An older RIA is offering me $80k base pay for two years and $30M in fee based assets he’ll transfer over to me over the next 3 years. Should I take it?

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Works for a mid size company with a solid marketing base and regular leads coming in. Avg. fee is 1% (firm takes .40). $80k is tight the first year but I should be good after that. Future growth should be solid.

I’d be working with a current partner (who I know and like) who is already established and will be receiving the other $30M in this guys book.

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If you don’t want it , I’ll take it! Haha. I’m being paid 36k for 3 years, paying my own taxes on that, with no guarantee of any assets ever being transferred. So sounds like a pretty good deal.

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No... don’t take it...look for something better. Send me their info so I can give them a piece of my mind for trying to rob you /s

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Unless you are in a very high cost area....sounds like a great deal to me as long as you are personally compatible

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Judging by the looks of it - seems like a good opportunity.

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Done Deal
Shouldn’t even be a question unless your current situation is better or believed to become better

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Depends on what your situation looks like. How are you finding prospecting, converting prospects to clients, how would an $80k income look to you, could you still grow your practice or would you have to solely work with him?, what does the book consist of (10 clients or 100’s), what are the fees?, cross-selling opportunities?, etc. Hopefully that helps get you started on the dialogue.

30 in fee based is nice. I’d take it

You'd be crazy not to

Uhhhhh absolutely if you are starting from scratch

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