February 2021 Issue: Leading with Advice-Leading with Advice by Bridget McCrea

Leading with Advice by Bridget McCrea

Pdf Summary

Daniel C. Tripp, founder and financial planner at Thirty Mile Financial in San Francisco, started his fee-only financial planning business in 2019 after a successful 12-year military career. Tripp had no prior financial planning experience but had a passion for investing and money management. He enrolled in Golden Gate University's financial planning program and earned his master's degree through the GI Bill.<br /><br />Tripp focuses on serving IT professionals who have stock options, equity compensation, and tax difficulties, as well as young families preparing for financial independence. He provides advice, education, and guidance on investments, particularly in terms of reducing risk and understanding tax consequences.<br /><br />Despite facing challenges from the COVID-19 pandemic, Tripp has rebounded and added new clients to his roster. He believes in leading with advice and sees the fee-only model as the future of financial planning. Tripp is a member of NAPFA and the XY Planning Network and values the least conflict of interest possible in his profession.<br /><br />Tripp targets younger families with healthy salaries and equity compensation, helping them make smart financial moves towards financial independence. He emphasizes the importance of providing quality advice and being transparent with clients. Tripp believes that people are reevaluating their personal financial strategies and life goals in light of the pandemic, creating opportunities for fee-only planners like himself who prioritize advice over asset gathering or selling annuities.<br /><br />To attract and engage clients, Tripp uses social media, blogs, and tech-based communications. He also relies on referrals from his current client base. Tripp encourages NAPFA members to stay curious about their fellow planners, network as much as possible, and pay it forward through mentorship and support within the fee-only financial planning community.

Keywords

Daniel C. Tripp

Thirty Mile Financial

financial planner

fee-only financial planning

San Francisco

IT professionals

tax difficulties

young families

financial independence

transparency