I would greatly appreciate some fun/engaging/stimulating lesson plan ideas for high school students.
Hi Fishes what is notice period in kyndryl in probation period.
How many months is probation period
How to pin a post in fishbowl
Have you all heard about this new thing called "quiet quitting"? Must be nice! Really wish people would just leave their jobs if they don't like them. Imagine if all of us "quiet quit".
I’ve been a registered nurse for about four years (ambulatory care & I loved it but felt like I missed something not being inpatient) and been a little lost. This past year has been terrible w/ jobs & have had about 5 some contracted some just so awful the stories would blow your hair back & I had to walk out. Finally, I decided to take a telemetry inpatient nurse job & I’ve been there a month & just got another job back in ambulatory. Can some one please give me advice of what I should do.
Housing Recommendations? Working on a hybrid schedule near North Loop Terrace. Studio/1br preferred - but it seems prices have gone way up in the last year.
What are some sleep training methods that you have tried and what worked? 4.5 month old and keeps waking up throughout the night recently. Tried not responding right away but she will just cry for 30+ minutes until we cant take it and go in to soothe her
I'm looking for entertaining podcasts to listen to. I've listened to Lore, and love how it's more storytelling than random conversations. What would you guys recommend?
Going to be in the market soon for a new car (sedan) to replace my old warhorse (2006 Camry). Considering a Lexus ES (both new and very lightly used - less than 10k miles) and Tesla 3 (only new, both in the same range depending on trim and options chosen). Primary factors are:
1- Reliability ; 2- Total Cost of Ownership; 3- Smooth and luxurious ride . Plan to keep car for 15+ years. Any recommendations on one vs the other? Or any other option I may have missed in this price range?
LTI Hiring # Salesforce # Einstein #Project Manager# Service Max
Let me know if you are interested.
Any ACCA students register for an exam using the new website? No combo of dates or locations ever works under 'Add Exam'.
My lower back randomly hurts when I am shifting positions or getting up. I’m in my mid twenties - has anyone else experienced this?
Can someone help me understand the difference between Fidelity Investments and Fidelity International? Also what is the pay scale of Performance Analyst at Fidelity International
What is your take on The Comey Rule (SHOWTIME)?
Additional Posts in Financial Advisors
Currently an FA within the banking channel with CFP & ChFC. Need to make a move, but not a huge portable book to bring. I currently make 6-figures and would like to continue to do so at my next firm and still be able to grow. Willing to buy a book as well.
Every other week I host an Advisor meeting for the advisors in my branch. I like to mix up the topics. What topics would you suggest or have been valuable to as you have attended similar meetings?
Anyone with US Trust as a PCA? Looking for additional details in terms of the culture, day to day type of things and how you’re doing there vs. what the recruiter stated was the average?
Do you guys leave out reading material for your prospects/clients while they wait in your office? Thinking of magazine, newspapers, etc. to keep them occupied and make things less awkward
so I have mostly been a commission broker throughout my career, trading stocks and bonds with a little bit of fee based on the side. I am only going to be doing fee based going forward for
Knowing your work-life balance now/happiness, if you could go back to when you started, what would you honestly say to yourself? Persevere or quit? New associate here slowly turning into a zombie.
How do you guys deal with portfolio drift? My personal portfolio has drifted due to great performance. Now my dilemma although good is do I reduce it. The problem is this investment drifted from 20% target to 25% but I still think it’s undervalued.
For my FAs who are also CPAs (or anyone who knows I guess 😊) - do you know if there is a way to simultaneously get your CPE for the CPA while also preparing for the CFP? Continued in comments...
Audiobook recommendations? Currently listening to The Subtle Art of Not Giving a F*ck and I'm enjoying it, but I'd also be open to listening to novels aside from self help books.
Am I the only one that can't stand "rob your neighbor , "white elephant or any other stupid game played at office parties?
It’s same people, wining and complaining when mkts are down over short period of time they are losing Money.Yet their accounts have substantial gains >50% in 2 years. Same conversations wearin me out
Thoughts on asset allocation / recommendations for improvements? House savings is essentially ~3-5y savings. Didn’t include tickers but plan to choose an Etf for each, both active & passive
Best coffee brand?
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The sooner you realize it’s a sales job the better off you’ll be. Market will grow your AUM 10% every year. I will grow my AUM by another 10%(ish) per year and just completed my 6th acquisition which is where you can get a huge shot in the arm. (Another 15-20% per year in acquisitions). Demographically, the business has a huge gap. You have a very large amount of advisors 55 and above and a large amount of advisors under 30. The guys in the older group are burning the younger guys out of the business. The older guys are looking around trying to monetize their books. Be prepared...have the relationships and the financing. Also, continue to grow your book the old fashion way. Get wholesalers to help you bring in speakers and pay for dinners for your clients. Do exceptional things and be memorable. Advisors are a commodity. Everyone has sweet software to pick the right stock or fund...create an experience.
The question is hard to answer as it depends on where you are now and where you are trying to be. For me it's about net new assets and new relationships. I target 5 new relationships per year and $6,000,000 of new assets. I've been doing this for 18 years and have been fortunate to build a successful practice. I'm working on streamlining my efforts even more and adding more value to my relationships. Most of my new clients come from referrals or from niche prospecting. I'm 40 years old. I started 6 weeks out of college dialing for dollars. I worked 12 hour days and weekends. My clients have become a part of my family. When I first started my manager said 7-10 million a year for 3 years or you won't make it. Most didn't. I'm still around
I always said if I could bring in 5mm new money every year I would grow a very successful business. With market growth and the majority of years ending up over 5mm, I would say it’s worked.
Well with my more mature book of business I send out about seven and a half million a year in dividends interest and rmds that people have depended on me to guide them to in their retirement years. I also turn around and bring in about 10 to 12. So I think it's a function of both. I bet a lot of newer books a business and younger a face don't have to deal with saying goodbye to seven and a half million every year.
Btw...I consider myself a medium fish...$250-350k in net. The guys I know killing it are making upper six figures or low 7s. I’m just trying to observe their playbook and duplicate it.
Most older advisors arent growing their books. Most get complacent or are content(nothing wrong with this just stating a fact). I suspect the rainmakers would be rockstars in any field. It's sales - hard work - and time. There are a lot of "big time" advisors who do nothing but sell high commission products. Wire houses recruit kids into programs have them bring their parents and parents friends money then the advisor keeps the assets when the kid quits or fails out. Build a process which you can scale your business so you maximize your time. Make 25 contacts(not calls) every day. Understand how many contacts lead to new meetings/new Clients. Do the things competitors aren't willing to do.
You need to bring 1MM per month in new investable assets
Following. I’d like to know from a middleman not so much the big fish
I really started meeting other advisors when I was studying for the CFP and taking classes about 10 years ago. I became friends with them and still get together with them to share ideas and best practices. I changed how I viewed advisors...potential partners rather than competition. My first deal was very small. It was a primarily life insurance focused advisor with about $10 million AUM and $40-50k gross. I just inked a deal in August for about $45 million in AUM with a one man shop generating about $250-260k gross. It came with a much needed assistant. It was a harder deal because he isn’t with the same BD so we’ve been running around seeing all his clients and getting them to move over.
our team (3Fa) has right at 340M in pure advisory assets. Over the last few years we are averaging about a 5% growth rate. Right at 1mm a month basically in new accounts. Add in current clients giving is additional wallet share and it would move up to around 7/8% I would guess. Our growth rate could probably be a little quicker but we have bought a few books recently. I’m not including those buyouts in the above growth rate. But onboarding those new people defiantly takes up time and takes away from new client growth.
What is everyone paying when they are buying out a book? How are you structuring the deal?
Following as well
Where are you finding the firms or individuals for your acquisitions?
250k per month or 10-25% annualized growth.