Transitioning a Financial Advisory Business for Continued Growth

The financial advisor profession is constantly evolving. Just ask Bill Trigleth of Cannon Financial Institute, who started his career as a stockbroker (registered rep) in 1979. Back then it was all about selling products to financial consumers for a commission. Today's financial advisor has the opportunity to serve clients in much more expansive and impactful ways.

 
In this episode of The Modern Financial Advisor Podcast, Bill shares his vision for how any financial advisor can transition their business from one solely dependent on AUM to one that offers a more comprehensive set of financial advisory solutions and in the process create a business more suited for growth in the years to come. 

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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Disclosure
The information, analysis, and opinions expressed herein are for general information only. Nothing contained in this podcast is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The statements contained herein are based upon the opinions of third-party sources. Information obtained from third party sources is believed to be reliable but not guaranteed. All opinions and views constitute the judgments of the author(s) as of the date of recording and are subject to change at any time without notice. 

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

• The State of North American Retail Wealth Management - Market performance accounts for most of the growth RIAs and independent financial advisors have realized in recent years. See what else the 2020 McKinsey has to say about the state of the industry today.
• Learning to Navigate Life's Transitions - Making a transition often requires understanding where you are, where you've been, and investing some time into thinking about the future. Jeff Hamaoui of the Modern Elder Academy explains why this is so critical for today's financial advisors. 
• How to Increase the Value of a Financial Advisory Business by Adding Tax Planning Services - Expanding the services that your financial advisory business offers to clients does not always require you obtaining new designations or hiring staff. Sometimes it's as easy as working a third-party service provider to add tax planning for your clients.