Personal Finance Advisor

Personal Finance Advisor Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Managing money effectively can be daunting, but becoming a personal finance advisor transforms that challenge into a viable business.

As a personal finance advisor, your role is to provide expert advice to individuals on budgeting, saving, investing, and financial planning. You assist clients in understanding their financial situations and devising strategies to achieve their monetary goals.

The demand for personal finance advice is growing. Many people struggle to manage their finances and are willing to pay for professional guidance. This business allows you to make a meaningful impact on your clients' lives while carving out a rewarding career for yourself.

To get started, you will need strong financial knowledge, relevant certifications, and excellent interpersonal skills. Building a client base requires networking, marketing, and establishing trust. If you’re driven by a desire to help others achieve financial independence, this could be the perfect venture for you.

In this list, you'll find real-world personal finance advisor success stories and very profitable examples of starting a personal finance advisor that makes money.

1. The Good Life Companies ($24M/year)

Founder Conor Delaney came up with the idea for Good Life Companies after realizing the need for a comprehensive financial services organization that catered to independent financial advisors. The business started as a service-oriented entity offering client transition services, but quickly expanded to include real estate, marketing support, administrative services, and more. The company's unique approach and ability to adapt to advisors' needs have allowed it to attract and retain customers successfully.

How much money it makes: $24M/year
How much did it cost to start: $500K
How many people on the team: 60

How We Started A $2M/Month Independent Financial Advisor Network

How one financial services company, Good Life Companies, went from a multi-faceted service organization to a nationally recognized brand with $25 million in revenue, averaging 50-75% growth per year, by providing independent financial advisors with the support, infrastructure, and real estate necessary to operate their practices and meet all needs, along with investing in marketing strategies and expanding their offering to multiple broker-dealer channels.

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Read by 6,412 founders

2. Money Geek ($120K/year)

Michael, a former personal finance professional, started Money Geek after a marketing company convinced him to blog for client recruitment. Dissatisfied with their content, he took over and saw the blog skyrocket to 250k monthly page views within nine months, ultimately generating over $10k a month.

How much money it makes: $120K/year
How much did it cost to start: $2.5K
How many people on the team: 0

How I Started A 250K Monthly Pageviews Personal Finance Blog

Your Money Geek blog grew rapidly to over 250k monthly page views in nine months, leading to the creation of a white-glove, paid mastermind program to help site owners drive traffic and revenue for their own blogs.

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Read by 19,400 founders