How to Help a Family Member Who's Become 'That Guy' at a Bottom-Feeder WM Shop?
So, I've got a cousin who had a bit of a failure to launch. Good family, good small liberal arts college undergrad degree. No clue about grades. Briefly did some FA type stuff out of school, but then went back and got an MBA from a middling place. It's nowhere that I'd laugh about, but not H/W/P either.
He got married a year and change ago, and started a FA job right as all this was starting. It's not a wirehouse, but not an utter churn and burn shop either. He picked an utterly horrific time to start though. I'm seeing posts on linkedin and facebook and just quietly cataloging them as desperate.
How do I help him? He's a good guy and in normal times I'd take him to industry events to get his feet wet. I've already offered to help him with the 7/63 which I took years ago, but he's in pure sales mode, and has even mentioned that I should think about buying life insurance off of him. (I have zero need, I've got almost a million bucks through work and only a small dog as a dependent, plus I'm a CFA Charterholder and CFP--I can shop for my own) Realistically, I'm not a potential client, and I don't have any to chuck his way. If anything, he's a potential client of the funds I manage, but that doesn't help him at all.