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4 years from mow100 HH's$60MM AUMTotally scalableWorking 3 -3 1/2 days a week, taking as much vacation as possible, lots of travel, 3 months in the carribean per year.Thats what i am working towards.
150 HH, 100 million AUM, 1mm+ gross/year. All clients I like, and new clients replace the smaller ones at the bottom of that list of 150. Since I have around 200 HH now, some rube that I trust is working with the other 70-100+ households, and absorbing people I move off of my list of 150.I already work about 4 days/week summer and 4.5 days school year, but I'd expand my time away from about 4 weeks now to somewhere around 10 weeks/year.
I'm honestly not sure. What I'm working towards right now is getting about $2.5 - $3MM a year in net DCA. That will probably take 700 - 1,000 HHs and give me about $60MM AUM if my average HH and average DCA/HH stays the same. I don't want to have that many HHs, but that's where I'm headed.
If you're working them to be sure you're capturing everything they have, I'd think eventually you'll be able to build the top 100-200 into more meaningful AUM/hh and start steering away from the little shit.
Getting to $50 mill by year 5 limiting number of HHs to my ideal client