Stephen

Independent FA

[Stephen @ananfaguy]

@markcecchini Charitable inclination should always be the starting point. Lumpy income helps

[Stephen @ananfaguy]

I respect the depth you take in planning btw. I’ve seen many of your posts. For my client base, clear consistent communication and judgment win the day and it scales nicely. But I’m always looking at the cost to implement the next level of depth compared to what I perceive as the expected benefit.

[Stephen @ananfaguy]

I have 238 households - just looked it up. I do 3 meetings per year per household and work about 25 hours a week. Everything is streamlined. I certainly don't go to the level of depth you do per household. My working model is that 80–90% of what moves outcomes takes a fraction of the time, while the last 10–20% takes as much time again, and my pricing reflects that

[Stephen @ananfaguy]

@TKopelman Not in terms of drag on assets from fees. But also your original point about households serviced. I am well over 200 with just one sales assistant

[Stephen @ananfaguy]

@zachmelloh26 The only thing that matters is resources as it relates to spending needs.

[Stephen @ananfaguy]

@AdvisorJobs I think that math is 13k

[Stephen @ananfaguy]

@AdvisorJobs I am advisor. I have a lead client service and one part time. Do $2.6 million on 200 households

[Stephen @ananfaguy]

@frenbilt “Every week” lots of dips for DCA investors between those carefully chosen points. Not even mentioning dividends.

[Stephen @ananfaguy]

@MichaelKitces Personally costs me $3,200 per household on $13,000 of revenue per household on 200 households or so. I am surprised by these numbers.

[Stephen @ananfaguy]

@SenSanders Poor people wanting stuff isn’t a moral reason to steal from others.

[Stephen @ananfaguy]

@_itzsammy I work with 200 wealthy families. Totally false.

[Stephen @ananfaguy]

@lilbabygandhi Quite a sense of entitlement. Glad not to be Canadian

[Stephen @ananfaguy]

“Substantial existing liquid assets” is doing a lot of work here without being defined. Total compensation is sufficient, but the non cash component of concentrated company stock can be extremely volatile and not guaranteed in value. Also, employees are inherently vulnerable to job loss. Business owner with the same total income - different story. This demographic is much better off in the $2-3 million range unless 50% plus down

[Stephen @ananfaguy]

@SenSanders Go fuck yourself

[Stephen @ananfaguy]

@TimothyTheFirst I’d prefer to see people under a trillion in income not taxed. Taxing consumption would be preferable.

[Stephen @ananfaguy]

@jakesvision_ Not necessarily. Market wages are market wages. Learn how to become less dispensable if you can’t pay your bills.

[Stephen @ananfaguy]

@amelia_tweetz No, I already pay for meals for my own kids.

[Stephen @ananfaguy]

It’s interesting. Still has significant concentration risk. In the US Roth IRAs have very limited funding $7500/year so tax free accounts really aren’t a substantial part of savings for many people. 401ks are tax sheltered for investments, but typically will have a very limited pool of predetermined investment options.