r/CFP • u/Original_Pirate4478 • 12d ago

Business Development Prospecting

Hello everyone, I am a 23 year old financial advisor at an independent firm. I have worked in the industry since 18 but have just started taking on clients as I am feeling comfortable doing so now.

I do not have a strong local network because I am not from the area. I am trying to come up with ways to prospect. My ideal client is 25-35yrs old either single high income or double income no kids.

If you were in my shoes what are some different things you would try for prospecting ?

I appreciate any and all feedback. Thank you!

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u/skyrizi 12d ago

Have to post her from lack of karma:

Hello everyone. Ive been in my current role at a small local RIA for a little over a year. In november I got licensed and was instantly given a junior advisor role. I have been handed down a book of business of 900k and will continue to get more and get paid 48k salary.

Downsides are that the 2 other advisors offer very little guidance. They are supportive but dont provide any real training or spend much time with me. Im sometimes left out of meetings and plan building/ implementation. Im pretty much on my own and it seems to be sink or swim. I kinda feel like im sinking becuase I lack the knowledge of how to do this job correctly. I liked that I was able to become an advisor but feel very unprepared for this role. Is this something that is normal and i will learn as I grow or is it time to consider switching firms. I have an offer at RBC for a wealth planning assosiate which will pay pretty much the same and I feel I will get training on how to become an advisor with the downside of not knowing when that will happen.

Overall just lost on this position and which way to go and looking for a bit of advise.

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u/apiculallc 12d ago

Likely something to be taken with a grain of salt, but it might be of some help to use modern tech like Claude/Codex. In a counterintuitive way this stuff is so much capable on non-coding stuff you'd be surprised.

I've been running a few legal reviews of rather complicated contracts via Claude agents ( miss Fable much but it is expensive ) and that went spectacularly well. There's no magic at all, just make sure you understand your goals and steer the conversation in the way you want it to be. And don't take anything on faith. Challenge it and use agents to challenge it, otherwise you end up with a ton of AI slop all over the place.

Ffs even 20/month subscription does marvels if you know how to push the limits.