It's no longer uncommon to meet an advisor who is building a business that serves a specific client niche. While most advisors still serve a broad array of clients from a variety of different demographics and market segments, there is a growing number of RIAs and independent financial advisors who are getting laser-focused on a target market.
Nick Cantrell, Founder and CEO of Green Future Wealth Management has taken the niche-focused concept a few steps further than most. As you'll hear in this episode of the Modern Financial Advisor Podcast, not only is Nick targeting a specific client type, he is also focused on a specific type of investing that is favored by this niche. And to top things off, Nick has a bold vision to change the world by virtue of how his firm does business.
Diversifying Your Client Age Base - Have you thought about the average age of your client roster? How concentrated is your firm's AUM in the top decile of your client roster's age brackets? It might be time to diversify.