Ep #388: Unlocking the Power of a Partnership, The Evolution of AVID Planning with Jack Arnold and David Harpool

XYPN Radio

In this episode of XYPN Radio, we are thrilled to welcome back Jack Arnold, CFP®, and David Harpool, AAMS®, founders of AVID Planning in St. Petersburg, Florida. Having first joined us in January 2022 on XYPN Radio Episode 326, Jack and David return to share the significant changes and challenges they’ve faced while continuing to build and grow their firm.

They discuss the considerations required when moving from a large financial advisory firm to an independent RIA, navigating non-compete clauses, and handling compliance when first striking out on their own. We delve into their unique partnership dynamics, exploring how they manage disagreements and how their friendship and shared passion for their work strengthen their professional relationship.

Listeners will be particularly intrigued by the bold decision to reduce their client base by nearly 50% and how the shift enabled them to provide the deep, meaningful planning they and their clients desire. Join us for an insightful conversation about evolving a financial planning practice with intention and integrity.

What You’ll Learn From this Episode:

• How working independently outside of a large financial advisory firm as an RIA provides career flexibility and autonomy

• Reconciling non-compete agreements when transitioning to an RIA from a more prominent firm

• How clients perceive their relationships with you, their advisor, as a personal connection rather than being loyal to any particular firm

• Why pairing down your client base as your firm grows and evolves can benefit your changing professional and personal goals

• How surge meetings can be used to keep clients up to date and streamline your workload during the rest of the year

• The proper way to approach financial advising as a means of truly helping people

• Working with a partner in your firm and the best way to handle disagreements and differing visions