If not one of the biggest, certainly one of the most common career mistakes that I see young advisors make is timing. They don’t seem to realize that when they ask for something—a raise, a new job description, a vacation, partnership, etc.—can be just as important as what they are asking for.
In fact, more often than not, junior advisors go to their firm owners with their requests at exactly the wrong time: at the end of a quarter. Most independent advisory firms charge their advisory fees to their clients at the beginning of each quarter; which means by the end of the quarter, cash reserves are at their lowest. It doesn’t take Nostradamus to predict this would be the worst time to ask for anything.