Total Transparency with Advisor Julia Lilly
If you’re wondering about the movement to fee-for-service wealth management, this is the podcast/video episode for you. Kick It Open host Shelby Nicholl is joined by Julia Lilly, founder of Ryerson Financial. Julia, with decades of experience in wealth management, shares her journey from working at a broker dealer to starting her own fee-for-service financial planning firm.
The conversation delves into different financial advisory models, the complexities of fee structures, and the growing trend towards transparent, advice-only financial planning. Julia emphasizes the importance of client empowerment and transparency in financial planning, sharing her unique approach to helping clients take charge of their financial health. The episode also includes a discussion of how Julia learned everything she needed to know to stand-up her practice and the technology selections that back her unique client offering.
00:00 Introduction and Meet Julia Lilly
02:37 Understanding Financial Planning Models
05:20 The Fee for Service Model
09:19 Challenges and Rewards of Fee-Only Planning
15:46 Solopreneurship and Mastermind Groups
23:02 Tech Tools and Cybersecurity
25:02 Future Growth and Trends in Financial Planning
31:11 Advice for Aspiring Financial Planners
Recorded and produced by Muriel Network.
Edited by Aaron Sherman.
Graphic Design by John Gallagher.
Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/ra/let-good-times-roll License code: EV5ON7Y3CSESDSEU
