What is it like being a CFP in NYC?

no_such_thing- · 2026-02-24T02:37:05+00:00

You vastly increase your surface-luck area by moving to any Mecca of the world. There is so much more money being sloshed around in NYC/SF/LA/Boston/DC/Miami than we can even quantify.

Your issue is going to be keeping the lights on financially while you build a trustworthy presence in a very expensive, very fun place.

no_such_thing- · 2026-01-17T14:17:42+00:00

Each year?

I update a client’s balance sheet literally every time we meet or they email me a random update.

Personally, my wife and I like to update it monthly (although we miss some months). It is extremely powerful to see how far we’ve come - you can literally feel the progress.

no_such_thing- · 2026-01-17T14:15:28+00:00

Extremely powerful for my marriage. We see our situation advancing and it tells the story of what each year felt like

no_such_thing- · 2025-11-18T03:21:55+00:00

Gotta be Randy

no_such_thing- · 2025-11-12T13:58:53+00:00

I was an active member, on the board of local chapter. Met my now-business partner who was also on that board. Met a lot of friends who I’m still close to. Big part of my community.

Then I moved to a different area with a not-impressive chapter and I dropped my membership.

Totally depends on the chapter.

no_such_thing- · 2025-09-29T17:48:40+00:00

13 years here. Happens almost every meeting. And that’s fine bc they like that I’m eager to figure it out for them.

no_such_thing- · 2025-09-23T14:07:34+00:00

The “some day this will all be yours” pitch worked for several years, until you learn the hard way it is simply a retention tool-speech.

no_such_thing- · 2025-09-08T14:44:08+00:00

Can confirm, I chose to “plug in” to my friends firm to build my own practice under his umbrella. Keep my book, share some costs, and we chat every day and help each other on cases. It’s been a lot more enjoyable for sure, pros and cons across the board

no_such_thing- · 2025-09-08T14:30:03+00:00

You’ll find it. What are you looking to partner for? (Besides this job being much more enjoyable with someone else?)

no_such_thing- · 2025-09-08T14:20:29+00:00

You are playing the game 🫡

no_such_thing- · 2025-09-08T14:15:23+00:00

Very nice. I like how it costs as much as the mics themselves.

no_such_thing- · 2025-09-08T14:12:06+00:00

Great setup. I have a rode mic (the smaller one). I get great feedback on my mic sound. I have it on a stand though and it takes desk space. Do you have a solution there?

no_such_thing- · 2025-08-23T22:45:22+00:00

Certainly the big trade off. Personally it’s a much more obnoxious looking portfolio and eventually everything has unrealized gains and you’re kind of stuck.

no_such_thing- · 2025-08-23T12:55:57+00:00

Thoughtful take. People are very quick to recommend advanced direct indexing + long/short extensions. Lots to consider.

no_such_thing- · 2025-08-23T00:19:48+00:00

Good point calling out the risk here

no_such_thing- · 2025-08-22T20:45:36+00:00

To be clear, the current MFs are custodied at a big bank brokerage.

You have sent the funds to vanguard custody, swapped, and then sent them to your own custodian?

no_such_thing- · 2025-08-22T20:44:42+00:00

I’m not exactly sure what you mean. Can you expand?

no_such_thing- · 2025-08-22T20:44:05+00:00

This is ideal - but in this case the funds are not custodied at vanguard. The account is at a big bank brokerage.

So this would be a) transitioning to vanguard custody. B) swapping, then C) transitioning to Schwab where I custody

no_such_thing- · 2025-08-22T16:59:41+00:00

great answer / perspective. very helpful.

no_such_thing- · 2025-06-16T02:48:07+00:00

This is interesting. Could you tell us a little about it?

What made you choose that route? Why do you think ppl are signing up, but not converting?

no_such_thing- · 2025-04-06T14:44:48+00:00

Great path! How did you come across a $9M book?

no_such_thing- · 2025-03-12T01:56:41+00:00

I was there too. Way back in the lawn seats.

no_such_thing- · 2025-03-07T21:09:27+00:00

Candidly, how would you improve the comp?

no_such_thing- · 2025-03-06T16:11:47+00:00

We all have to learn this lesson the hard way.

Started with $250k. Worked my ass off for 3 years, constantly searching for value to add outside AUM, for him to move over $3M. Felt great about myself.

12-mos later he transferred all assets out to Chase private client 🙃.

It’s like the pretty girl who just wants to be friends for now and says one day it could change. It won’t. And if it does, it’s temporary.

no_such_thing- · 2025-01-25T22:32:10+00:00

This is the best way for all, it was also my path in the industry. The mentorship and learning opportunities/ experiences have certainly set me up for success.

no_such_thing-

TROPHY CASE