How I Built My Financial Advisor Business in 5 Years
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- Опубликовано: 20 окт 2024
- I have been a CFP financial advisor for 5 years and have learned a lot while building my managed investments to over $10Million Dollars. These are the biggest pieces advice I can give to new financial advisors on what to expect, what to do, and what to avoid doing in your first 5 years as a financial professional.
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Josh Olfert is a professional CFP financial advisor and the Founder of Haven Wealth Management investment fund based out of Winnipeg Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal investing to the world, in an effort to improve financial literacy and help everyone achieve their financial goals.
All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.
Have one more exam to go (Series 65) to get in office and start trying to build my book of business and the main thing mindset I’m adopting is “I’d rather grind myself into a pulp in my 20s for an easier life in my 30s on and be able to enjoy my family, and start my own business and take risks”
Absolutely love that! Its the exact same mindset that I feel positioned me pretty well for adulthood. All the best! You’ll crush it.
@@JoshOlfertCFP thank you! Keep posting content like this. I’m curious to know more how you overcame the challenge of talking to people who have already built their wealth and convincing them you are able to protect and even grow their wealth.
Congrats on 3k Josh!
Thanks Max!!
Man, these videos really help me! I am approaching my 2 year anniversary, and what you are saying is on the money.
I appreciate this video a lot.
Amazing! Glad these resonate Shawn.
Love this! Didn’t know you were 19! You 100% deserve all of the success you have accumulated!
Started in the career at 19! 25 now.
I destroyed my brand value a bit with overbooking podcast guests! Lol just made me reflect!
Taking my Series 66 in August. Officially start with a firm in September. Was feeling nervous but have been watching your videos. Thank you for sharing your journey! I feel more confident and not as lost wondering how I was going to prospect. Thank you, thank you!
Amazing! You got this. Thanks for taking the time to watch!
I just started the associate program with Morgan Stanley and this video helped me out so much so thanks! Looking forward to future videos
Love to hear it!! Thank you brother 🙏🏽
Very interesting insight. Early in my life I thought about going down this path but I ended up going the engineering route instead.
Finance is more of my fun side project. Manage my own assets.
That’s awesome! If you can do it well on your own you’ll save yourself lots of money.
I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.
Subbed Josh, thanks! Any input about Northwestern Mutual?:)
As an advisor growing an independent practice, this is spot on, but if you can make if through those first 5 years living like most aren't willing to it will get better. 10 million in AUM is a big milestone along with 100 clients. This is a people first business, growth will happen one client at a time. This business requires some patience, along with sacrificing short-term gratification for a better future 10 plus years out.
Couldn’t have said it better!
… I mean it clearly takes me 8-12 minutes to say that.
@@JoshOlfertCFP Well done with the videos though. They can be tough.
Congrats Josh!
🙏🏽🙏🏽
2:24 One man's trash, another ones treasure! I thought your first month results were spectacular! And I'm not just saying that to be nice. I dont know what's considered terrible or good results in your field but you certainly do. I would expect a knowledge like that from someone years in.. not first month =] I'm glad to see that thought process brought you the success you inevitably learned today! Best of luck! Love the videos.
Thank you !!
Hi, I am from India and going to come Canada this year and will doing a post graduate program In financial planning.Can you please make a video on your educational journey. You have done CSC CPH CFP LLQP etc, could you please guide on which certifications/licenses one has to do in order to be a good financial advisor. Even I want to be an financial advisor in the long run and as a student I wanted to know about your educational journey of all the certifications you have completed. Thank you.
If there’s enough demand for a video like this I’ll make one! Thanks for the recommendation.
@@JoshOlfertCFP yes
@@JoshOlfertCFP I'm like you - I don't want a degree. But it looks like the CFP website says the bachelor's is required. Definitely need some guidance on how to progress in the career. Just getting started myself!
great video!
Thanks Victor!
Looking back from a business perspective, do you think you made a mistake taking on all those small clients and not having a minimum?
Hi Josh, how did you get your licenses and did you start on your own from the beginning or worked for another broker/RIA first?
I worked for a large insurance company as an “advisor” to start. Used it as a launching pad to start my own thing.
This info is so valuable.
Thank you!
Sounds very similar to starting a RUclips channel!
Exactly - I guess I’m obsessed with torturing myself.
Hey Josh how do you know if you are being recruited to a firm that is trying to take advantage of you? Im new and think my firm is great but havent been there long. Love the videos as always :D
Two good rules of thumb for this!
1) Is part of the job recruiting other advisors?
2) Is the firm encouraging you to distribute/sell certain products more than others?
This won't necessarily lead you to a perfect firm, but it will lead you *away* from most of the organizations you really don't want to partner with in the long haul.
@@JoshOlfertCFP Thanks Josh you are the best!!!