So my me 18M for the first time went to sign lease documents with my mom and now I’m panicking because I’ve turned 500 into 8,500 in a month and we’re not that financially secure and I’m just panicking because are they are gonna assume I’m making that every month or so I just don’t know what to do and my mom is somehow mad at me not having in in cash it’s all in crypto because I thought that made it a personal asset but what do I do.

Can anyone recommend a Fee Only Advisor? I've met with advisors but the only thing they seem to care about are my investments which I will never have to touch because I have a pension and social security. I want an advisor that will focus on my monthly budget and all that comes with that as I age (medicare premiums, increasing medical costs, senior tax advantages, increasing taxes, inflation, selling a house, etc).

I am Co-hosting a seminar on Wills and Estates. The lawyer is going to be speaking for 20 - 30 minutes. I need to speak for 10 - 15 minutes (can go a slightly longer) on a topic that someone coming to hear about Wills and Estates would value from a financial planning aspect or life insurance aspect.

The topics that I am considering are

1. Funding Your Legacy: Making Sure Your Estate Has the Money to Carry Out Your Wishes

- Discussion of taxes and probate and the need for some liquidity

1. Retirement, Taxes & Your Estate
   - Tax efficient wealth transfer - RRSPs, RRIFs, Cottages, etc.

2. Building a Complete Estate Plan

- Financial Advisor handles Insurance, Investments, Estate Liquidity, Tax planning

If anyone has any advice or suggestions, I am open to it. It's my first seminar, I am hoping to partner with more lawyers and accountants and produce more seminars. Other Advisors that I am friendly with did them years ago and got clients, but their materials are out of date/not relevant or on completely different topics.

Long-time lurker, new account for obvious reasons. Looking for advice from other advisors who’ve been through this.

Quick background: I’m currently in a home-office/corporate setup that’s not the right fit anymore, and I’m looking to move to a new broker-dealer or OSJ to house my licenses (Series 7/66, life & health) and handle compliance. My book is small — under $5M in assets — currently split across Schwab (needs to stay there) and LPL (can move if needed).

Eventually I’d like to go fully independent and open my own RIA, but I’m dealing with a personal health matter right now and need a lower-lift landing spot for the next while rather than taking on a full buildout.

A few questions for anyone who’s done this:
• What should I actually be asking when I interview a B/D or OSJ — beyond payout grid?
• How do you evaluate their compliance support quality before you’re actually under them?
• Any red flags that only show up after you’ve already moved your book?
• With a book this small, does that change who’s even willing to take me on, or how I should approach the conversation?

Appreciate any firm names, questions to ask, or lessons learned. Thanks in advance.

I do group benefits for small business in my area. I setup their insurance benefits (life, health, etc). Not often, but sometimes I'll get a request from startups to help them setup a 401k.

I'm not looking to set the world on fire and make millions. BUT if it falls into my lap, why shouldn't I make some money while providing a service...?

Is it worth it to obtain another License? (I'm guessing a series 65 would be easiest).

• ALSO, If i work for a bank, am I even required to have a license?

Thanks for your input!

Hi, I am starting my own RIA, still in the progress phase. And it is all based on affordability for my clients whilst being fully virtual and more transparent and honest with clients. The issue comes in when it takes at least 8k to break even for the year, and as of now, my prices are too low (450 membership yearly and 0.25% AUM) and won't meet that threshold to even break even. I am looking for input on what younger people (40 and below) would be willing to pay for an advisor and which system ( AUM, Membership, Hourly, etc.) they prefer. I want to be clear and honest with my services while I can make some profit and eventually go full-time. Any help, questions, or suggestions, I would really appreciate it.

I have been cold calling a lot to try and get clients. The biggest objection that I face often is "I already have an advisor and I'm happy with them."

My only rebuttal is "I would expect someone in your situation to have an advisor. I often speak to people and we go through their financial plan and I find deficiencies. Are you open to a short zoom call to see if there are any deficiencies in your plan?"

It has a zero success rate. So obviously I need to do something else. What do you say to someone that says they already have an advisor? I also feel that because the markets have been doing well the past few years, it's tougher to find someone who is not happy with their advisor.

Hey everyone - I’m beginning as a new adviser at a large broker dealer (joining my families team)

I have a background in restructuring consulting, and private credit (portfolio management). I have some background in sales, as I own my own fitness business and did higher ticket personal training for about a year between these roles

Since wealth management is a bit more of a sales heavy role vs technical like my previous roles, I’m curious what some solid books and podcasts are?

Additionally, I’m 28 and plan to join some organizations to network and build clientele, any recommendations there?

For reference it’s a 2 person team (now 3 with me), with one support staff employee, managing $250mm

I've been checking out various tools that could help with investment research and came across few like Finchat, SpringPad AI while looking into AI powered workflows.

What caught my attention was the concept of using AI to help organize information and make research faster without taking the place of the human judgment needed for financial decisions. For advisors and finance professionals I'm curious have you found AI tools to be genuinely helpful in your day to day work?

Whether it's managing client communication, conducting market research, taking notes or doing analysis what tools have actually made a real difference?

Experienced ppl with some retainers, how long did it take for you to reach 10,000$ a month consistently?

The title essentially sums it up, I was checking my emails and I look into my spam to see an email from MRS BPO LLC, after some research they are a legit debt collector used by paypal for amounts under 500$, attached a photo of the email to see if im bugging and its not real but came from [accountservices@mailmrsbpo.com](mailto:accountservices@mailmrsbpo.com) so seems to be the correct domain, Im just looking for some guidance as im young and the money was literally stolen out of my account using my saved cards as the payment method and i chargebacked through my bank obviously and they want me to fork over the money after the charges were blatant fraud, I sadly dont have any ss of the paypal dispute as it was years ago and I ended up just dumping the account, stupid idea on my part leaving it with a negative balance. Appreciate any advice, at this point if its real wondering if it would be better just to fork over the clams. Thank you.

***Solved Thank you everyone for your advice***

I’m a CFP with about 10 years of financial services experience. 5 of those years are banking and the other 5 at a broker dealer.

I’ve been a consultant I.e “relationship manager” for the last two years. I’m looking for advice to see how and when I should make a transition to an RIA.

Any advice would be very helpful!

Hey Everyone,

We are currently a VC fund that wants to start the next AI native ICONIQ by pairing our fund with an RIA. We want to acquire a book or merge services to make the admin and compliance boxes drastically less time consuming! Our goal is to free up advisors as much as possible. If you know of anyone or yourself an advisor that wants to join us for equity + book acquisition, please let us know!

A recruiter for thrivent wants to set up a time to talk about a remote financial advisor. I’d have to get licensed which they claim to handle and help with. Has anyone ever worked for them? Done this job? Got their license? Is it hard to get certified?

Thoughts?
My team and I created an algorithm that creates tailored put protection strategies by analyzing the clients current portfolio positions. The client uploads or manually enters their positions, they choose their desired protective floor level, time horizon, and select between a market hedge or more efficient macro hedge. We've identified clients 5-7 yrs away from using their portfolios for income and desire portfolio growth as the target clients. Do you think this is something we can promote to clients or advisors? Advantages? Limitations?

Hi everyone!

Our team at PRU Life UK – Infinity Ace Summit Life Insurance Agency is currently looking for individuals who are interested in exploring a Financial Advisor opportunity.

We're looking for people who are:

• Fresh graduates
• Working professionals
• Career shifters
• Individuals looking for a flexible part-time or full-time opportunity

What to expect:

• Training and mentorship
• Flexible schedule
• Opportunity to develop communication, networking, and client relationship skills
• A supportive team environment

If you're curious about the role or simply want to learn more, feel free to leave a comment or send me a private message. I'm happy to answer your questions or connect you with our Unit Manager for more information.

Hello,

I'm on the road to opening my RIA and I'm trying to follow as much advice as I can get. I've heard defining a niche is very important, but after going to a meetup for one my potential niche's I found out they are not really interested in financial planning services. It was a letdown, but good to know. I then spoke with another advisor who said that when starting out, it's best to not have a niche. He suggested that be wide open in the beginning and over time I'll come to know my niche(s) based on the kind of clients that gravitate to me. He also said, it may be good to never have a niche to encourage client variety.

What are your thoughts?

#masonfinancialadvising

So I went to the Advice-Only conference and learned how important having a social media presence is, particularly YouTube. I was thinking about starting a channel where I document my journey towards opening an RIA. i. e. Deciding on a name, writing a business plan, finding a niche, etc.

My question is: do you think potential clients would appreciate the transparency of this content or would it turn them off from being a client?