How To Start a Financial Advisory Business

Josh Olfert is a professional CFP financial advisor and the Founder of Haven Wealth Management investment fund based out of Winnipeg Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal investing to the world, in an effort to improve financial literacy and help everyone achieve their financial goals.

All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.

[Aorta_inc]

Thank you for providing this value bro, this is awesome advice

[jballin]

Not sure if I agree with the 4 specializations you listed. Most advisors focus on planning and investments, and offer insurance as a supplement, and then maybe advise on when it's ideal to buy a home, maybe talk about rental properties too.

But in terms of specializations, advisors seem to find more success within certain niches (ie working with medical professionals, law enforcement, entrepreneurs, people who work in tech, families with disabled individuals, etc., more so differentiating by demographic/circumstances)

[justinc]

could you do a video on determining whether or not there's demand, like a dummy's guide to it for someone who's brand new to this industry

[Scottygetright]

I mean, long story short, synergy. I’m in the beginning stages of building a VC group. And yes, I agree with everything you say… The one thing I’ll add is government doesn’t want one person (yes person not business) to be entirely vertically integrated… we are dealing with licenses so one person can’t have active licenses for every area of finance simultaneously. for example l you can’t have an active securities licenses and own a private equity fund. But there are technical ways to get around this. This prevents the idea of monarchy in America. Great information bro. In a era of fake news I like to see people spreading correct info 👏👏

[Kittnet]

Thanks, i actually got that 'demand' thing into mind only after watching this.

[fly]

Great content. You should make a day in the life of an independent financial advisor video. Would love to see if the lifestyle is what I picture!

[aaronromero]

What’s your opinion of LPL as a broker-dealer? Is it okay if we know who you are with? Thanks in advance!

[nyombimoses]

I have loved the video since I had the same question. Blessings from Uganda.

[susankay-sanna]

Great cobtent and working towards an IA❤

[colmansandler]

I’m working through my CFP at a major finance company who helps cover it and I am thankful for. I would love some advice on going from a major company covering experience towards CFP to starting your own gig!

[shardulmakwe]

Solid work, man! The summary starts at 09:55. Cheers!

[BullishlyOptimistic]

Really like your stuff. Keep up the great work!

[Darshitkateliya]

Sir, i wanna do cfa in india, In India here's only around 3k cfp professionals, will cfp's demand increase or its really worth it ?

[junay]

Thanks for some great information we'll go very far

[ivanofof]

Do you need any stock tips? I knew Tesla was going to run up 40% these past couple of weeks just like I know gme and amc will rocket over the next few days

[natashamalvi]

I'm 19 now and going for financial consultant

[moneymusicmindset]

Insurance is foundational to a plan to build wealth. You were a bit dismissive of it in the beginning and undermined the message.

[matthewralph]

So I set up an inc, so I now am looking for poeple that cab do all the other things listed I this channel.
If anyone as ideas about the next steps and how to put everything in order then we should have a talk.
Thanks

[JordanM]

Josh love your videos man, great stuff. On the topic of building your own shop, do you manage your clients' assets or do you use an outsourced money manager?

[wolfgang_lupos]

I'm currently serving in the navy and have a vetted interest in finance. I'm currently working on my series 7 license but have a few questions regarding starting my business (when I get out). So to my understanding so far I need: LLC with an SCorp tax id, CFP, series 7 (since i want to offer that as an in house mark up), and business plan. Seems simple enough on the surface but I'm wondering what else should I learn (besides marketing and conversion strategies, I already know my target clients)