How Financial Advisors Can Grow Their Business To Over $1 Billion In AUM In 10 Years

If we went into a lab to design a high-performance financial advisor, Gil Baumgarten might be the guy who emerges from the smoke. When Gil left his previous firm about ten years ago he had about $200 million in assets under management. Today his firm Segment Wealth Management has over $1.2 billion in AUM across only 210 households serviced by a team of 9 staff members. 

 
As you listen to this episode of The Modern Financial Advisor Podcast, keep in mind that Gil's model is something that every advisor can emulate within their own business. The secret to his success is keeping his business "extraordinarily simple" and focusing on doing what is best for his clients at all times.

Partner With Truelytics: Do you work with RIAs and independent financial advisors? Are you helping them grow their business, become more profitable, or prepare for transitions? If so, you should reach out to explore the Truelytics Solutions Partner Program. 

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Resources Related to this Episode:
Below is a list of resources related to this episode or mentioned in the update video above: 

• Gil's Book - "Foolish: How Investors Get Worked Up and Worked Over By The System" - As we mentioned during the podcast, this book is a fantastic resource for learning how to articulate financial concepts to prospects and clients in a way that will make them feel more comfortable with you as their advisor.
• Most Advisors Are Not Growing Their Business - Here's Why That's A Problem and How To Fix It - In the previous episode of the MFA Podcast, Kieran Bol from PriceMetrix by McKinsey shared some incredibly important data on advisory business growth. Give it a listen!
• How Financial Advisors Can Become Their Own Wealthiest Client - Transitioning from running a book of business to running a financial advisory business is key to achieving massive success. In this episode, Dan Cuprill of Advisor Architect shares how advisors can dramatically improve their profitability.