Finding Success in Year One of Your RIA

I recently interviewed Shawn Tydlaska of Ballast Point Financial Planning in XYPN Radio Episode #103. Shawn is undoubtedly a success story. Within his first year of launching his RIA he has gone from zero to 38 clients – 26 of which are ongoing retainer clients.

Success of this magnitude in an RIA’s first year is rare, but not unachievable. Shawn made some interesting points in our interview, and I wanted to drill deeper into some of them here. We hear a lot of people’s success stories coming from a vantage point where they’re 3-5 years down the line from their initial RIA launch. Having Shawn’s perspective – both the good and the bad – having just launched a little over a year ago is incredibly valuable.