I designed a potential financial planning practice structure a year or so ago. It has been my backup plan if Radical Personal Finance were unable to be financially productive. (It’s probably still a backup of a backup.)
In light of the Episode 139: “My Advice for People Interested In Getting Into Financial Planning,” I decided to follow up with some specific ideas for a practice I considered creating.
Here are my ideas.Â
The show includes a discussion of:
- The problem of providing planning for middle-income households
- The idea of a planning model for a monthly fee
- How to align advisor and client incentives
- The benefits of a virtual financial planning meeting
- The importance of having a clear marketing plan for your practice
- Ideas for building trust
- The importance of demonstrating expertise
- The importance of a niche market focus
- Limitations on income with this model
Enjoy the show!
Links:
Joshua J. Sheats, MSFS, is the world's leading authority on integrating lifestyle goals and money goals without conflict. He teaches normal people how to seamlessly connect the science of financial planning with the joy of goal achievement.
Joshua is dedicated to helping normal people achieve financial freedom by merging creative (and crazy) ideas from the world of personal finance with the academic integrity of formal financial planning. He simplifies complex money topics and makes boring financial mumbo-jumbo less boring.
