Meeting investors through financial planners

Tax Liens & Mortgage Notes
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Meeting investors through financial planners

Joshua Andrews
Lender · Austin, TX · Member since 2012 · 211 posts · 166 votes

I'm curious if any note investors have spent the time cultivating relationships with financial planners or advisers in order to gain access to their pool of clients? This would be for investing in notes. To me this would seem like a reasonable way to gain access to a large number of people, mostly small time IRA type investors. Thoughts or feedback? All are welcomed! Thanks.

Josh

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    11y

    Put yourself in a financial a planners shoes.  Someone approaches you and asks to get in touch with your client list so they can offer them alternative investments.  How will you as their financial planner make your fee for doing this? 

    I have thought of this a long time ago and I dont see it working.  

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  • Joshua Andrews
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    Lender · Austin, TX · Member since 2012 · 211 posts · 166 votes
    11y

    Hi Curt,

    That's a great point. Financial planners are required to take continuing education credits every 2 or 3 years to keep their license. Any person or company can get registered to offer these credits. I have a similar situation with Architects in another line of work I'm in, where we go in and offer them a short 45 minute class which counts towards their AIA credits. They love it, we are offering value (education credits which they are required to take), and get to introduce ourselves in a non salesy manner and establish relationships. It's cheap and easy to do.

    Not sure how I would compensate the financial planner, but that part would be a must if they referred a client. I am also not sure what laws fall into play here. That's why I posted on BP, to see if anyone else had feedback or experience with this.

    Thanks for your feedback!

    Josh

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  • Bob Malecki
    Investor · Kingston, WA · Member since 2008 · 1k+ posts · 1k+ votes
    11y

    As I understand it, financial planners make money when they help a client invest in a stock or fund both from the client-fee side as well as compensation from the fund in which the investment is made. I don't see why they would recommend to invest their clients funds in an unknown area like notes. These guys/gals have researched the investments that they recommend so you would have to get their attention and provide a very thorough education program with a lot of performance history.

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