Weekend Content for New Planners

Weekend Content for New Financial Planners (September 12-13, 2020)

“Weekend Content for New Financial Planners” is a collection of articles, podcasts, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more.

Samuel Deane’s origin story, mission, and well-developed niche:

“When I sit down with clients that work in tech and they’re looking for an advisor, I’m really confident that that client will choose me because I’ve built the business specifically for this demographic.”

Finding And Growing A Purpose-Fueled Niche (Steve Sanduski, Between Now And Success)

A more effective approach (though potentially counterintuitive) for reassuring clients:

“By blindly espousing the ‘it’s not different this time’ mantra, you may be creating more stress, which is the opposite of what you intend. According to experts, too much “forced positivity” can be toxic. Of course, we want to believe everything will turn out alright. Perhaps an effective treatment or a vaccine will be found and life will return to normal. But putting a positive spin on what’s obviously a dire situation trivializes legitimate concerns and can be counter-productive. As one expert correctly noted: ‘…promulgating messages of positivity denies a very real sense of despair and hopelessness, and they only serve to alienate and isolate those who are already struggling.’”

It May Be Different This Time (Dan Solin, AdvisorPerspectives.com)

Recent survey detailing robo-advisor adoption:

“Across demographic groups, use of robo-advisors is highest among consumers with at least $500,000 in investable assets, according to a survey of more than 5,400 households by data and analytics firm Hearts & Wallets. Nearly half of consumers using an automated portfolio consider themselves either “experienced” or “very experienced” at investing, and 57% of these investors also use financial professionals. Robos are making inroads with wealthy millennials and experienced investors, something that should concern established firms,” Laura Varas, CEO and founder of Hearts & Wallets, said in a statement.”

Who Actually Uses Robo Advisors? New Data Reveals Surprising Answers (Ryan Neal, Financial-Planning.com)

9 proven tactics for building professional relationships:

When I was 21 years old, I had just graduated from UC Berkeley, worked at a cubicle at Intel, and was living at my mom’s house. I had 0 online presence, network, or mentors. Fast forward 20 years later and MUCH of my success can be attributed to the people I’ve met over the years. Tim Ferriss, Andrew Warner, my biz partner Chad Boyda, referrals to my lawyer Derek Newman and many more.”

How To Win Friends And Meet Influential People (Noah Kagan, OkDork.com)

Embracing your competitive streak:

“Entrepreneurs who have this strength like to have timelines, deadlines and day-to-day performance targets both for themselves and their team but can also get in their head when things don’t go their way. Instead of looking at a competitive spirit as an unattractive quality, come to appreciate it as an important asset in being an entrepreneur.”

Why You Should Embrace Your Competitive Personality (Nick Wolny, Entrepreneur.com)

The 5 main ingredients for every successful studying schedule (CFP® exam anyone?):

“The correct answer is that the perfect routine is one you can stick to and will let you reach your goals. Everyone has different personalities, constraints and preferences—so the perfect routine will be different. That’s true, but it’s also unhelpful. Obviously some routines are better than others, even if we’re all unique. Instead of specifying an exact routine—let’s look at the ingredients any such routine would have. Get the essential recipe right and the spices are up to you.”

The Perfect Studying Routine (Scott Young, Ultralearning)

What topic resonated with you? Comment below!

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