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Anyone ever had to deal with another advisor or finance guy in your group of close friends? I don’t have an advisor I’m in direct competition with for clients but there’s a finance guy...continued...

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There’s a finance/investment guy in our group and sometimes it makes me feel a little uneasy. He’s actually a corporate finance guy with an interest in investments. Most of our friends or extended group are my clients and 99% of the time in social settings it’s fine but I’m always nervous about him bringing something up that I’ll later have to deal with or him eventually getting into our business and it becoming a direct competition. He recently made a comment about making 50% returns and one of our friends(and my client), challenged him on that, basically calling BS. One of my other friends and clients was standing there and he doesn’t really know the guy and he jokingly said something about it to me later in the evening. I think he understood to take it with a grain of salt but it’s been on my mind ever since bc we are most certainly not making 50% returns. We are not day traders and Idk how in this market you can make 50% returns. like the guy but I don’t like the uncomfortable feeling of him being so close to other clients and potentially planting seeds of doubt when I know we work hard for them and are doing what’s realistically possible for them. Any thoughts, insight, or advice?

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