{ "media_type": "text", "post_content": "I have almost 3 years working for a RIA (first and only job). I really like the company, colleagues, culture etc. I started as an analyst and now my role is portfolio management. I have also brought some clients to the firm (around $6M). My compensation is okey, but I would like to make more money. What are ways of adding value to the RIA other than bringing new clients?\nOn prospecting, do you have any tips for a 26yr old on how to get new clients? It is not easy nor cheap to meet HNWI in miami", "post_id": "60fa0599b34ec1002a657a39", "reply_count": 17, "vote_count": 3, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

I have almost 3 years working for a RIA (first and only job). I really like the company, colleagues, culture etc. I started as an analyst and now my role is portfolio management. I have also brought some clients to the firm (around $6M). My compensation is okey, but I would like to make more money. What are ways of adding value to the RIA other than bringing new clients? On prospecting, do you have any tips for a 26yr old on how to get new clients? It is not easy nor cheap to meet HNWI in miami

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

Do you mind sharing what your current comp is?

If you are/become the “lead” advisor for some clients I think you could also negotiate a % of the revenue incurred by those clients too.

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Are you trading/billing on held away accounts? (401ks, 403bs etc) My company’s platform is used by advisors for increasing AUM from current client as well as prospecting for new business.

Company name is called FeeX. Feel free to email me at jack@feex.com for additional info.

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That’s the only way. I’ve been in business for 23 years. Build your own book of business and start your own RIA. You’d eat what you kill.

We had a few in the last 14 years. We faced the challenge by putting a strong opposition assuming you have done nothing wrong and someone is just trying to @break the bank” with you. Opportunists are everywhere but we are extremely selective. Our onboarding takes more time than the wirehouses where the rat chase forces you to throw in anything that sticks. When you own your business, it isn’t about numbers anymore but quality. We fire clients who are problem-makers and aren’t happy. Just show them the door! It’s a good riddance and makes your business stronger in the end. I personally detach clients once a year and wave them goodbye. Instead of managing 100 households, focus on 50 with 20 mm each. You’d be much happier, healthier and better motivated. It’s important to only keep clients that appreciate you and show it! Ask for their testimonials. The SEC is allowing us to show them online now. If they ghost you, you know what’s going on. Get working on sending them good bye😆

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So you are reading this because you are disappointed with the way life is going. You want more and not sure what path. All these offers are great but you are learning to be an employee FA. So while you research your options consider an agency building approach. I am looking for individuals who want more than just a license working for a firm with quotas, and answer to a boss. Come work with us, build an agency with residuals from many sources. Have freedom to be self employed 1099. Call your own hours/ days. No quotas. License reimbursement options, for life/ health/ 6,63,65. Availability except NY. 6037071355

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