Ep #179: From Managing a Hedge Fund to Building an RIA - The Career of Michelle Gass

EP 179 Michelle Gass

XYPN member Michelle Gass has had quite a unique path into the financial planning world. After starting her career as a tax accountant, Michelle transitioned into a family office, and then ended up launching and running a successful hedge fund for over twenty years. It wasn’t until after she retired that she decided to get her CFP and launch her own financial planning firm.

Now the founder of Paradigm Advisors, a fee-only financial advisory practice that focuses on guidance and support, Michelle joins this episode to share her professional journey. She opens up about what it was like starting a firm from scratch, what her business looks like today, and the important lessons she learned along the way.

Listen to the Full Interview:

Want more from XYPN Radio? Become a VIP to access our private community!

What You'll Learn from This Episode:

  • An overview of Michelle’s practice.
  • Her unique career path.
  • The definition of a family office.
  • What a hedge fund is.
  • Why Michelle decided to come out of retirement and open her firm.
  • The most challenging part of starting her own business.
  • What her first months ramping up were like.
  • Why she opened two offices at the same time.
  • Key lessons she learned from starting her own firm.
  • What Michelle calls the biggest failure of any business.
  • How her fee structure has evolved since she started.
  • Staff she has hired and their roles within the company.
  • Paradigm's service model.
  • Michelle's onboarding process with clients.
  • Her long-term vision and priorities for growing her firm going forward.
  • Advice she would go back and give her younger self.

Featured on the Show:

This Episode is Sponsored By:

 

FABC Chart of Accounts CoverFun Fact! What do many financial advisors have in common? They’re often terrible at doing their own bookkeeping! Enter the Bean Team at FA Bean Counters, powered by XY Planning Network. There’s no shame in falling behind in your books. We’re all guilty of that from time to time. But if you’re leaving money on the table because you haven’t filed expenses correctly, you need the bean team.

Start cleaning up your books with a free Chart of Accounts template. Visit www.fabeancounters.com/xypnradio to download your copy.

 

 

 

 

 

 

 

subscribe-with-itunesSubscribe-with-stitcher

Subscribe to Email Updates