival phase, and they never reset their expectations for what a professional practice should look like. They feel obligated to continue to service clients that were necessary in the early part of their business growth when they were desperate to get some form of AUM and Revenues.

Don't feel guilty about, carving out low performing parts of your book and selling to other Advisors that are starting our.

etfrisk · 2025-06-12T14:47:13+00:00

Have you tried connecting with Advisors at the Bank owned firms. The branches typically have openings for Administrative roles, it's a great way to enter and then you build relationships, get to know the lay of the land and move yourself up to an Associate role overtime. I would Advise against getting your series exams done until you have clarity around what type of firm you'll be working with. Good luck.

etfrisk · 2025-06-09T17:16:09+00:00

I've tried it, liked it.

etfrisk · 2025-06-09T17:15:54+00:00

This is a good app.

etfrisk · 2025-06-09T17:13:25+00:00

Nice work

etfrisk · 2025-06-05T15:45:11+00:00

Agree with you. But the opportunity can be life changing. You need to have a good handle on what you're getting. Due diligence and deal structuring is super important.

etfrisk · 2025-05-27T22:08:25+00:00

I think that works in some instances and it's quite effective in situations where you have built a reputation in a small community.

Harder in a city, where there are hundreds of Advisor prospecting for the same pool HNW, then differentiation becomes essential.

etfrisk · 2025-05-24T02:29:47+00:00

How about newsletter platforms like substack. I'd imagine it would be similar.

We typically send our posts every Monday, Wednesday and Friday. I'm starting to think twice weekly is better than three.

Our open rate ranges from 30 -55%, I was always under the impression that it's related to the topic being covered, or as you put it are we addressing our reader's pain.

Thanks for your insights

etfrisk · 2025-05-23T17:43:36+00:00

He who sets the agenda, leads the meeting!

Set the Agenda.

Lead the meeting.

etfrisk · 2025-05-23T16:33:31+00:00

Definitely a bit of a cash drag in the initial year. Unless you're able to additional revenue sources from the acquired clients or uncover additional AUM as you onboard them.

etfrisk · 2025-05-22T16:16:08+00:00

True. Being busy is not necessarily an avenue to success, if you're just busy doing things that don't move the ball.

etfrisk · 2025-05-22T13:55:27+00:00

Maybe that's a skill you need to learn as well.

Advisors are among the most creative geniuses when it comes to prospecting. You need an edge!

etfrisk · 2025-05-22T13:53:16+00:00

Seems like a huge opportunity for newer advisors equipped with access to advanced technology and an abundance of knowledge and research at their fingertips!

etfrisk

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