I have a middle market, small practice, but it pays my bills and I’m happy. So, I run into this young punk, who I know never had to scrap, haughtily says “they” only deal with HNW. Your response??

like
Posting as :
works at
You are currently posting as works at

No “young punk” in this industry is dealing with HNW clients unless he is teamed with someone that is actually bringing them in. Wish him luck and go about your business knowing you are helping real people. It’s like when I meet a 28 y/o that thinks they know everything about this industry because they have a CFP...

like

Like water off a ducks back. Honestly, do you really care and, if so, why? Good for you to have a nice practice you built, take pride in that.

like

Well I hate to burst everyone’s bubble here but I’m 26 and work for a firm whose account minimum is $10mm... so it is possible that this guy landed a great gig like I did but I don’t walk around like I’m better than anyone either. Don’t let it bother you

like

"You mean your daddy only brings in HNW clients??... Good for him!"

likefunny

Managing partner 1 is on point here. Seriously, reread it. Think. Then move on.

likesmart

I’d say, “keep it up bro, you’re killing it.” Smile and remain happy in your pursuit.

likehelpful

The middle income need advisors too! Keep up the great work.

likeupliftinghelpful

Young punk has never lived through a 2008, 2000 or 1992. His time is coming... Building a practice brick by brick, while frustrating at times is the most redeeming. Keep going.

likeuplifting

So he's not after your clients, right?

likesmart

That’s great. Isn’t it wonderful that this career allows us to pursue whatever market we want. I see every person as worthy of good advice. That makes me happy.

like

And why do you care? I worked for FA that promised me partnership...hired his family member. Family inherited book but I built my own book. There is something to be said about that. I appreciate my clients, pay extra attention to detail, etc. How is ex FA...family running business to ground. I though I’d be happy but instead feel nothing. I am busy focusing on my own practice. Focus on you!!!

like

Tell him to sod off

like

Shine him on... who cares

like

Find you’re niche. If his is high net worth and yours isn’t what’s the difference

like

Related Posts

Looking for a credit analyst relates job that pays minimum of 80K - 100k in Los Angeles. Open to work from the office .

likehelpful

Hello guys I'm new to this application.
Is anyone working in
Uplers?

I'm selected and I've asked for 18lpa
YoE: 3.1years
Stack: Full stack developer (Angular, Java)Uplers

like

Hi, I'm a new member and I need help. I have 31 likes from my posts and replies but I'm still not able to DM others. I suspect it's the first love icon that needs to be 11. What is this love icon with a count of 10, and how can I earn 1 more?

Post Photo
likesmartupliftinghelpful

How long do you think the job market will be hot like this? Is it worth while waiting until June for bonuses?

like

Hi folks,
I want to learn java from scratch but i have good amount of basic understanding about it. but the confusion is can I join any online course or institute or learn it by myself by watching youtube if I leaning it myself we know how the time will be wasted and we might focus on other office works etc..most of the time haven't following the time line those who have learned please give your suggestions and tips. Thanks.!

like

Anyone looking for a job or know someone who is?

like
like

Hyatt free night CAT 1-7. Anyone want to buy this off of me? Can book with globalist benefits.

like

I would go crazy without my CW partner. Who else’s partner keeps them sane?

like

Any Technical Support Analyst that care to share their salaries ?

like

Just got to know VISA doesn't give lease breakage/First month rent/first month rent its kind of they give either relocation of stuff or one of those things (Only 1 option) which is weird to me.. I thought they are big FINTECH company..also they economy class ticket ..which is super low.

like

What is the maximum salary range for application developer team lead in Accenture?
Relevant years experience 8
Total 10

Tech Mahindra Hey guys, I attempted Hackathon by tech Mahindra (for jr java developer 1-3 yr exp). After 3 days I received a call from hr confirming that I have been shortlisted and took hr round on that call. Later I received a document verification mail asking for all essential docs which are required for joining, but didn't received any offer letter yet. When I cross checked mail address with my friend in tech Mahindra, he confirmed that such hr exists with same e-mail id. Is it normal in tech Mahindra?

like

Hi Fishes, can anyone refer me for data analytics profile.

like

Cut my yoga session short today because I was feeling extra sad and overwhelmed. That sucks. Oh oh.

like

The acting SECNAV who fired the TR Captain was an MD at PwC and their global defense network lead. I’m embarrassed as a fellow USNA alumni. Honor, Courage, Commitment huh?

like

Finally back on the wrist after getting the battery replaced. Was a gift so it’s quartz, but that dial hits just right for me, and can’t beat the sentiment behind it. Happy Friday all!

Post Photo
like

I recently left a firm and considering starting my own practice. Any advice on avoiding any issues with my old firm if any clients decide to hire me as their attorney? I have not contacted any former clients or solicited their business. Thank you!

like

I just received an offer on a job I would really like to accept. The salary offer is about 25% higher than my current salary, which I am happy about, but is also the low $ on the range I had expressed to the recruiter and the exact $ that I put on the online application (I had to put a $ figure). Am I being greedy trying to negotiate for a bit higher? Do they expect me to counter? I have been burned by NOT negotiating in the past but who can be mad at a 25% increase??

like

Additional Posts in Financial Advisors

How much would you charge a client with $10 million+ in discretionary fee based?

like

What's the most important news story that no one is talking about right now?

like

Does anyone put money in VAs for a business client? What are the PROS/CONS/DIFFERENCES? Scenario: 5 doctors want principle protection first and growth of principle second. Each doctor is 20% vested. The business is cash rich and time horizon is 3 to 5 years. Thoughts/Advice welcome. I already have the potential company/product with no surrender period so I don’t need referrals but I’m thinking there will be at least one person who only reads part of this post and referred me anyway. :-( TIA

like

There is a special place in hell for people who merge cells and add spacer columns.

like

How do you create more personal (beyond just business) friendly relationships with clients 20+ years older? Where do you find common ground?

like

Does anyone have any idea how well RIA employees are paid? pecifically portfolio managers and analysts who actually run the money for the "lead advisor"

like

Your best strategies for getting business...Not looking for a silver bullet. I am interested in best practices that I might adopt.

like

Just curious, what do you all think of WSJ? Do you think it’s worth the price? I’ve been a subscriber for several years but have been finding myself questioning its worth lately.

like

Anyone else write down short-term and long-term life goals? I've been doing it for the past several years, and it's actually helped a lot.

like

Anyone have any suggestions on a RIA-Friendly custodian for 529 Plans? TD Ameritrade has an affiliation w the Nebraska Educational Savings Plan Trust (NEST). Has anyone had any experience with them?

like

What benefits, perks, and other work life balance things would you like your firm to have in an ideal world?

Do you add clients as a LinkedIn connection after you've sealed the deal?

like

Need some advice bc my work and personal life intertwine. Too much sometimes. Father is my boss. Wife is adamant that when folks come over they take off their shoes. Tried to ask my family...cont

like

I am all for giving back but some people cannot afford to. One client has 1m in an IRA with no other liquid assets + 80k credit card debt. Called today wanting 70k for home improvements.

like

Thinking about having my wife stay home w/ kids. Her job pays 100% of our health benefits today. Curious, are there options for group health insurance through like alumni or other associations? Cont

like

Best non-finance book you read recently that helped you in your career?

like

Thinking of bringing on a new advisor. Just my partner and I rn. Newbie was previously licensed working as a paraplanner. He'll need to get fully licensed. What sort of contract should I offer him?

like

Anyone use a Mac for work? Can it handle Excel and PPT?

likehelpful

Anyone else feel extremely sleepy once 2 pm hits? Any solutions apart from coffee?

like

Edward Jones advisor with 30 million AUM and roughly 250k gross production. Been there for almost 4 years. Got an offer at Merrill Lynch to take over a 100 million dollar retirement transition plan in 5 years, or to join a 5 person Merrill Lynch team that manages a lot.

Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction.

Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets.

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal