In the middle of creating my new website for my RIA. Thinking of having a money-back guarantee to attract new clients. It would not be tied to performance, but client satisfaction. Anyone done this?

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

I think it’s a bad idea.

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If you provide a real value to your client, you won’t need a gimmick

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I’ve never seen it done, and you’d probably be opening yourself up to some major compliance issues. How does one measure satisfaction? What happens when you disagree with the unsatisfied client? Work with people who are willing to pay a good fee for good work and hold each other accountable.

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Isn't this is not allowed? I'm pretty sure that it's somewhere in one of the insurance licenses or one of the series exams but I think this is one of the rules of the industry that you can't offer money-back guarantees.

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I think that would cause more headache than needed

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Great idea! After the first market downturn, you can enter the honorable retail trades selling shoes at the local department store and live in your parent’s basement. At least you won’t have to worry about a website!

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Couldn’t that be called rebating?

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Nope, living in someone else’s basement is called “mooching.” If you mean “money back guarantees,” that’s called “lunacy."

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We offer a refund of financial planning fees if the client isn’t satisfied. Don’t advertise it but it is in the contract. Never asset-management fees though.

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Not legal. If you want to offer an incentive, reduce fees by 10 bps if a client refers you a client of equal or greater value.

Related Posts

How is Salesforce project in Coforge? WLB etc..

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How do you get good at thinking on your feet? I find I always need time to think and analyse before being able to answer client queries (even those that are considered simple by others). I don't want to rush and get it wrong. I avoid phone calls for this reason which isn't great when you're in the service industry so it's starting to impact my career.

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I have not been on a project for over 3 months. Since I joined, I have been put in training. The training got extended by a month and now it's close to 4 months since I joined and without a project.

What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

Do I need a client experience letter for first time h1b visa stamping in India
when I work at Deloitte?

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Google referral anyone? Looking at a project manager role I’d be perfect for. :) thanks in advance!

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How is mphasis jpmc client

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I got an offer for senior Salesforce associate for support project. The skill set mentioned was LWC, apex and configuration. Wanted to understand how the work will be for Salesforce support in PWC.

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Is there a special title at your company for a Project Manager that works on product development and not an IT project manager?

An example might include launching a new product from conception through form writing, rating, filing, programming, training, and implementation, or the transfer of products from an acquisitions writing company to ours.

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A quick check. How many of you got the project after joining in coforge? If you got the project is it same client which was promised while interview process? Please respond.

Hi , any idea how is TCS AWS unit ? Is development project opportunity there?

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Jb koi project assign hota h to kya koi email aati hai pehle ya direct hota hai.. For new joinee

Who all started hating Globant India…. Because of stupid..idiotic studio culture

For new joiners…. You have to slog in project….but in appraisal only a**licking of studio leadrs is considered…
Share your experiences.

P.S. left globant 3 months back only because of this reason
P.S.S. New joiners if you mind your own business… you are not good at chamchagiri… avoid globant please

Hi Fishes,
I have been working with Walmart for the past 14 months and have recently got an offer from Blackrock for 45 LPA.
Considering the recession and US market scenario, help me understand if it will be a good move to join BlackRock OR should I continue with Walmart with the current compensation.

PS. I am not happy with growth prospects in the current project in Walmart.

Role : Data Scientist
YOE : 11
C CTC :35 LPA

likeuplifting

I am a contract employee that was just brought on a month ago. I have done well with onboarding and learning their tech. I have now been asked to design an architecture for an upcoming project, and document it all. Nothing at this company has been well documented before. I have a feeling they just planning to use my previous experience and then let me go since my pay is high. Is there a way I can safeguard against this?

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Anyone witness slackers who got into companies you have no idea how? Had a coworker who does jack chit at work besides chatting on Facebook yet lands at a faang company? I guess if he brings the same work ethic he will be spit out for sure. Or maybe he just had no interest in doing project work.

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Dear Fishes, I got C1 Solution Architect in wipro digital and sr manager -project in Cognizant in Mumbai.Cognizant Wipro CTC 34 in cognizant and 32 in wipro. Fixes in Cognizant is 32 and wipro is 27.2
What kind of project and work i can expect from both the company and which will be a best option for mumbai location.

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More Posts

My manager micro manages everything I do, and I’m losing my mind. Wanted to see how any of you have handled a manager like this, and get some advice on how to tell them to literally stop.

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Hello! Looking to relocate to Phoenix, any thoughts on budget for a 2 bed/1-2bath? Within commuting distance to Tempe, in unit w/d! Also any areas to look at?

Does AbbVie have a four day work week?

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Maybe this is the socialist in me but shouldn’t Moderna and Pfizer waive their patent exclusivity for their Covid vaccines? Don’t we have a moral obligation for the world to vaccinate as many people as quickly as possible?

It blows my mind that many countries won’t be able to vaccinate most of their people until 2023. There should be access to vaccine generics

likefunny

Took my first ever sick day today on account of my very poor and worsening mental health. Just could not bring myself to put in another 14 hour day with back to back meetings and constant activity. Felt very guilty but I honestly wish I could be more honest and actually share with my manager about why I took a day off.

For those also going through this, any tips on how you manage yourself day to day? What self talk tends to help?

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I am a cashier and I was under the impression that we were still required to wear masks on a federal level. Is this not true?

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Is the bench larger than normal?

With everyone seeming to be “hiring” I’ve had job interviews with various firms: EY, Plante Moran, Doren Mayhew, Rehmann, to name a few..
Apparently I just suck at interviewing, or the firms in my area are not hiring. 🤦

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Hi , any idea how is TCS AWS unit ? Is development project opportunity there?

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Whenever I am trying to apply for job from TCS i begin portal it gives an error like
'You cannot Apply against other jobs as you are a Placement Agency Referred candidate '

how can I fix this?


PLEASE HELP 🙏🙏🙏🙏🙏

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What are some exit opportunities for a senior auditor 3 years of experience on commercial (mainly manufacturing/ batteries) clients?

funny

Jb koi project assign hota h to kya koi email aati hai pehle ya direct hota hai.. For new joinee

Our agency (within IPG) is hiring two roles: VP of UX with a research and design background and a Senior UI Designer. Roles can be remote but they’re targeting folks on the East Coast or NY ideally. It’s a fantastic culture and you get to work with amazing people. I joined the company a few months ago and am loving it! If interested please DM me and I can set up a referral.

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Friendly reminder that if your company doesn’t give you at least a 6% raise this year to account for inflation, they’re essentially giving you a pay cut. Time to start looking elsewhere!

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Just watched the new Matrix. Reassures me that the Metaverse is a disaster waiting to happen. A simulation weaponizing the things that are important to us (status, freedom to be "yourself," etc.) and using it to entrap us in their world. Call me old-fashioned but watch it and see for yourself

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When are we supposed to receive the official GSAP acceptance email?

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Looking for a accommodation (1 Person) in bangalore, near prestige tech park area..
Might be moving on or before 1 Aug..
Please let me know if anything has it???

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YOE 15+
IBM 34 LPA
Global Logic 39 LPA
PM Role, Bangalore location.. which one should I choose? Please let me know.. IBM is not ready to negotiate.

What recruiters, if any, do MBB/Tier 2s use in London? Interested in strategy/m&a in particular

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Additional Posts in Financial Advisors

Any book recommendations? Here are a couple that I've recently recommended:1) Freakonomics2) Super Freakonomics3) The Big Short4) Never Eat Alone. Please add as you see fit!

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CFP thinking of taking a few month career break to search for a new position. Need a recharge and to reevaluate, not to mention time to search. Would this be a mistake? Thanks

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Anyone here in Santa Barbara CA?

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Does anyone think there is long-term viability in Cryptos?

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$5M client with $1.3M in taxable account currently allocated 75/25. He is retiring 31 Dec. I am going to move his taxable account to 30/70 to live off for first several years of retirement and ..cont

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How many of you hold the paranoid illusion that you're a fraud at what you do and will eventually be exposed for all to see?

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Not a CFP so I’m not truly in the know. That said, if I’m reading this article right, 10/2019 to maintain your CFP, you will have to drop your 7 license if you are dually registered?

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Anyone discussing protective put options strategies with retail clients?

If you loved your small independent broker dealer but they had just been acquired by a much larger corporation which does have benefits in terms, mostly, in technology, but you lose your “family” in the home office, what would you do and who would you look at if you were considering a change of your own?

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Long drive tomorrow. Does anyone know of any on demand CFP continue education courses out there? I’d love to knock out 15 hrs of CE on this drive, if able. 🤦‍♂️🔫🤢

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For those who have worked with the federal marketplace, is anyone aware of a strategy for marketing directly to soon-to-retire federal employees?

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What do you think of Prudential's VUL policies? Do you think their prices are competitive? What do you think of the investment options inside their VULs?

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Anybody deal with large clients? In the tens of millions? How would you handle this?

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E&O insurance premiums others are paying? We have $140k AUM and Hartford premium is $5200. High or average? 2 Advisors, basic mutual fund diversified portfolios, no high risk assets in book.

likesmarthelpful

My firm is currently hiring to our financial planning team. We are a rapidly growing firm! Our department has a career path to both the advisor side and corporate planning roles.If you are interested or know anyone who is, please reach out to me! We offer a flex schedule so you must be near one of the geographies!

Locations:
- Torrance
- West Los Angeles/Westlake
- Vancouver, WA
- Portland
- Seattle
- Boston
- Austin
- Irvine
- Dallas
- Houston
- Philadelphia

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If pitching one stock was old school cold calling, what’s a new school cold call like?

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Hey fish: what are some of your favorite business/self-help books?

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What do you do when your client doesn't understand OR appreciate your work?

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I’ve got my 7, 66, CFP, and CIMA with roughly 3.5 years industry experience. I started a new role at the paraplanner level… is this a bit of an undersell? Or is that along the industry timeline?

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We get paid to be right all the time, to have the answers when other don't. I love being right. It drives me. But it's driving my relationships into the ground. Anyone have any good advice?

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