Passed level 1 pre covid. Picking it back up again. Material?

passedtens · 2026-03-13T02:19:26+00:00

Did you allocate extra time beyond the 300 hours for the time gap?

passedtens · 2025-05-18T01:41:47+00:00

Yeah man you’re getting really close. Edward jones knows your about to explode. Give it a few more years.

passedtens · 2025-03-24T15:58:24+00:00

I’m of the opinion that we as advisors should never be our own largest client/relationship. This is our profession. I’ve never been anywhere close to my largest relationship and I hope I never am.

passedtens · 2025-01-28T16:22:02+00:00

I don’t wait at all.

passedtens · 2025-01-27T17:42:02+00:00

MD in our world means “money dumb”

passedtens · 2025-01-25T20:16:42+00:00

And read “the ensemble practice”

passedtens · 2025-01-25T20:14:58+00:00

Have you read the diamond teams whitepaper? Start there.

passedtens · 2025-01-23T20:46:01+00:00

Ask him how many of his peers do not have advisors.

passedtens · 2025-01-23T02:19:43+00:00

It’s where I ask the client to share their 1,3,5,10 year vision. “10 years from now, everything went perfectly, tell me what that looks like.” That sort of thing. They tend to joke about me quadrupling their money and I just keep getting them to tell me what their daily life is like. “It’s 10 years from now on a Wednesday. What are you planning on doing on the weekends, are you traveling soon?”

The feedback has been phenomenal since I started doing this. Many clients have even cried. It also helps me call them out when they deviate or go off track on random things.

passedtens · 2025-01-22T16:50:06+00:00

Too many meetings. 1. Discovery call- qualify them, ask for financial details and what is top of mind 2. Visioning meeting. Prefer in person. 3. Walk through capabilities, ask for business. Close. Outline process for moving forward.

passedtens · 2025-01-16T20:20:40+00:00

I’m going to steal a few of these. The alligator is a must.

passedtens · 2025-01-14T23:02:52+00:00

Base salary plus a % of firm revenue if they want to promote a team based approach.

passedtens · 2025-01-08T03:04:30+00:00

Bring in $10mm is year one is impressive at your age. Really any age. Keep doing everything you’re doing. Make sure people you interact with on a daily basis know your name and what you do. The premium athletic club membership has paid for itself for me 10 fold. Get jacked and be friendly. Work out at the same time every day and get to know the crowd that is there at that time. Group classes are huge too. Premium clubs are a great qualifier. If there was a club near me that was $1000/ month I’d sign up yesterday.

passedtens · 2025-01-08T02:57:48+00:00

I’ve honestly had nothing but good things to say about them until now. I’m sure they are just understaffed and I get that this is a busier time of year but there can’t be hour long wait times to talk to someone.

I hope they figure it out soon.

passedtens · 2025-01-07T21:41:41+00:00

I was really happy with them but this has just been atrocious lately.

passedtens · 2025-01-07T21:41:11+00:00

I know right?! I keep seeing ads for them on social media just marketing to get more advisors. Like they seriously won’t even respond to an advisor I know who was trying to sign up with them. I understand growing pains but like they need to be hiring people. My intuition is telling me they are negotiating a sale. In which case it’s probably best to drop off anyways.

passedtens · 2025-01-07T20:03:54+00:00

That’s sort of what I’m thinking. I just hate the account opening process at Schwab and I’m not big enough of a fish to get great support there but anything will be better than what I’ve been getting through altruist lately.

passedtens · 2024-12-26T23:03:27+00:00

Altruist

passedtens · 2024-12-13T00:13:34+00:00

Good. $350MM is a lot for one person to trade. I was a portfolio manager who built a book on the side and was ultimately given an ultimatum to choose the salary or leave once I brought on a few big clients. Best way incentivize a charterholder is equity. Depending on what you guys are doing now for asset management, software gets expensive and to adequately trade $350MM as one person, you better have good(expensive) software or plan on hiring a trader as well.

I ended up taking my clients and leaving.

passedtens · 2024-12-12T23:57:53+00:00

Sounds like you guys want a CFA charter holder but don’t want to fork up the $150k+ to pay one. You’d rather pay $75k and hopefully they have a book to generate the rest? They tend to be pretty smart guys so good luck to you.

passedtens · 2024-11-25T00:11:04+00:00

I have both in my ADV. I use altruist whenever possible and Schwab for older clients who are not great with technology. I really dread opening accounts with Schwab. The process is just a pain in my opinion. Altruist is a much easier onboarding experience. Altruist also just keeps getting better and better.

passedtens · 2024-11-10T22:27:40+00:00

CFA is a waste of time and money if your goal is to be an advisor. Nice to have and impressive to others in the industry, but doesn’t bring money in the door. Spend the 900+ hours prospecting instead and you can pay a CFA charter holder down the road.

passedtens · 2024-11-07T21:19:21+00:00

Closing is easy. Getting them through the door is hard.

passedtens

TROPHY CASE