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142-One Possible Business Model For an Ethical Financial Planning Practice Serving Middle-Income Families

142-One Possible Business Model For an Ethical Financial Planning Practice Serving Middle-Income Families

FromRadical Personal Finance


142-One Possible Business Model For an Ethical Financial Planning Practice Serving Middle-Income Families

FromRadical Personal Finance

ratings:
Length:
85 minutes
Released:
Jan 29, 2015
Format:
Podcast episode

Description

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. 
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:

XY Planning Network
Released:
Jan 29, 2015
Format:
Podcast episode

Titles in the series (100)

Joshua J Sheats, MSFS, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.