Fantastic episode!! I’m currently a registered CSA and interviewed for an advisor role today - interviewer asked me why I’m wasting my time as an assistant 😂 listening to this podcast reiterates his sentiment Couldn’t agree more about the lack of training and the acronyms - this is a role that needs to see change
46:34 What a fantastic answer - theoretically great, in practice a minefield. I think Blair is right that there should be more people like her in this industry, hopefully to drive up competition and push down new client minimums!
Learned a lot from this episode. Perfect timing as I'm in the process of applying for a Financial Services Representative at Fidelity. Because of this episode, I'm adding to my resume skills: Good Listener, people person.
@@bryonsviewI heard the same from everyone I talk to. I need to get sponsored to take the series 7 / 66 test. I wish there was another method to take the exams but I know of no other.
Hello queens, At the beginning Blair said something like about doing this job "It doesn't leave you". Oh, so true. Especially when you add clients dying and aging issues to the mix. It was so much easier when they were all young too busy raising families and in mega accumulation mode! I was expecting the AUM minimum to be higher but I did not think it will go north of $7 Million. I will not feel guilty going back to the In-n-Out food truck at Future Proof lol. Very good advice for aspiring newbies in the industry. Biggest asset to have is...empathy. Not sure how much of that you are born with and how much you can develop it, something one day after I retire I may study it. George
A better answer is that I am a Registered Investment Advisor NOT a Financial Advisor. Why? Well, here you go: "Financial advisors (FAs) and registered investment advisors (RIAs) are both financial professionals who provide guidance on money management, but they have different areas of focus and are regulated by different bodies: Financial advisors A general term that can refer to a registered financial professional, also known as a registered representative. Financial advisors may consider a client's entire financial life, including investments, taxes, retirement, and estate planning. RIAs A legal term that refers to an individual or company registered with the Securities and Exchange Commission (SEC) or a state securities regulator. RIAs are also known as asset managers, investment counselors, investment managers, portfolio managers, and wealth managers. RIAs focus primarily on investments, such as stocks, bonds, funds, real estate, and private equity. They may help clients develop diversified, lower-risk portfolios and complete trades on their behalf, but they are still bound by a fiduciary duty to act in the client's best interest."
Getting into the industry, it's alarming to see how some life insurance agents try to sell certain products. It's disappointing that changes in life insurance sales practices haven't been implemented. Many of these agents call themselves financial professionals or use obscure titles to mislead average clients into trusting them. It infuriates me that my parents were taken advantage of by one of these salespeople.
I’ve never micromanaged my financials. It’s reassuring to hear a professional here say first max out your savings, then don’t get caught up trying to budget the remaining funds.
This episode goes deep in great financial advice. How many of you would be happy if you have the detailed notes of the podcast so that after listening this podcast you can have and read the important stuff in 10 mins anytime you want. Let me know your response.
Yo! 😮 $7M minimum? None of the employees will ever become a client. Especially Michael the way he spends on cars, jet skis and mudrooms... PS this makes Jillionaires sound poor 😂
Thanks to Fabric by Gerber Life for sponsoring this episode. Go to www.meetfabric.com/JILL and start investing in your child’s future today.
I'm enjoying these interview series with Jill. They're super chill and I learn a lot.
Love to hear it!
Ask the Compound with these brilliant women would be incredible. I vote YES!
Fantastic episode!!
I’m currently a registered CSA and interviewed for an advisor role today - interviewer asked me why I’m wasting my time as an assistant 😂 listening to this podcast reiterates his sentiment
Couldn’t agree more about the lack of training and the acronyms - this is a role that needs to see change
Should Jill be offered an even better gig I'd be happy to watch Blair on Money.
46:34 What a fantastic answer - theoretically great, in practice a minefield.
I think Blair is right that there should be more people like her in this industry, hopefully to drive up competition and push down new client minimums!
Learned a lot from this episode. Perfect timing as I'm in the process of applying for a Financial Services Representative at Fidelity. Because of this episode, I'm adding to my resume skills: Good Listener, people person.
Don’t do it lol
@@bryonsviewI heard the same from everyone I talk to. I need to get sponsored to take the series 7 / 66 test. I wish there was another method to take the exams but I know of no other.
So when she said she had a $7,000,000 minimum that eliminated 99.5% of us.
That's a $50k siphoning from someone's portfolio, annually. I'd be happy to walk you through a Boglehead portfolio for free.
Thank you for all your hard work ❤
Hello queens,
At the beginning Blair said something like about doing this job "It doesn't leave you". Oh, so true. Especially when you add clients dying and aging issues to the mix. It was so much easier when they were all young too busy raising families and in mega accumulation mode!
I was expecting the AUM minimum to be higher but I did not think it will go north of $7 Million. I will not feel guilty going back to the In-n-Out food truck at Future Proof lol.
Very good advice for aspiring newbies in the industry. Biggest asset to have is...empathy. Not sure how much of that you are born with and how much you can develop it, something one day after I retire I may study it.
George
Great episode! Thank you!
Glad you enjoyed it!
excellent episode, thank you
Nice interview. There are plenty of annuities that have features that serve people well. They aren't homogeneous.
Such a good conversation
A better answer is that I am a Registered Investment Advisor NOT a Financial Advisor. Why? Well, here you go:
"Financial advisors (FAs) and registered investment advisors (RIAs) are both financial professionals who provide guidance on money management, but they have different areas of focus and are regulated by different bodies:
Financial advisors
A general term that can refer to a registered financial professional, also known as a registered representative. Financial advisors may consider a client's entire financial life, including investments, taxes, retirement, and estate planning.
RIAs
A legal term that refers to an individual or company registered with the Securities and Exchange Commission (SEC) or a state securities regulator. RIAs are also known as asset managers, investment counselors, investment managers, portfolio managers, and wealth managers. RIAs focus primarily on investments, such as stocks, bonds, funds, real estate, and private equity. They may help clients develop diversified, lower-risk portfolios and complete trades on their behalf, but they are still bound by a fiduciary duty to act in the client's best interest."
Getting into the industry, it's alarming to see how some life insurance agents try to sell certain products. It's disappointing that changes in life insurance sales practices haven't been implemented. Many of these agents call themselves financial professionals or use obscure titles to mislead average clients into trusting them. It infuriates me that my parents were taken advantage of by one of these salespeople.
I’ve never micromanaged my financials. It’s reassuring to hear a professional here say first max out your savings, then don’t get caught up trying to budget the remaining funds.
Great video!
excellent interview
Thanks for watching!
Party On 🥳✌️
29:36 Podcast really starts here
This episode goes deep in great financial advice.
How many of you would be happy if you have the detailed notes of the podcast so that after listening this podcast you can have and read the important stuff in 10 mins anytime you want.
Let me know your response.
Timecodes?
Yo! 😮 $7M minimum? None of the employees will ever become a client. Especially Michael the way he spends on cars, jet skis and mudrooms...
PS this makes Jillionaires sound poor 😂
I just saw this and I am only a few minutes in. Where is this?
Jill a little more cuckoo than usual, but speaking her truth, freeing even if at the guests expense.
You kept interrupting your guest whenever she started saying really interesting things
My husband is an entrepreneur.... followed by he stays home with the kids. Lol.
Euphemism spins at its finest.
$7M in NOLA is big -
$50k annually in fees is big anywhere.
They never put you first
❤❤
Boy does Dave Ramsey shred Gerber. Brutal.
These videos really need to be sectioned off by topics like the other compound videos do.
Host bugs me
Guest is outstanding
C’mon Mike
@@irwinjones3960 haa okay my bad
CFP is overrated. I’ve talked to several CFPs who are CLUELESS about financial planning concepts.
Darn I have a variable annuity.