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What I've Been Up To.


You might have noticed, or maybe you didn't... I've been posting a little less frequently. Been busy. I'm partnering with my boss at the Garrett Planning Network, Sheryl Garrett, to start up a new financial planning firm.

Currently, financial planners can pay a flat licensing fee to join the Garrett Planning Network and we help them start and run their own independent state-registered financial planning and investment advisory firm. We coach them on everything they need to run a Fee-Only, hourly financial planning business, but ultimately the responsibility falls on them to run the day-to-day operations of their firm.

We're creating a new, additional service for members of the Garrett Planning Network. Sheryl and I are creating a new nationally-registered (SEC) financial planning and investment advisory firm. Now financial planners (who are also members of the Garrett Planning Network) can choose to join our larger firm and we take some of the compliance/regulatory, operations, billing, software/tool selection functions off their plate so they can focus more on financial planning and less on the day-to-day operations of their firm. At the same time, they will still be able to do business as (d/b/a) their own firm name, they can still build their own brand, keep their own clients, etc. For example, I'll still do business as Nichols Financial Advice, but I'll technically be part of our new larger firm called Garrett Investment Advisors, LLC.

Thought some of you might find that interesting so I wanted to share that with you all. It's a very exciting venture and will be quite unique in the financial planning world.

Have a fantastic weekend!