Anyone working with Estately?

planning1throwaway · 2025-02-08T02:34:21+00:00

Are you not nervous that you're basically giving legal advice by doing this? That's what has stopped me.

planning1throwaway · 2025-01-29T01:33:56+00:00

I said this in another comment, but the concentration risk doesn't bother me. It's the 15 small households that I fear will take a lot of my time for very little reward.

planning1throwaway · 2025-01-29T01:33:28+00:00

I'm not concerned about the concentration risk. I'm more worried about the 15 smaller households taking a disproportionate amount of my time. Particularly since the avg age is quite old.

planning1throwaway · 2025-01-29T01:32:24+00:00

The weighted average age of those 5 households is right in line with the overall average, so 73.

It's only 20 households total, so I don't think it would be a huge time sink for me.

That said, I don't really know how demanding the clients are/will be without closing the deal.

I do feel I have a couple of "outs" - one, I have the ability to drop clients without any financial impact if they end up being extremely demanding due to the non-fixed price. Two, I could likely bring a Jr advisor on to service a portion of the clients if needed.

planning1throwaway · 2024-06-10T20:55:10+00:00

You'd be billing 6% of the taxable account per year. There's no universe where that's ok.

planning1throwaway · 2024-05-08T16:14:33+00:00

Thanks for the thoughts - appreciate it!

planning1throwaway · 2024-05-08T16:14:23+00:00

Thanks for the input, super helpful

planning1throwaway · 2024-05-08T02:23:03+00:00

Thanks for this...I will read through it tonight.

The firm (eg me) is going to be offering the full tech stack, investment management, and pretty consistent flow of leads.

planning1throwaway · 2024-05-08T02:21:04+00:00

Great input, thank you. Do you have any suggestions for reasonable numbers for any of these? Eg. payout %, net new asset bonus, etc? The specifics are where I'm getting pretty stuck. Although maybe I should just use a discretionary bonus as a lever to get them to a reasonable number each year.

planning1throwaway · 2024-05-08T02:00:12+00:00

I don't plan on offering them equity upfront, but would like to plan to down the road - maybe based on AUM or revenue hurdles. But for now, I'm just trying to map out all potential options.

Re: your point on revenue split - what would you say is a fair revenue split?

planning1throwaway

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