Ep 312: Resetting Your Work/Life Balance By Getting Paid For Expertise Instead Of (Just) Effort With Emily Rassam

Financial Advisor Success

Michael Kitces

News, Business, Entrepreneurship, Business News

4.8 • 696 Ratings

🗓️ 20 December 2022

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

Emily Rassam is the Senior Financial Planner for Archer Investment Management, a virtual independent RIA based out of Texas that oversees $170 million in assets under management for 170 households. After struggling in a position with ever-mounting responsibilities and pressure that kept her away from her family, Emily made it a priority to find a position that not only appreciated the expertise she brought to the table, but also allowed for a better work/life balance.

Listen in as Emily shares her experience working towards burnout at her previous firm, how this experience allowed her to get serious about finding a role that was ideal for her, and how she found her current firm and used key questions to determine whether they offered a positive work/life balance. We also discuss how she overcame imposter syndrome, how she became comfortable with shedding the typical stereotype of a financial planner focused on selling services, and why she believes that newer advisors should focus on the value they bring to clients rather than the amount of work they are doing.

For show notes and more visit: https://www.kitces.com/312

Transcript

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0:00.0	Welcome to the Financial Advisor Success Podcast, where you go behind the scenes with
0:06.8	financial planner, speaker, and consultant Michael Kitsis to hear stories of how leading
0:12.1	financial advisors navigated the inevitable challenges that arise on the path to success,
0:17.2	and get insight from leading industry consultants about how to break through to the next
0:21.9	level in your advisory business. And now here's your host, Michael Kitsis. Welcome, everyone.
0:28.7	Welcome to the 312th episode of the Financial Advisor Success podcast. My guest on today's podcast is
0:34.4	Emily Rissam. Emily is the Senior Financial Planner for Archer Investment Management, a virtual independent RIA based in Austin, Texas, that oversees
0:41.8	170 million of assets in our management for nearly 170 families. What to think about Emily,
0:47.3	though, is how, after struggling for years at a position where responsibilities and pressure
0:51.4	kept building and kept deterring her from being present in her family life, she realized that she had built enough expertise that she didn't need to settle
0:58.0	anymore and made it a priority to find her ideal position that not only appreciated her expertise,
1:03.0	but also would help her build a better work-life balance.
1:06.0	In this episode, we talk in depth about how, as Emily progressed in her career from working
1:10.8	on 401 plans to focusing on financial planning, she faced challenges and eventually burnout
1:15.6	while building a successful financial planning offering in a firm that was still primarily
1:19.6	focused on 401K plans first and foremost and didn't want to allocate resources away from
1:24.4	that core 401k business.
1:26.5	How, by what Emily describes as a stroke of luck in
1:29.0	the midst of her burnout struggle, she took a chance in applying for a financial advisor position she
1:33.4	found at 3 a.m., which led her to her current role that presently surprised her as their work
1:38.0	culture and work-life balance priorities perfectly aligned with what she was seeking and so
1:42.0	desperately needed. And how exactly Emily
	...

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