Peter Vander WallFounder driving creative community growth

You Might Need To Change Things #shorts

Name: You Might Need To Change Things #shorts
Uploaded: 2024-04-11T19:00:10+00:00
Duration: 42 s
Channel: Peter Vander Wall
Description: A short YouTube discussion (Peter Vander Wall) where two speakers reflect on career transitions in the financial advisory field. Speaker A gives a brief…

11 Apr 2024 · 1 min

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A short YouTube discussion (Peter Vander Wall) where two speakers reflect on career transitions in the financial advisory field. Speaker A gives a brief backstory: began as a financial advisor ~10 years ago, moved between firms hoping to grow a book of business, faced challenges with commission-only compensation, later became chief experience officer at a boutique financial planning firm, and did a painful consulting stint. The clip focuses on the difficulties and lessons of changing roles and firms.

Chapters

What do you think was the biggest shift or maybe the biggest change for you as you've made that journey?
Just a quick like career backstory. I started out as a financial advisor like 10 years ago, realized I was at like a rinky dink firm and so I switched firms thinking that that was going to get me over the hump in building my book of business and you know, making living commission only or like no salary is probably a better way to say it because there's obviously commission business, fee based business, etc. Switched firms that did not give me where I wanted to go. Ended up as a chief experience officer at a boutique financial planning firm and just kind of all the while, you know, being around at least in the business development world about like how are financial advisors doing this? I did a little stint in consulting as well. It's painful. It's super painful and it's hard. Like I mean I've been on both ends of the spectrum.