Navigating the Unknown: Young Advisor Alone
Looking for guidance and advice on my career journey through tumultuous times. Here's a snapshot:
2019: I started my journey in the wealth management/financial advising field in July 2019 at a firm with approximately $120 million in assets under management (AUM). After obtaining my SIE and Series 7 licenses in October 2019, I was ready to advance further.
2020: COVID-19 hit, testing centers closed, delaying further licensing exam. Which disrupted my plans as testing centers closed down.
2021: In February, coming out of COVID, my boss made a decision to go independent with a small boutique BD. As an Associate, I played a significant role in the transition, taking on responsibilities typically assigned to the senior partner. I was involved in various aspects of the practice, including marketing, advising, trading, and compliance. My goal was to begin working with the senior partner's client base, finish S66 and spend the remainder of 2021 and 2022 building relationships with those clients. Preparing to assist my Boss in buyout of oldest partner starting 2023.
2022: October 2022, my boss, who was the managing partner and majority equity owner, passed away unexpectedly. As a result, I've found myself in a challenging position, having to keep the practice running at just 26 years old and with only four years of experience in the business.
2023: Today, and just 1 week from my 27th birthday, I find myself running the practice, managing an estate payout, and seeking guidance.
Open to any insights, support, and advice you can offer.
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