To the financial planners/advisors out there, I have a (possibly dumb) question.
I feel like I’ve reached “barista FI” and would really like to step away from my unfulfilling engineering job. I think I know what I’d like to do next, but I have no clue if it’s feasible, so I was hoping for some insight into the financial planning world. I'd prefer to be laughed at on a digital forum than in-person from a financial advisor...
Here's my idea. I would work in the background for some fee-only advisor making spreadsheets and coming up with asset allocations, tax optimizations, withdrawal strategies, etc. for clients. I have severe social anxiety, so the idea of fetching new clients is a non-starter. Working with existing clients would be out of my comfort zone, but definitely easier than trying to “sell” them on working with me. My hope would be that offering to do these background services at ~$30/hour(?) could enable the advisor to lower their costs and be accessible to more middle-class families. Seeing a price tag of $150+ for a meeting with an advisor must scare a lot of people in the 60-100k income range away, but I think it’s these people who have the most to gain from some simple portfolio advice. My concerns, however, are that a financial planning company would be unable to hire someone without a financial degree/titles or that the spreadsheet work I enjoy is fully automated at this point.
Is this even feasible? How would I approach a financial advisor about this?
Thanks
