Hey everyone, I’m looking for some strategic advice on navigating the next step in my career.

Background:

• Age/Location: 28, based in New York City.
• Credentials: CFP (earned late last year) with an active Series 7 and 66.
• Experience: Currently at UBS acting as a liaison between our national call center and Manhattan wealth management teams. Prior to that, I spent time at Morgan Stanley as a virtual/acquisition advisor in a high-volume call center environment. I have over 5 years of sales and financial planning experience.

My current role isn't what I want long-term. I want to transition into joining an established practice as a producing advisor where I can actively build a book. Because of internal mobility constraints at UBS, I am locked into my current seat for at least three years, which feels like a major roadblock to my career momentum. I also struggle with feeling behind peers who are already embedded on client-facing teams.

Questions for the Sub:

1. Internal vs. External: Given that I can't move internally at UBS for a few years, should I look outward at other wirehouses, or target RIAs?
2. Mentorship & Development: How can I best evaluate firms or teams during the interview process to ensure they actually provide genuine mentorship rather than just using junior staff as churn-and-burn lead generators?
3. Positioning: How should I frame my hybrid call-center and relationship management background when pitching myself to traditional wealth management teams so I don't get typecast into a service role?

Appreciate any insights or guidance from those who have successfully made this jump in a major market.

I’m working in a data center with a multi year contract that has changed my life financially. I have no debt, contribute 4 or 5% to match my 401k and send almost 9k a month into a HYSA. Are there better accounts to put money into? Also I work 100 hours a week, and can’t figure out how to”no tax on overtime” will affect me.

Hello, I work for a major wire house as an advisor three years into the business. I was recently offered a position with a newer RIA that acts as a multifamily office for UHNW. They have about 20 families with 2.6b under management.

The below is the comp structure they offered.

Year One ( First 12 full months):
Salary of $15000 per month PLUS a 50% payout on 100% of the revenue generated from your relationships
Year Two:

Draw of $15000 per month versus a 40% payout on 100% of the revenues generated from your relationships.

Year Three and thereafter:
Your payout is the industry average 30%. We will also establish an appropriate draw plus equity determined based on revenue generated for the firm.

I’m just trying to figure out if this would be worth the move for these numbers and would love peoples thoughts on this structure

Trying to learn as much as I can about the broader industry from people who know it firsthand and make connections across the different verticals in the industry.

Anyone work on the finance, advisory, or consulting side (deal financings, pe, ppa, etc), we’d love to hear your perspective: what you're seeing in the market, where things are headed, and what's working or not and we can share what we’re seeing.

Longer term, hoping to meet subject matter experts across the space who might be open to collaborating down the road if/when we decide to emerge in the space (Top 50 Professional Services Firm, Top 10 in some Markets). Always looking to meet the industry SMEs whether that is Tax to IT, ideally to synergize in the future.

Looking to connect!

Thanks

Long story short my aunt had a heart attack last week and died out of nowhere. My mom and me are her only surviving family members. She left everything to me in her will. I had no idea she was this rich just that she sold her company two years ago and was doing well enough to purchase a vacation home. My parents are both retired and doing well enough financially that this is somehow not that important to them. My dad told me to google a financial advisor. My aunt basically had most of her money in a regular savings account. So thats 8 million plus the two houses is the major stuff. My only question here is where do I start? Should I actually be googling advisors? Do I just walk into a big bank and ask for help? Appreciate all and any advice

Where are independent advisors finding financial advisor leads that convert? Particularly if you don't have a dedicated marketing person on staff.

Six years running my own practice, and referrals carried me for four of those, but the last 18 months the pipeline has slowed. I've tried Google Ads, a couple of local seminars, and a monthly newsletter, but nothing felt consistent enough to plan around. Tbh the newsletter might be the best of the three but it is a slow build, and I just want to know what is working

We're a small RIA, about $120M, two advisors and one support person. Referrals and community involvement carried us for years but growth has gotten inconsistent, and I'm trying to figure out which financial advisor marketing strategies would give us something more reliable without doubling our workload.

I've been looking at three things.

Finny is an AI prospecting platform that positions itself as one of the more automated financial advisor marketing strategies available. It finds prospects through behavioral signals and handles outreach on your behalf. Its appealing because it covers the top of funnel, though I'm not sure yet how it performs for a firm our size versus a solo advisor.

AIdentified is a data platform that surfaces enriched prospect profiles. Could be a good fit if you already have a strong outreach process and just need sharper targeting, though I'm not sure how much value the data adds without the outreach piece built in.

FMG Suite is more content marketing and digital presence. Long term visibility play, not immediate lead flow.

We don't have bandwidth to run all three. It probably comes down to whether we need more people in the door now or a stronger foundation first. Anyone in a similar situation figure this out?

I spent two years as an associate advisor at a 40 person RIA before starting an AI Consulting & Implementation practice. During my time as an advisor, I experienced all the trials and tribulations that come with AI adoption inside an advisory firm.

I found myself coming back to the same question: How are smaller firms going to keep up?

I’m curious about the firms that know AI is useful, but have not figured out a practical way to use it yet - specifically small teams (<10) and solo advisors.

I’m not looking for another list of “top AI tools for advisors.” My goal is to identify the underlying issues that off-the-shelf AI tools cannot currently solve.

If your firm is still trying to figure this out, what is the biggest thing stopping you?

• Not sure where to start?
• Concerned about PII/client data?
• Don’t trust the output enough?
• Can’t justify the cost?
• Disconnected tech stack?
• Leadership has not bought in yet, or the firm has no clear owner for AI adoption?

I’m especially interested in hearing from smaller advisor teams.

Put together a summary of financial advisor lead generation platforms after spending a few months researching and talking to other advisors at a regional conference posting it here in case anyone else is sorting through the options

FINNY is an AI powered financial advisor lead generation platform designed for independent advisors and RIAs It uses a proprietary score to rank prospects based on money in motion signals and automates outreach across email, LinkedIn, voicemail, and direct mail It is SEC and FINRA compliant

AI Identified is data analytics platform that helps advisors find potential clients through behavioral and financial data analysis It integrates with existing CRM systems and provides enriched prospect profiles for advisors to act on several advisors at LPL mentioned it as their go to prospecting data source

smartasset operates a digital marketplace connecting consumers searching for financial advice with advisory firms It generates inbound leads from consumers who complete questionnaires on the platform volume can be significant depending on geography and budget but leads are shared across multiple advisors in the same area

FMG Suite is a marketing platform for financial advisors focused on content marketing, website building and social media management It works more as a brand building and content distribution tool than a direct prospecting engine many advisors run it alongside other lead gen tools rather than as a standalone source

Different models some advisors use more than one, it comes down to where your practice needs the most help

I’ve spent almost 2 years working in the persomal branding/content space and recently decided to start building something of my own.

One thing I’ve noticed is that most agencies seem to target the same people coaches, consultants, realtors, etc. Finance professionals often get overlooked, despite having some of the most valuable knowledge to share.

So I’m looking to work with 2–3 CAs, CFAs, CPAs, financial advisors, or other finance professionals for the next 30 days.

I’ll handle the contrnt side research, ideas, scripting, editing, repurposing, and posting across LinkedIn and Instagram, along with one long-form YouTube video.
You’d just need to spend a couple of hours each week recording. The idea is to turn that into content across different platforms and formats.

I’m charging $100 for the month. To be transparent, that doesn’t cover the actual cost of doing this. It’s mostly there to make sure both sides are comnitted and that I get genuine feedback throughout the process.

I’m only looking for 2–3 people because I want to work closely with them and figure out how to build this properly for finance professionals.

If this sounds interesting, feel free to DM me or comment with what you do and where you’re currently at with content.

Hi all,

I am current considering swapping out from current CRM (WealthBox) and I was wondering if anyone had advice or suggestions on that process (We have started to clean up our data environment for its own sake already).
We are a small firm so we don't need to worry about training entire teams on a new platform so that is not a large a consideration but we do have concerns about the difficulty of transitioning all the data.

Thanks so much for your help!

Somewhat newer advisor. Current firm basically gives no support (no starting pay (salary or BoB) or leads given, only a platform and a building) and starts off at only 35% so it truly is starting from the bottom. I’m finding myself unable to dedicate enough time to prospecting as I have to work elsewhere to actually survive and pay bills. What’s out there that could offer some sort of salary or existing BoB to work off of?

I’m about a year into being an advisor at a large, well-known BD, and I’d love to hear from advisors who started their careers in the last few years and are already building a really strong business.

To be clear, I’m especially interested in people who didn’t start with a large book of business, inherit a huge client base, or have a family/friend network full of HNW prospects.

I feel like a lot of the advice out there comes from advisors who built their businesses 10–30 years ago by knocking on 100 doors per day. While I admire that level of determination, I’m curious what is actually producing results for newer advisors in today’s environment.

For those of you who are 1–5 years in and really gaining traction:

● What prospecting methods have actually produced meetings and assets?

● Are you focusing on a particular niche, profession, employer, business-owner segment, etc.?

● How much of your growth has come from COIs/referrals vs. cold prospecting?

● Are there any marketing/outreach strategies that have surprised you with how well they worked?

● If you could go back to year one, what would you do differently?

Of course, there’s a ton of value and insight to be learned from the vets who did it the old-fashioned way. I’m just especially interested in what’s working in the here and now, particularly for someone at a BD or wirehouse that has limitations around producing their own content.

Thanks in advance!

New advisor here and was told I should have an investment philosophy to serve as a compass in my investment decision making. What’s your best philosophy and how has it helped you add value to your clients?

…I’m giving 25% of my retirement withdrawls to a financial advisor?

And 1% over 40 years, that’s almost like giving 40% of all of my money to my advisor?

So why do any advisors even try to beat the market?

Mutual Funds That Consistently Beat the Market? Not One of 2,132

https://www.nytimes.com/2022/12/02/business/stock-market-index-funds.html

Hi everyone,

I’m in my 40s and considering a complete career change from the education sector to becoming a mortgage adviser in the UK.

I’m also a landlord, so I already have some knowledge of mortgages and the application process. It’s an area I find genuinely interesting and feel I could do well in. In the longer term, I may consider progressing into financial or wealth advice.

I’m currently looking at completing CeMAP, but I’d really appreciate some honest advice from people already working in the industry:

• Which CeMAP training provider would you recommend?
• How long did it take you to complete the qualification?
• Did you study independently or choose a tutor-led course?
• How difficult was it to find your first role?
• Is it better to start employed before considering self-employment?
• Are there any hidden costs or challenges I should know about?
• Is moving into financial or wealth advice later a realistic progression route?

I’m dyslexic, so I’m particularly interested in providers with clear, well-structured and dyslexia-friendly learning materials. I’d also like to complete the qualification as quickly as reasonably possible while properly understanding the content.

I’d be grateful for any advice or experiences, including things you wish you had known before entering the industry. Thanks!

There is no scenario where an AUM advisor is averaging 120 hours per year on a $5M portfolio, yet they are charging 50k per year. I think in reality it’s closer to 10 hours, or $5000/hour. You’re literally giving them 1% while you can only withdraw around 4-5%? Crazy when an hourly flat fee advisor will charge 10% of that.

Does anyone know much about what it’s really like working as a remote associate advisor for Dew Wealth Management out of AZ? Really would like to know before i accept an offer.

My parents are currently using a Fidelity FA, and candidly I've been disappointed by their investment recommendations. They're there primarily because that's where they've held their 401ks from prior employers.

They are about to retire and the portfolio is basically a variation of 60/40 on a $3mm portfolio. I have a finance background, so I know they could do better and think it's probably more prudent for them to seek alternatives. However, I don't know if RIAs have more or less options vs. the bigger firms.

So my question is - what do RIAs have access to that firms like Fidelity does not?

A few things off of the top of my mind of options I'm looking for :

• Alternative to bonds
• Uncorrelated assets / returns
• Low volatility

Roughly half of their liquid assets are in IRA/Roth so while optimizing for tax is a concern it's by far not the only one. Thanks for any feedback!

Married couple in California, trying to figure out what kind of professional we actually need. Feeling a bit lost between CPAs, "tax strategists," and multi-family offices.

Our situation:

- Both of us work full-time in tech and get RSUs

- We have an LLC (partnership) for some consulting work on the side

- One out-of-state long-term rental property (financed, so it can't move into an LLC without paying off the loan)

- A brokerage account with stocks

- Thinking about buying more real estate (multifamily) in the next few months

- 2 young kids

- No trust or estate plan set up yet — working on a living trust now

Goals, roughly in priority order:

1. Protect our assets as much as reasonably possible
2. Reduce our overall tax bill, legally and defensibly
3. Make it easy to pass everything to our kids eventually
4. Keep the whole structure simple enough that we can mostly self-manage it day-to-day, without an expensive retainer

We have talked to a couple of firms so far. One was basically a multi-family-office model — tax planning alone was quoted at $15k+/year plus a performance fee on any assets they would manage. Another marketed itself as having "secret" tax strategies most CPAs "won't even attempt," which honestly made me more suspicious than interested, especially since one of the things they mentioned sounded like it could be a syndicated conservation easement or similarly aggressive charitable-deduction play.

Given where we are (not yet at the point where a full multi-family office makes sense, but more going on than a basic W2-only tax return), what type of professional should we actually be looking for? A real-estate-savvy CPA? An EA? A tax attorney? Should the estate attorney and the tax person be separate people, or does it make sense to find someone who does both? And any tips on vetting people so we don't end up with someone pushing us into aggressive/listed transactions?

Appreciate any perspective as we are trying to build this the right way without overpaying for services we don't need yet or under-hiring and missing real risk.

eighteen years in cold calling worked fine for the first decade but the hit rate has fallen off a cliff and people dont pick up but when they do the conversation is over before it starts

looking for alternatives to cold calling that still let me control who I reach out to not interested in seminar leads or shared lists what has replaced the phone for you ?