Scott Weiss is the owner of Weiss Financial Group, a fee-only firm in Mahopac, NY. In today’s episode, we discuss Scott’s previous career as an art director in the magazine world, and his decision to leave that industry and join the financial planning profession.
Listen in as we delve into Scott’s story: what it was like joining a family firm, how they split the business into a tax firm and a financial planning firm, the experience of earning his CFP®, and what he’s doing to stay relevant to his ideal client base.
We recorded this episode on March 20, 2020, when the world started to spiral into this state of uncertainty as a result of the COVID-19 pandemic. Scott talks about where we are today as a country and as an industry, and he shines a light on how he's been able to leverage a community, his network, and his education to ensure that he can show up for his clients, himself, and his family. If you're interested in how to grow a family business or how to just keep your head above water during these wild times, this episode is for you.
Listen to the Full Interview:
What You'll Learn from This Episode:
The overview of Scott’s career (00:03:40) Why Scott decided to change careers from the magazine industry to the financial industry (00:08:35) His experience in joining an existing firm an d expressing his needs vs. starting his own firm right away (00:15:58) The benefits of splitting up the business into a tax firm and a financial planning firm (00:21:02) His continued education beyond the CFP® (00:27:32) Scott’s ideal client base and the m isconception that you must service Gen X and Gen Y to be a part of XYPN (00:33:13) Current events and how Scott is approaching the situation (00:37:15) Having a continuity plan and how COVID - 19 has forced Scott and his brother to re - evaluate it (00:43:24) The importance of community (00:46:15) Scott’s advice to anyone looking to change careers and start their own RIA (00:50:32)
Featured on the Show:
- Scott Weiss: Website | LinkedIn
- Certified Financial Planner® (CFP®)
- RIA in a Box
- “What Comes After CFP Certification? Finding Your Niche Or Specialization With Post-CFP Designations” by Michael Kitces
- Continuity Planning
- Ruby Receptionist
- XYPN Member Benefit: Community
- Kristin Harad
- First Year Resources: First-Year Budget | First Year Business | All-in-one Checklist
This Episode is Sponsored By:
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