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Law grad here: thinking of taking the bar and becoming a solo, how fucking stupi

d is this? i graduated 3-4 years ago, been working in fin...
Aphrodisiac disgusting athletic conference coffee pot
  07/19/18
Tax planning solos I know can crush the market but need that...
boyish lettuce university
  07/19/18
state moar, pls. will i maek it
Aphrodisiac disgusting athletic conference coffee pot
  07/19/18
you need to generate revenue to make money
Emerald Ticket Booth Blood Rage
  07/19/18
ljl
boyish lettuce university
  07/19/18
odd case
Drunken Rigpig
  07/19/18
go on
Flickering carnelian ladyboy
  07/20/18
how can I become a tax planning masterman? Never took tax in...
racy dog poop
  07/19/18
State net worth.
Spectacular pit rigor
  07/19/18
You're not an idiot yet but will be if you do this.
Spruce At-the-ready Cruise Ship Travel Guidebook
  07/19/18
unless you have clients?
Spruce At-the-ready Cruise Ship Travel Guidebook
  07/19/18
no clients. unrelenting urge to be my own boss and try to ma...
Aphrodisiac disgusting athletic conference coffee pot
  07/19/18
Did you fail the bar the first time? If so, dumb move bec...
Spectacular pit rigor
  07/19/18
never took it. was extremely jaded with faggot lawyers. but ...
Aphrodisiac disgusting athletic conference coffee pot
  07/19/18
Take the bar, if anything just for kicks. I'm over 10+ years...
Curious filthy parlour therapy
  07/19/18
that's sort of the goal: form an RIA. but i need to get some...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
Generic "financial advisors" are going to go extin...
Curious filthy parlour therapy
  07/20/18
...
Aphrodisiac disgusting athletic conference coffee pot
  07/19/18
How much savings do you have
Lascivious self-centered library
  07/19/18
$50K cash, several hundred thousand between wife and i in re...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
What kind of Tax planning do you envisage doing? For busines...
Lascivious self-centered library
  07/20/18
hnw individuals preferably, but i would do anything in the b...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
Why not just do PI for cslg? You have enough of a cushion fo...
Lascivious self-centered library
  07/20/18
no interest mainly but would be interested in leveraging ...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
no interest in getting rich as fuck?
Emerald Ticket Booth Blood Rage
  07/20/18
i admire the dude, but chasing fender benders isn't what i w...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
You said you hated chasing corporate jobs though
Lascivious self-centered library
  07/20/18
Yeah he doesn't have any huge cases
offensive supple piazza
  08/09/18
If my wife made $200K I'd start a "solo practice" ...
Flickering carnelian ladyboy
  07/20/18
i don't know shit. how much can you charge for each will? is...
Aphrodisiac disgusting athletic conference coffee pot
  07/20/18
I'm <><><>LITIGATION<><><&g...
Flickering carnelian ladyboy
  07/20/18
What kind of tax planning does he do
Lascivious self-centered library
  07/20/18
fuck if I know
Flickering carnelian ladyboy
  07/20/18


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Reply Favorite

Date: July 19th, 2018 5:02 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

d is this?

i graduated 3-4 years ago, been working in finance and have a CFA. jaded with working sps corporate jobs and thinking about taking the bar in february and hanging an estates/tax planning shingle. am i an idiot

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460924)



Reply Favorite

Date: July 19th, 2018 5:07 PM
Author: boyish lettuce university

Tax planning solos I know can crush the market but need that client INFLOW

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460953)



Reply Favorite

Date: July 19th, 2018 5:14 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

state moar, pls. will i maek it

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461019)



Reply Favorite

Date: July 19th, 2018 5:15 PM
Author: Emerald Ticket Booth Blood Rage

you need to generate revenue to make money

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461029)



Reply Favorite

Date: July 19th, 2018 7:19 PM
Author: boyish lettuce university

ljl

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461879)



Reply Favorite

Date: July 19th, 2018 8:58 PM
Author: Drunken Rigpig

odd case

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36462476)



Reply Favorite

Date: July 20th, 2018 12:51 PM
Author: Flickering carnelian ladyboy

go on

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465675)



Reply Favorite

Date: July 19th, 2018 5:50 PM
Author: racy dog poop

how can I become a tax planning masterman? Never took tax in law school

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461306)



Reply Favorite

Date: July 19th, 2018 5:09 PM
Author: Spectacular pit rigor

State net worth.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460967)



Reply Favorite

Date: July 19th, 2018 5:10 PM
Author: Spruce At-the-ready Cruise Ship Travel Guidebook

You're not an idiot yet but will be if you do this.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460973)



Reply Favorite

Date: July 19th, 2018 5:10 PM
Author: Spruce At-the-ready Cruise Ship Travel Guidebook

unless you have clients?

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460979)



Reply Favorite

Date: July 19th, 2018 5:13 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

no clients. unrelenting urge to be my own boss and try to maek it. corporate career is going nowhere. i make like $150k.

the other thing i've been looking at is distressed debt investing, just going all-in on that. but i don't exactly have a lot of capital to burn.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461008)



Reply Favorite

Date: July 19th, 2018 5:11 PM
Author: Spectacular pit rigor

Did you fail the bar the first time?

If so, dumb move because you will probably fail again.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36460995)



Reply Favorite

Date: July 19th, 2018 5:14 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

never took it. was extremely jaded with faggot lawyers. but i've discovered that law is one of the few white-collar professions that gives you this much entrepreneurial flexibility.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461017)



Reply Favorite

Date: July 19th, 2018 5:53 PM
Author: Curious filthy parlour therapy

Take the bar, if anything just for kicks. I'm over 10+ years out and have never needed the license but I'm taking a shot at it next week. I like taking tests and professionally have 1/2 dozen + certs relevant to by field, so I get a perverse enjoyment from clicking through MC questions, figuring out the generic structure to write an MPT, and hopefully absorbing enough of the outlines to get 1/2 credit on the essays. Plus, these days if you take it in an MBE state and score above 270 you can cross-admit to a bunch of states (I think you need~280/290 for like AK and DE through) so you get a decent amount of mobility with it.

As for the area you're looking at, I'd say it depends on the market. If there are a decent number of people with HNW you might have a shot. Especially a place like the Bay Area, where "middle class" make $300-$600k so they have a decent amount of money, but they're not sophisticated enough to have proper wealth managers that might steer them to incumbent estate planners.

Since you have the CFA you don't even need to have a Series 63, etc. I know you're not talking about forming a RIA, but I'm saying you certainly could without any additional qualifications.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461323)



Reply Favorite

Date: July 20th, 2018 12:42 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

that's sort of the goal: form an RIA. but i need to get some clients first, right?

are you planning to practice or taking it purely for kicks?

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465612)



Reply Favorite

Date: July 20th, 2018 1:06 PM
Author: Curious filthy parlour therapy

Generic "financial advisors" are going to go extinct, so you definitely need to think up what your unique value prop is to someone to use you as an advisor. Most people get an FA through their local branch bank. Others are using ones like Personal Capital or Betterment, etc. It's a tough, super competitive market. So, to the extent you can offer legal services like trust formation, that might be your angle.

I'm doing it mostly for when we slow down in a few years, taking it in the state we're considering early retirement to.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465775)



Reply Favorite

Date: July 19th, 2018 5:32 PM
Author: Aphrodisiac disgusting athletic conference coffee pot



(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36461140)



Reply Favorite

Date: July 19th, 2018 8:53 PM
Author: Lascivious self-centered library

How much savings do you have

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36462444)



Reply Favorite

Date: July 20th, 2018 12:43 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

$50K cash, several hundred thousand between wife and i in retirement accounts we can tap if shit gets bad. wife also makes like $200k

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465623)



Reply Favorite

Date: July 20th, 2018 12:44 PM
Author: Lascivious self-centered library

What kind of Tax planning do you envisage doing? For businesses? Also how old are you

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465629)



Reply Favorite

Date: July 20th, 2018 12:48 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

hnw individuals preferably, but i would do anything in the beginning. 33

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465648)



Reply Favorite

Date: July 20th, 2018 12:49 PM
Author: Lascivious self-centered library

Why not just do PI for cslg? You have enough of a cushion for it

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465655)



Reply Favorite

Date: July 20th, 2018 12:50 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

no interest mainly

but would be interested in leveraging finance background if possible



(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465664)



Reply Favorite

Date: July 20th, 2018 12:51 PM
Author: Emerald Ticket Booth Blood Rage

no interest in getting rich as fuck?

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465671)



Reply Favorite

Date: July 20th, 2018 12:53 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

i admire the dude, but chasing fender benders isn't what i want to do.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465685)



Reply Favorite

Date: July 20th, 2018 12:56 PM
Author: Lascivious self-centered library

You said you hated chasing corporate jobs though

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465710)



Reply Favorite

Date: August 9th, 2018 10:06 PM
Author: offensive supple piazza

Yeah he doesn't have any huge cases

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36589109)



Reply Favorite

Date: July 20th, 2018 12:59 PM
Author: Flickering carnelian ladyboy

If my wife made $200K I'd start a "solo practice" and just go golfing every day. Just churn 2-3 wills a month to cover rent and buy some firm branded coffee mugs.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465731)



Reply Favorite

Date: July 20th, 2018 1:01 PM
Author: Aphrodisiac disgusting athletic conference coffee pot

i don't know shit. how much can you charge for each will? is it easy income to supplement while i build a practice?

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465741)



Reply Favorite

Date: July 20th, 2018 1:02 PM
Author: Flickering carnelian ladyboy

I'm <><><>LITIGATION<><><> so I have no clue. I think a lot of firms use simple wills as loss leaders so that people will later come back to the firm for more lucrative assignments. My buddy down the street makes bank but he does more advanced tax planning strategies.

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465748)



Reply Favorite

Date: July 20th, 2018 1:06 PM
Author: Lascivious self-centered library

What kind of tax planning does he do

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465774)



Reply Favorite

Date: July 20th, 2018 1:07 PM
Author: Flickering carnelian ladyboy

fuck if I know

(http://www.autoadmit.com/thread.php?thread_id=4030400&forum_id=2#36465780)