Ep #16: Transitioning from a Wirehouse to an RIA with Hallie Kraus

Hallie Kraus is a financial planner with The Humphreys Group in San Francisco, CA. Today she joins the show to share how she was introduced to financial planning through a credit counseling position and what made her want to get into the profession, as well as why the wirehouse channel was top of mind for her when looking for a position and why she ultimately left the wirehouse channel for the fee-only RIA channel.

Listen in as Hallie explains how she found a perfect fit at a small boutique firm, where she still works today, and the relationships she has with the other team members and clients. You will learn the tools she utilizes to develop more meaningful relationships with her clients, how her psychology degree and thousands of credit counseling client meetings have catapulted her career forward, and her tips for what resources job seekers should consider when trying to find their perfect fit.

What You'll Learn In Today's Episode:

How Hallie got introduced to financial planning. (2:24)
What it was like transitioning to Merrell. (7:14)
How many clients she was able to bring in during her first few years. (10:25)
What Hallie learned from her time from Merrell. (13:58)
What the interview process was like for The Humphreys Group. (18:10)
What Hallie has learned since working with The Humphreys Group. (20:25)
What you can uncover about a client with minimal prying. (25:52)

Ideas Worth Sharing:

“{Financial planning is} an industry for working with and connecting with other people.”- Hallie Kraus Share on X “It doesn’t take much to uncover something really interesting about a client.”- Hallie Kraus Share on X “My technical knowledge has only become more comprehensive and more well-rounded.”- Hallie Kraus Share on X

Resources In Today's Episode:

Download your free copy of the New Planner Career Roadmap!

In this roadmap, you'll be guided through the details of various stages of your financial planner career, including position descriptions, licensing, skill and experience level requirements, and compensation ranges.