Radical Personal Finance
142-One Possible Business Model For an Ethical Financial Planning Practice Serving Middle-Income Families

I designed a potential financial planning practice structure a year or so ago. It has been my backup plan if Radical Personal Finance were unable to be financially productive. (It's probably still a backup of a backup.)

In light of the Episode 139: "My Advice for People Interested In Getting Into Financial Planning," I decided to follow up with some specific ideas for a practice I considered creating.

Here are my ideas. 

The show includes a discussion of:

  • The problem of providing planning for middle-income households
  • The idea of a planning model for a monthly fee
  • How to align advisor and client incentives
  • The benefits of a virtual financial planning meeting
  • The importance of having a clear marketing plan for your practice
  • Ideas for building trust
  • The importance of demonstrating expertise
  • The importance of a niche market focus
  • Limitations on income with this model

Enjoy the show!

Links:

Direct download: RPF0142-Proposed_Financial_Practice.mp3
Category:podcast -- posted at: 8:13pm MDT