Bryan Hasling, CFP®

Wealth & Tax Advisor to Tech Founders, Early-Employees, Angel Investors • 7-figures+ of equity • Intro call with Modern FP ⤵️

[Bryan Hasling, CFP® @bryanhasling]

Here are 5 *actually-helpful* questions to ask a financial advisor if you're interviewing:

1) Do you review Tax Returns? What is your Tax Planning process? Do you see any big opportunities?

2) How much $ do I need to retire (early)? [here are my biggest life / family goals]

3) What is your investment philosophy? What is best for someone like me & my goals? Is there anything good / bad about my current arrangement?

4) How can I strategically pass my wealth to my family?

5) How do you charge? (only if you like answers to 1-4)

.
And if you don't want to hire, you can waste everyone's time by asking about abstract concepts from Accounting 101 in college that are easily google/AI-able.

[ShakerBall Capital @ShakerBall_Cap]

Whenever a financial advisor reaches out to try to make me their client, I ask them to walk me through how $10 of depreciation impacts the three financial statements.

Gets them every time.

[Bryan Hasling, CFP® @bryanhasling]

@HML_Compounder Hated this original a lot.

Are you AQR? Bc everyone wants in but needs an Advisor. And I think that’s what the big negotiations from SpaceX ppl are about

[Bryan Hasling, CFP® @bryanhasling]

@cliffcornell_ I’ll take 2, please.

[Bryan Hasling, CFP® @bryanhasling]

Exit liquidity comes in all shapes 🙃

[Bryan Hasling, CFP® @bryanhasling]

@MediaKing @mitchdmoore Why didn’t they consumer do it themselves?

Software is nearly-free for all

[Bryan Hasling, CFP® @bryanhasling]

Help me if I'm misinterpreting this - I feel like I'm getting mixed messaging.

There's demand for top-tier tax-aware L/S strategies.

Ppl want Access.

But L/S mgrs only grant access thru advisors. So people need them as conduits.

And also don't want to pay full price of the conduit bc it's a la carte.

Am I reading it right / wrong?

[Bryan Hasling, CFP® @bryanhasling]

@JrdnMcFarland @SpaceX no idea! any one who says they know is lying!

[Bryan Hasling, CFP® @bryanhasling]

Hi 👋 I'm *not* one of the 20 advisor-firms getting shopped by @SpaceX alumni.

But I'm going to put you on game anyways:

June 11 we learn target-price. June 12 is IPO day.

That means next week is the last chance to decide how you feel about your new Wealth *before* the hysteria.

What hysteria, you ask?

Once the price moves, a flood of new emotions will hit you every time you open Shareworks (or check the Stocks app).

Stock goes up on Monday? "Hell yeah. My kids' kids' kids are set. Always bet on Elon."

**searches Zillow listings in Incline Village**

Stock goes down on Tuesday? "Damn there goes the house. Why didn't I sell my entire allotment? Am I being played rn?"

- Euphoria.
- Valleys of Despair.
- the come-back.

On repeat every morning at 6:30am PT when markets open.

On week 1, your Alumni group-chat will be going ABSOLUTELY BONKERS. Week 2, a little less. And a little less.

Eventually you're on an island. Euphoria wears off. And you realize a hands-on plan would have been better.

So what can we do?

Decide *now* how much wealth you want to capture, and be a complete robot about it. No thinking - just execute.

The amount you 'capture' goes into safe-keeping: cash, mortgage payoff, maybe a car, kids' college, and map out early retirement for your family.

Capture this ASAP. Invest appropriately. Make your 1st estimated tax payment.

Once you've captured the bare minimum to *retire on your terms* at a lifestyle you enjoy - you can let the rest ride, if you want to play that game.

You've won.

So - what's your Capture plan?

[Joe Weisenthal @TheStalwart]

Holy crap. On the eve of the IPO, SpaceX employees are organizing! ✊✊✊https://t.co/fghxmDQEeu

[Bryan Hasling, CFP® @bryanhasling]

@jackiekenoyer The hardships were a blessing.

And now you get to bless so many others. And they will be able to pass it on to their own.

Thanks for sharing.

[Bryan Hasling, CFP® @bryanhasling]

@VolaDuck @TKopelman @AdvisorJobs You nailed it.

Sincerely though what could an Advisor relationship do for you / the cohort?

[Bryan Hasling, CFP® @bryanhasling]

@TKopelman @VolaDuck @AdvisorJobs I know the real answer - I just want to hear from actual person why they wouldn’t do it if they want the service at lowest possible cost but don’t want to pay for an advisor

[Bryan Hasling, CFP® @bryanhasling]

@VolaDuck @TKopelman @AdvisorJobs Why not go DIY with something like frec?

Going with full on advisor will always cost more, rightfully so.

[Bryan Hasling, CFP® @bryanhasling]

@FranWalsh73 @MediaKing Correct.

[Bryan Hasling, CFP® @bryanhasling]

@zachary_ashburn @SpaceX

[Bryan Hasling, CFP® @bryanhasling]

@CygnusNYC @MediaKing They are restricted at certain checkpoints over the next 6-mos.

Little bits of liquidity, couldn’t sell it all if they wanted to.

Some will sell. Some will hold.

[Bryan Hasling, CFP® @bryanhasling]

@DavidJacobsLive @MediaKing Wealthfront and robots have existed for over a decade. Knock yourself out

[Bryan Hasling, CFP® @bryanhasling]

@mynext40yrs @MediaKing Eventually everyone comes to this conclusion the long painful way

[Bryan Hasling, CFP® @bryanhasling]

@stored_alpha Often times it’s to stay in school bc college is safe (nay, fun!) and not sure what’s going to happen in the real world.

Spoiler: it’s way harder

[Bryan Hasling, CFP® @bryanhasling]

@Timboo @L91457491184997 Oh. Ok

[Bryan Hasling, CFP® @bryanhasling]

I hate to say it, but SpaceX folks might be setting themselves up for disappointment.

It’s smart to be weary of fees.

Lot of slimeballs out there.

But solving for price-first in MASSIVE volume is how you end up with a Walmart experience instead of a Ritz Carlton.

The sad part is many will leave the experience saying how advisors aren’t worth it.

[Financial Advisor Recruiter @AdvisorJobs]

@bryanhasling I really hope they don’t get burned and then paint the entire industry with a broad brush

[Bryan Hasling, CFP® @bryanhasling]

@L91457491184997 @Timboo You should block things that bother you.