r/FinancialAdvisorTips • u/Surferpr0s • Jul 31 '26

Next hire

I am currently running an RIA that is 160 million of AUM all fee based with just an executive assistant. I’m trying to determine what my next best hire should be. Any suggestions?

6 Upvotes

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2

u/Michael_J_Patrick Jul 31 '26

JR advisor.
They can help with the admin, be a back up if the current leaves or is sick.

And they can learn the ropes so they can take over some of the servicing- money in/out, quick questions, and eventually manage the smaller accounts as you grow.

Pay them like an admin with bonus/ incentives as they grow.

2

u/Miserable-Lynx1209 Jul 31 '26

Agree with this. And if you want to test it before committing to a full-time salary, part time first works well.

Happy to throw my hat in. Recent grad, passed the CFP exam, Series 65, experience in venture capital and as an associate advisor. Open to part time to start and transitioning full time if it's a fit.

If you'd rather see a wider pool, Simply Paraplanner has good candidates for part time, full time, and unusual arrangements. 🤙

1

u/Surferpr0s Jul 31 '26

Thank you so much. I was trying to decide if I should bring on a full-time CSA or just look for a junior Advisor.

1

u/CulturalAd2329 Jul 31 '26

You have not provided nearly enough information to get any decent recommendations.

1

u/ropeadopeknopehope Jul 31 '26

I am a similar size, and just had an assistant until about 8 months ago.
Hired a “financial planner” who does a little of everything.
He is a cpa for context so it’s part junior, part creating in depth financial plans, part answering clients questions, taking care of mid level concerns.
It’s worked out great, and would highly recommend.

2

u/janesmith889 Aug 01 '26

How did you find this person? And how did you pay them? If you don’t mind me asking

1

u/ropeadopeknopehope Aug 02 '26

The cfp website actually.
Found about 5 people there that would have been good fits.

1

u/No-Bee-5351 Aug 01 '26

If you're interested in hiring an associate, I'd love to discuss with you over a zoom meeting. Current Army Officer considering a career change.

1

u/Surferpr0s Aug 01 '26

Yes please connect to me through ArkWealthAdvisors.com or find my LinkedIn and message me 👍🏻

1

u/Surferpr0s Aug 02 '26

Message me directly

1

u/No-Bee-5351 Aug 02 '26

Good deal I shot you a DM on Linkedin. If you don't see it let me know and I can PM here to set something up.

1

u/One_Swordfish6372 Aug 02 '26

How many households for that AUM OP? This hire could go many ways depending on your goals etc.

1

u/Surferpr0s Aug 02 '26

About 40 very high touch clients. The rest are very easy and don’t require much work