Guide My Finances

Congratulations to Sean Boylan, CFA, on earning the CFA charter! 🥳

The CFA charter is one of the most respected credentials in the investment profession, covering portfolio management, investment analysis, economics, ethics, and financial markets. Earning the charter requires years of study, dedication, and a commitment to the highest professional and ethical standards.

We’re proud of Sean’s achievement and excited to see him continue helping clients navigate their financial futures with confidence.

Over 1,000 SpaceX employees reportedly formed a private Slack channel to negotiate lower advisory fees and demand services like direct indexing, securities lending, and covered call strategies.👀

That shouldn't be a news story. At this level of wealth, it should already be the standard.

The employees are doing exactly what they should be doing: asking questions, comparing options, and making sure they're getting value for what they're paying.

What surprises us is not that they asked. It is that they had to.

Here's what they're asking for:
✅ Lower advisory fees. For anyone approaching this level of wealth, fees at or below 0.50% are not a special arrangement. They are simply what the math works out to at this asset level.

✅ Direct indexing to harvest tax losses, customize portfolios, and avoid adding even more exposure to SpaceX through index funds.

✅ Securities-based lending to access liquidity without creating a taxable event, especially during lockup periods.

✅ Covered call strategies to generate income while managing concentrated stock positions and building a long-term diversification plan.

This will not be the last time we see this. Employees at OpenAI, Anthropic, Databricks, and Anduril are next. And to them we say: these services exist and advisors/planners who charge these fees at this wealth level exist. The answer is finding the right one!

A liquidity event can create life-changing wealth. It can also create concentrated risk, tax headaches, and costly mistakes if your financial plan isn't in place and done correctly.

If you're sitting on substantial equity compensation and wondering what services, strategies, and fee structures you should actually be receiving, let's talk. Our team is happy to provide a no-cost second opinion on your portfolio and financial plan.

Happy Memorial Day!

Today we honor the brave men and women who fought for our country! ❤️

Our offices are closed today for the holiday. We will respond to all emails tomorrow!