Introduction
Printed From: Advisorheads
Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=17729
Printed Date: Mar/27/2026 at 12:01am
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com
Topic: Introduction
Posted By: CFLRS
Subject: Introduction
Date Posted: Nov/07/2020 at 9:58pm
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Hello! I'm fairly new in the industry (5 years), but feel like I'm going in the right direction. I'm an independent advisor with a small firm that does about 70% annuities / 30% securities. Personally, I do roughly the opposite. I have my series 6, 65 and 7. I do about 70% "managed accounts" under an RIA, using some 3rd party models and some of my own. The other 30% is composed of FIAs and VAs. I'm trying to grow into more of a "portfolio manager". I'm hoping to grow my AUM a little more and then transition to functioning solely as an IAR (under current RIA). I've explored forming my own RIA, but don't think that is the right fit for me. My firm and primary RIA treat me well. The main problem I'm facing, though, is I don't have much in the way of mentorship in portfolio management. Most everyone I know is more interested in selling annuities or just doing basic 3rd party managed AUM, so I'm mostly learning on my own. I hope to use this forum to see what others are doing for their practice, their investments strategies, and their day-to-day operations.
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Replies:
Posted By: luvindy
Date Posted: Nov/07/2020 at 10:55pm
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In first. ------------- 8/31/12,Sportsfreak: "If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
Posted By: advisorman
Date Posted: Nov/08/2020 at 8:09pm
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I hate you now Luv. Broke my steak. How much AUM? ------------- King of sarcasm and speling |
Posted By: CFLRS
Date Posted: Nov/08/2020 at 11:02pm
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$5M - My average client has about $300k in investable assets. I did mostly annuity business until the last year or two. The more I've learned, though, the more I'm steering away from annuities. I have about $5M in annuities on trail. I've written about $4M per year for the last 3 years. I was hoping to take a big step forward this year, but with all things considered, I'm happy with my $4M for 2020. I have a somewhat unique situation in that I have a comfortable little niche, so I don't have to do a lot of marketing/prospecting. I also have another income stream that covers most of my living expenses, so I work part-time, keep my operating expenses low, and generally keep my client base composed of individuals I enjoy working with and genuinely care about. If I can get to $20-25M in AUM in the next few years, I'll probably just coast from there.
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Posted By: advisorman
Date Posted: Nov/09/2020 at 9:24am
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What niche? ------------- King of sarcasm and speling |
Posted By: CFLRS
Date Posted: Nov/09/2020 at 9:43am
| I'd rather not say. |
Posted By: missionshooter
Date Posted: Nov/09/2020 at 10:19am
| Annuities are bad Ken Fisher told me so. |
Posted By: luvindy
Date Posted: Nov/09/2020 at 10:50am
What type of niche is it? ------------- 8/31/12,Sportsfreak: "If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
CFLRS wrote:Posted By: Wet_Blanket
Date Posted: Nov/09/2020 at 11:25am
------------- The true 🤡 was the Biden voter all along. |
Posted By: CFLRS
Date Posted: Nov/09/2020 at 12:41pm
I'm sure this is a sarcastic statement, but I'm going to reply anyways. I think they are an investment tool that has an appropriate time and place, like any other. But I've started to see firsthand some of the negative aspects of annuities that people are wary of. The other members of my firm have a different client demographic than I do, so I understand why they use them, but they don't fit the needs of most of my clients. My niche is a small one. It pertains to my previous employment/income stream. Recently some other reps/agencies people having been nosing around in it, so I try to keep it under the radar. Once I hit my AUM goal, I'll tell you all about it!  |
Posted By: advisorman
Date Posted: Nov/09/2020 at 1:00pm
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Glad you didn’t share. These guys on here are really tricky and will find out so you won’t joy your goals! ------------- King of sarcasm and speling |
Posted By: Guests
Date Posted: Nov/09/2020 at 1:27pm
People never want to share their secret mutual funds, their secret niches... And I was totally going to steal that niche.
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Posted By: WarPig
Date Posted: Nov/09/2020 at 1:32pm
| I worked the stripper niche for a bit with another advisor. This was early in my financial advisor career. This is my first time divulging it. I'll let them share more if they want but while it didn't bring in a ton of AUM there were other benefits. |
Posted By: Guests
Date Posted: Nov/09/2020 at 1:35pm
| one of my clients at Jones' was a stripper. |
Posted By: CFLRS
Date Posted: Mar/09/2021 at 6:22pm
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Haven't visited this board in a few months and no longer can view/post in certain areas. I see that there has been some changes, but can't find specifics on the new requirements to obtain certain permissions. Any help?
Edit: Nevermind, it seems that making the above post has solved the issue. |
Posted By: missionshooter
Date Posted: Mar/09/2021 at 7:35pm
| Welcome back. I missed you |
Posted By: DRCap
Date Posted: Apr/02/2021 at 1:25pm
| posting for access. |
Posted By: advisorman
Date Posted: Apr/02/2021 at 4:33pm
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You have to find the secret niche to gain access to all the forums. I’d rather not tell you direct ------------- King of sarcasm and speling |