The Admired Advisor Podcast: Starting Early, Famous Frameworks, and Finding Big Rocks with Jim Crider

Starting Early, Famous Frameworks, and Finding Big Rocks with Jim Crider

Apr 4, 2022

Do you ever wish you could have a financial do-over? Jim Crider spent the first few years of his career speaking to clients and wishing he could turn back their financial clocks. After all, just a few poor decisions early in life can derail a meaningful retirement and leave you racing to the finish line.

While many advisors gravitate toward clients who’ve accumulated a substantial nest egg, Jim has done something different. And when you specialize, your services are all the more valuable.

Besides a bold choice in clientele, Jim launched his business mid-pandemic and just three weeks before the birth of his third child. Navigating remote relationships and year one as a business owner has certainly been challenging, but Jim’s success can be attributed to the same skillset he provides clients: planning.

In this episode, Jim talks with Steve about his refreshing ideas on frameworks, the tools he uses to deliver a superior client experience, how he launched a successful practice mid-pandemic, and how he discovers what’s really important to clients while reminding them of those values every step of the way.

Key Takeaways

[01:16] - An introduction to Intentional Living FP.
[03:31] - How many families Jim works with.
[04:12] - How Jim launched a firm in the middle of a pandemic.
[08:08] - How Jim markets himself.
[10:11] - How Jim makes his compensation work with a younger demographic (a breakdown of his fee structure).
[13:32] - Why Jim tries to uncover his clients’ “big rocks” in every conversation.
[21:22] - How Jim keeps that first enriching client conversation going.
[27:04] - Why Jim is particular about who he works with.
[29:21] - Why Jim’s clients aren’t concerned about the economy.
[30:47] - How Jim structures client communication.
[33:30] - When Jim thinks he’ll need to expand his operation.
[35:39] - What resources Jim leverages to stay sharp.

Quotes

[19:34] - “Very rarely does someone even ask, ‘hey what’s important to you in life? Who do you want to be and what do you want to do?’ And that’s just so freeing.” ~ Jim Crider

[25:41] - “This is about your life. You said this is important to you, let's do it. So that is how we keep that flame going — making sure we’re not neglecting it. It’s not about the money. We could do the best tax planning ever, if the taxes saved and the investments made don’t serve that purpose, we’ve missed the mark. ” ~ Jim Crider

[27:59] - “My job is to understand and help people get very articulate of what’s important in life. And I simply come alongside and help them use their money in the most efficient and effective way to help them serve that purpose. It’s that simple.” ~ Jim Crider

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