How Little Can WM Advisors Really Work?
From experience talking to advisors and reading some of the insight here on this forum, I understand that the general career arc of an advisor is to spend a handful of years grinding to build out your book, and can more or less go on cruise control once you are content with your AUM. What I'm wondering is how low can you realistically get your hours down to once you're established and not spending much time on business development? I've heard anecdotally of older advisors who put in as low as 10-20 hours a week and spend time at vacation homes at will, but also have heard that it really never gets below 40.
Curious to hear any insights.