What Does it Take to Build a Successful Financial Planning Practice?

This episode will describe what it means to have a successful practice and then explain our approach to building the business through bringing in the right personnel. We’re going to talk about hiring and outsourcing strategies, some of the partners that we’ve worked with, and the one hire that has really helped grow our financial planning practice.

If you’ve ever wondered how some advisors can get so much more work done in the same amount of time, this episode will give you an idea of the right steps and processes to be implementing now.

 

Featured Quote:

"I see this mistake happen all the time. You have so many advisors that will try to make their administrative person the person that makes the phone calls to help book the appointments. Let me tell you something, they hate doing that." -Mastermind Advisor Marketing

 

Here is some of what we’ll cover in this episode:

• Structuring your practice to give you more time. (3:51)
• Two books you need to read. (5:51)
• Who we have working in our office and the role that each of them plays. (9:31)
• The way we approach appointment setting. (16:42)
• Why we brought on another advisor. (23:38)
• Incentivizing people well enough and make the job rewarding enough that they want to stay. (30:32)

 

If you  want to watch this episode, check out our YouTube channel for the video: https://www.youtube.com/@MasterMindAdvisor 

 

Resources:

Mastermind Advisor Website: https://mastermindadvisor.com