Dichotomy of the Young Financiers

I have identified two types of individuals in the Young Financiers group (maybe this exists in NexGen as well).

• One type are those who are working with an established firm with partners who are seasoned in the industry. This type (I would include myself in it) is learning the ropes of the business and will eventually be a planner and relationship manager.
• The other type (which I have to give my "hats off" to because of the potential extreme difficulty) are those who are their own boss and are responsible for generating revenue to pay their bills and put food on the table.

In the financial planning business, the second type mentioned is extremely difficult to do (especially when you are younger than your clients). Not to mention that doing what's right for the client may hinder the financial success for the short term because what's in the best interest for the client may not be what's best for an advisor's pocketbook. I wholeheartedly agree that doing what's best for the client should be the #1 priority for a financial planner, much less all industries. I was trying to make a point that it's tougher to make it in this business from scratch.

Both types of individuals in the group complement each other well. One is curious what the other does for tasks and activities. What does the "other side" look like? That's why we have these meetings: to find out more about each other's practice and be the best we can be.