A Day in the Life of a Wealth Advisor at Buena Vista Financial Planning
A day in the life of AK, a founder and wealth advisor, varies greatly, with "every day different," but typically involves 30-50% client meetings (in person, via Zoom, or phone) and the remainder focused on collaboration with their assistant, preparing for meetings, and back-office tasks like "analyzing pay stubs and tax returns." Unlike many early-career professionals who focus heavily on business development, AK's current role is largely client-centered due to a conscious decision to not grow the business further.
Client Interaction, Financial Planning, Business Development, Professional Collaboration, Continuing Education
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
AK Mashhoon
Founder / Wealth Advisor
Buena Vista Financial Planning
Cuesta College and Cal Poly, SLO
N/A
Business Management & Admin
Finance (Banking, Fintech, Investing)
Finance
Worked 20+ Hours in School, Transfer Student, Student Athlete, First Generation College Student
Video Highlights
1. The day-to-day activities of a founder and wealth advisor can vary greatly depending on the individual and their specific business. However, a significant portion of time is dedicated to client interaction, whether in person, via Zoom, phone calls, or other methods.
2. Many wealth advisors spend a considerable amount of time on tasks outside of direct client meetings. This includes collaboration with assistants, preparing for meetings, and handling administrative duties such as analyzing financial documents.
3. Business development plays a crucial role, especially early in a career. This might involve networking, marketing, and actively seeking new clients. However, the amount of time dedicated to this aspect can change significantly as a business grows and establishes itself.
Transcript
What does a day in the life of a founder and a wealth advisor look like?
It's going to depend on which founder wealth advisor you talk to, because we're all different. In my case, every day is different, and I think that's the exciting part of it.
This morning, I went to a two-hour CFP ethics course on the other side of town. I got to see people in real life, which I don't normally do because I mostly work from home. That was something I was looking forward to this week.
I have this conversation right now and another meeting before the end of the day. So today's a relatively light day for me. I would say 30% to 50% of my time is spent meeting with clients.
The other 50% to 70% is probably spent collaborating with my assistant, making sure that things are getting done, we're preparing for meetings, and we're getting things done that we said we were going to do.
Some folks in this industry, especially in the early part of their career, have to spend a lot of time on business development – getting out there and getting clients. I don't spend any time doing that because I chose not to grow anymore as of about a year and a half ago.
For someone starting out in this industry, it can look different. Some folks immediately are in a support role and work on clients all day. Someone working for a different type of company might be doing 100% business development because they have no clients.
For me, a lot of my work is client-centered, through Zoom, phone calls, or maybe in person. I also spend time with planning software, analyzing pay stubs and tax returns, and all those types of things.