Advisors who have seen the growth of their business slow somewhere above the $100,000 gross mark and want to get it growing again try to make it happen in several ways that don’t work well for them: Increasing their hours doing the same work that got them to that point. This is exhausting and often…
Nearly 30 years ago, I had a lucrative law practice that was, literally, killing me. I wanted to keep the income flowing but cut my hours from 60 plus a week down enough that I could spend quality time with my wife and two little girls, but I didn’t know how to make that work.
Over 15 years ago, when I became the National Sales Training Director for First Investors, I introduced an idea that was very controversial. I told veteran FAs to find a niche, pick one product or service that their target client needs, and be able to articulate why they were the best advisor that target client
[This article was inspired by one shared with me a while ago by my coaching colleague, Rich Litvin. I want to acknowledge that I “borrowed” some of his ideas and language.] The last time you sat down with a prospect, you probably went through some awkward small talk while you anticipated getting down to fact
After over 20 years working with financial and insurance professionals, I have learned that most of them don’t see themselves as business owners, so they don’t look that closely at their business metrics. Usually, they can tell me about their gross income and their assets under management. Sometimes—but not always—they can give me a breakdown
Dear Sandy, How do I get past my run of bad luck and get my practice back on track? It seems that every time I get close to landing a big client, something bad happens to kill the deal: My alarm clock doesn’t work and I oversleep; I forget an important document I needed for
