Boston Standard Wealth Management

Plan to Succeed

  • Home
  • About
    • Private Wealth Management
    • Our Team
    • Sustainability
    • Fiduciary Standard
  • FAQ
  • Blog
  • Contact
  • Client Login

State of Our Practice & Your Referrals

March 2, 2018 by Lee Eudy

Many clients have generously offered feedback and suggestions ever since our newest website went live. Our “Frequently Asked Questions” section – and specifically our minimum asset requirements for new clients – prompted questions that I thought were worth answering for everyone.

By way of background, a heartfelt “thank you!” is where we’ll start. Almost 15 years of generous client referrals led us to this point. Without your advocacy, we simply wouldn’t have to worry about practice capacity. It took roughly 12 years for us to reach $100M in managed investments, but we’ve nearly doubled that figure in the three years since. Accelerated growth meant we either needed to scale our staff and operations, including adding new advisors, or reign in our rate of growth. It was a hard choice since scaling operations would mean spending less time with clients and more time managing staff and advisors. Raising minimums could make our clients feel awkward about referring their friends and colleagues. In the end, we raised minimums in hopes of slowing growth and promoting continuity in our practice and our client relationships.

Despite our new minimums, we hope you’ll never worry about referring a friend or colleague. Here’s why:

  1. We would be honored to spend a complimentary 60-90 minutes with anyone interested working on their finances. We didn’t get into financial planning to work exclusively with people who have millions of dollars. We would be thrilled to offer our time and actionable advice to anyone who wants to be more thoughtful about the organization of their finances.
  2. If your referral wants more help than we can offer them, we have vetted fiduciary advisors with whom we would be thrilled to connect them. Financial services is a shark tank. We can help ensure your friend understands the landscape of options, including the difference between fiduciary advice and sale of financial products for commissions.
  3.  People don’t like to talk about money, so there’s often more going on financially than meets the eye. Your friend might be a great fit for our services even if it’s not completely obvious. No reason to worry either way: just send them our way and we’ll make sure they benefit from your effort.
  4. Lastly, though importantly, we can’t afford to stop growing entirely! We still need your help. And in exchange we will work as hard as ever to ensure any referral you make truly benefits from a meeting with us and that the experience reflects well on you.

Thanks again for all your help through the years. Please let us know if you have any follow-up questions. Or a friend to refer : )

 

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Uncategorized

WHAT WE'RE READING

The Psychology of Money

Read Review

Subscribe

Provide your email address to subscribe to our quarterly newsletter to receive tips, news, and updates.

Recent Posts

  • 2023 Plan Limits
  • Pleasant Surprise for MA Taxpayers
  • I Bonds: Inflation’s Silver Lining
  • Rebalancing your 401(k) can be Confusing
  • 2022 Plan Limits
  • The Psychology of Money
  • Massachusetts Paid Family and Medical Leave
  • Few Changes in the 2021 Plan Contribution Limits
  • IRS Announces Tax Deadline Updates
  • The AfterTax 401(k) & Roth Conversions
  • TD Ameritrade January Mail-A-Thon
  • 2020 Plan Contribution Limits
  • The Per Stirpes Beneficiary Election
  • Safeguard Against Catastrophe with Umbrella Insurance
  • Giving Your Child an Allowance Can Really Pay Off
  • 401(k) limits are rising in 2019
  • Freezing your Credit Reports is now free. So what are you waiting for?
  • It’s FAFSA season!
  • State of Our Practice & Your Referrals
  • No Checks for Charity!
  • The Investor’s Manifesto
  • Charitable Giving in a High Standard Deduction World
  • Paying K-12 Tuition with a 529 Plan
  • 401(k) & Gifting Limits Set to Rise
  • Nudge
  • Equifax Breach & Identity Theft
  • Is The Tuition Bubble Starting to Leak?
  • Why YOU should pay your Group Disability Insurance Premium
  • Is your ESPP a fountain of guaranteed return?
  • Investing in Stocks vs. Markets

31 Church Street, Floor 3, Winchester, MA 01890 | Phone 781.721.2300 | Fax 781.721.0086

Site Disclosure | Client Relationship Summary | ADV | Privacy

Copyright © 2021

Disclosure

Boston Standard Wealth Management is registered with the Securities & Exchange Commission as an investment advisor. Our website is for informational purposes only and does not purport to render or offer to render personalized investment or financial planning advice. Advisory services may only be provided after the delivery of a disclosure statement and the execution of an investment advisory agreement by the client and the advisor. The website is intended to make available general information concerning our firm and the services we offer, but in no way should be construed as a complete description of either the firm or our service offering. Information throughout this site has been obtained from sources which we believe to be reliable, but we do not warrant or guarantee its timeliness or accuracy, and neither we nor our sources of information shall be held liable for errors or inaccuracies, regardless of cause, or any lack of timeliness or interruption in transmission to viewers. Nothing on this website should be interpreted as a real or assumed claim that past performance is any guarantee of future results.