A farewell guest post by our Associate Planner, Samantha Rauch. Over the past couple of years while working at MY Wealth Planners I have had the pleasure of experiencing what it means to be a financial planner. This is a role that goes beyond numbers and spreadsheets. It is a role that allows you to make a meaningful impact on …
Attracting Talent to Your Team
We have gotten a huge number of applications for our financial planner assistant position and almost as many questions from our fellow financial planners: “How did you get so many people to apply to your financial planner assistant position?” Well, today we thought we’d share both the elements of the job posting and the elements of how we screen candidates …
Pick Two
As the old expression goes: “You can’t have your cake and eat it too.” Yet it seems there are cultures both among aspiring financial planners and financial planning firm owners that attempt just that. Students and career changers have casually shared with me time and time again that they’re looking for a position for two or three years that will …
2023 Employee Benefits Guide
Hello everyone! In the spirit of transparency and building in public, we’ve always made a best effort to share our own compensation and benefits model with you as our clients and community. It seems only fair as people who talk to our clients about their money that we talk about our own money. So, today I’m sharing our updated employee …
State of the Union
Every year, we as a country trot out an elderly statesman to give a grandiose State of the Union address at the pace of a DMV queue about the state of the country. The speech runs a sentence at a time, punctuated by intermittent cheering or boos by the respective political parties. The news covers the speech in detail, the …
Hearn’s Law
A colleague of mine, a CPA by the name of Michael Pharris, has a framed piece of paper in his office. The header reads, “Hearn’s Laws”, written by Professor Hearn, an instructor when Michael was in undergrad studying accounting. While there are many good tidbits on the paper (“he who signs the other man’s form, takes care of the other …
The New Retirement Savings Tax
In 1991, the New York Times reported on the remarkable life of Theodore Johnson. Theodore did not win the Nobel prize, nor was he a celebrity, inventor, or even a local celebrity of any real fame or renown. Rather, Theodore was a UPS driver. This was in a time before the internet hit any critical mass or made any great …
Planner Compensation 2023
As we strive to be radically transparent at MY Wealth Planners®, today I thought I’d publicly share our pay and benefits scales for 2023. Briefly, this is broken out into descriptions of job tiers, compensation based on Longmont, CO residency, and a summary of benefits as we offer them. Job Tiers Careers at MY Wealth Planners in the “financial planner” …
Benefits for All! Establishing a Business that Pays
Today marks the three-year anniversary of the launch of MY Wealth Planners®, Longmont’s first-and-only fee-only financial planning firm, a title that it maintains to this day. While the path to launching MY Wealth Planners started four and a half years prior as a “supported independence” practice under Waddell & Reed, the launch into full-blown entrepreneurship is both exciting and just …
Answering the Zweig Questions
Jason Zweig is arguably one of the most effective watchdogs of the financial advice industry. With a 30 year career in following the finance industry, he’s contributed to some of the hardest hitting journalism, uncovering issues with misconduct both among advisors, associations, and regulators. Five years ago, Zweig published his list, “19 Questions to Ask Your Financial Advisor” in the …