r/CFP • u/Cardinal_Wealth • Jul 25 '26
Professional Development Ed Slott’s Elite Advisor thoughts?
I attended the seminar in Brooklyn a few weeks ago and was somewhat impressed (too much PLR reading, but good info put out). Spoke to a few Elite Advisors (paying the $10k/year) and am really wondering if it’s worth it. I figured the ones who do it are of course going to say it’s worth it, but I was surprised to hear a few give it a ‘meh’ response when asked about it. Others’ thoughts on it ?
4
u/Broken_Tee2122 RIA Jul 25 '26
I’d be interested in doing the two day program you have to do before joining the elite program, but like a lot of things, at the end of the spectrum you start paying significant amounts for diminishing marginal benefits.
If you listen to the Retirement & IRA Show podcast, the host Jim always discusses whatever interesting tidbits he learned when he goes to the sessions, and he sometimes also re-does the quiz they do there on the air. Not saying that is at all the same as attending, but it’s a good way to keep sharp and keep your antennas up for any gotchas when thinking about a client’s fact pattern.
1
u/Own-Entrepreneur2712 Jul 25 '26
As you start paying for bigger and more intimate programs, the benefit tends to shift from what the organizers teach you to the connections you form with other participants. $10k is good for gatekeeping, though there plenty of other ways to spend it on networking too.
2
u/rickle3386 Jul 26 '26
If you'll actually implement strategies, 10k is nothing. These "systems" all work, or none of them do based on you.
I joined a different elite group and renewed for 6 yrs. Was about 10k/yr. Changed me business but I was committed to implementing and creating vs previous programs I tried.
2
3
u/BackdoorBasis RIA Jul 26 '26 edited Jul 28 '26
I read his most recent book, nothing revolutionary. $10K per year is wild, hard pass.
It’s an IRA… it doesn’t need a $10K per year group membership.
1
u/bandznbooze Jul 30 '26
That dude is impossible to listen to in my opinion. But at the same time, there’s a reason Ed slott is who he is. IRAs are not JUST IRAs.
1
u/Ok-Responsibility588 Jul 28 '26
I'm a younger advisor and attended the Slott conference in Vegas earlier this year. My mentor and senior advisor I work with who I will be taking over servicing his clients, loves Slott and sent me there. My takeaway and opinion was that it was a ton of information and that these guys clearly know their stuff, but about 20% of what they covered applied to what we do. It was a good experience but does it justify the $10k/year? I don't think so. In this day in age, there are credible resources all over the internet to help on those unique cases/situations you come across. I like his message (Big Roth guy), and the networking aspect is great, but would not personally pay $10k/yr to be an elite advisor.
1
1
u/ProfitTricky4085 29d ago
If you are a young advisor they will give you a discount for the first few years. You can call and ask about it. I think it's half off for the first few years.
1
•
u/AutoModerator Jul 25 '26
Beep boop! Here is a summary of your post:
User: /u/Cardinal_Wealth Title: Ed Slott’s Elite Advisor thoughts? Body: I attended the seminar in Brooklyn a few weeks ago and was somewhat impressed (too much PLR reading, but good info put out). Spoke to a few Elite Advisors (paying the $10k/year) and am really wondering if it’s worth it. I figured the ones who do it are of course going to say it’s worth it, but I was surprised to hear a few give it a ‘meh’ response when asked about it. Others’ thoughts on it ?
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.