Advisor Talk with Frank LaRosa

Key takeaways from today's episode include: -How to identify the right metrics that drive better lead generation and client conversions. -The value of internal and external Net Promoter Scores for client retention and operational insight. -Why small firms need to think like big ones - and build systems that scale. -How to future-proof your business with the right tech stack, workflows, and integrations. -What Amazon, Tom Brady, and Ferrari racing all have in common with elite advisory practices. From client segmentation to CRM integrations, this episode offers actionable insights for advisors looking to run smarter, more scalable businesses. Tune in to learn how data can be your competitive edge - and how to get started, no matter the size of your firm.

In this live edition of Advisor Talk, recorded on the floor at IGNITE, Elite Consulting Partners CEO Frank LaRosa sits down with Senior Vice President-Head of Advisor Recruiting Consulting at Raymond James, Joseph Pellegrini, for a conversation centered on what truly sets the firm apart - choice, culture, and advisor autonomy. Whether W-2 or 1099, Raymond James offers advisors a platform that meets them where they are, with the flexibility to grow their business on their own terms. The discussion explores how the firm's commitment to culture, customization, and long-term partnership continues to attract top advisor talent. If you're curious about what real independence with real support looks like, this conversation is one you won't want to miss.

On Day 2 of Advisor Talk live from IGNITE, Frank LaRosa is joined by Brian Mora, Senior Vice President at Ameriprise, for a powerful conversation on leadership, advisor growth, and the evolving expectations in today's wealth management landscape. From creating meaningful advisor experiences to staying agile in a fast-moving industry, Brian shares his perspective from the top - and what it takes to lead with purpose. Tune in for behind-the-scenes insights from the IGNITE conference floor.

In this special live edition of Advisor Talk, recorded on Day 1 of IGNITE, Elite Consulting Partners CEO Frank LaRosa sits down with top voices in the industry to discuss the energy, innovation, and big ideas shaping the future of wealth management. Tune in for real-time insights from the floor, including advisor trends, firm culture highlights, and what's next for Steward Partners. Whether you were there in person or missed the event, this episode brings you straight into the action.

Topics covered include:Rich's path to the CEO role and his early vision for the future of LPL. The evolution of affiliation models - from 1099 to W-2 and beyond. Why independence isn't just a structure - it's a mindset. LPL's take on private equity's role in the industry and the cautionary tale it presents. How LPL is helping advisors monetize their practices without selling out. The importance of staying small while scaling big - and delivering “unreasonable hospitality.”If you're an advisor thinking about your next chapter, your firm's long-term strategy, or what true partnership looks like, this episode is packed with insight from the top.Listen now and don't forget to subscribe on your favorite podcast platform.Want to connect with Frank? Reach out at:Frank@EliteConsultingPartners.comDM Frank on Instagram: @FrankLaRosa.Elite

In this episode, they unpack:Why advisor choice is shrinking - and what that means for your future How OSJ's and producer group models are more relevant than ever The cultural disconnect between firm leadership and field teams Why the RIA space is no longer the “wild west” and is closing the gap with IBDs How consolidation is forcing advisors to re-evaluate what they really wantWhether you're looking for better service, more autonomy, or simply trying to avoid being caught in another acquisition wave, this episode delivers straight talk and practical insight to help you make the best move for your business.Have a question for Frank? Reach out at Frank@EliteConsultingPartners.com or DM him on Instagram (@FrankLaRosa.Elite).Like, subscribe, and leave a review!

In this episode, Frank breaks it all down:-Why the $90M SEC penalty wasn't actually dismissed – and what a “reprieve” really means-The financial and emotional toll of multi-year legal battles (even when you ‘win')-How thin margins and legal pressure can force even well-run firms into tough decisions-The cultural clash that may lie ahead between LPL and Commonwealth-Why perception isn't always reality – and how advisors can read between the linesIf you're an advisor at Commonwealth, LPL, or simply paying attention to how industry consolidation impacts your future, this episode is essential listening.Have a question for Frank? Reach out at Frank@EliteConsultingPartners.com or DM him on Instagram (@FrankLaRosa.Elite).Like, subscribe, and leave a review!

Topics covered include:Why comparing payout percentages rarely tells the full story. How custom pro formas cut through the noise and reveal the real net numbers. The top mistakes advisors make when analyzing firm economics. How a $100K difference can shrink fast when you factor in headcount, taxes, and firm fees. What actually moves the needle in long-term success (hint: it's not the ticket charges). If you're evaluating a potential move or feeling stuck in analysis paralysis, this episode is your wake-up call to stop splitting hairs and start focusing on what really matters.Listen now and be sure to subscribe on your favorite podcast platform. Want to connect with Frank and the team? Reach out at:Frank@EliteConsultingPartners.comStacey@EliteConsultingPartners.comDM Frank on Instagram: @FrankLaRosa.Elite

Show highlights include:-The ripple effects of a $90M SEC fine and how it may have triggered this acquisition-The unintended consequences advisors face when their firm's actions force them into quick decisions-How consolidation is impacting advisor choice and independence-Why now is the time to be selfish - and strategic - when it comes to your businessWhether you're with Commonwealth, LPL, or any other firm navigating today's rapidly evolving industry, this episode is a must-listen.Have a question for Frank? Reach out at Frank@EliteConsultingPartners.com, or DM him on Instagram (@FrankLaRosaElite).Like, subscribe, and leave us a review! 

Topics covered include:Why more conversations don't always mean more clarity. How to know when it's time to stop looking and start deciding. The role a strategic consultant plays in simplifying the firm selection process. What really differentiates firms beyond compensation and tech. The mindset shift needed to find your “forever firm.”If you're in transition or even just thinking about a potential move, this episode offers a candid look at the mistakes to avoid - and the process that actually works.Listen now and be sure to subscribe on your favorite podcast platform. Want to connect with Frank and the team? Reach out at:Frank@EliteConsultingPartners.comStacey@EliteConsultingPartners.comDM Frank on Instagram: @FrankLaRosa.Elite

Key takeaways from today's episode include:The seven essential factors advisors should consider when evaluating CRM platforms.Why Redtail and Wealthbox are popular choices - but may not be scalable for growing firms.How Salesforce offers unmatched customization, automation, and AI-driven insights.The power of integration: How a well-structured CRM connects with key platforms like eMoney, Black Diamond, and Orion.Real-world examples of how the right CRM strategy can improve efficiency, compliance, and client service.Frank and Sue pull back the curtain on the role of CRM in building a successful advisory business, sharing practical insights that can help firms of all sizes optimize their operations. Whether you're considering a new CRM, looking to maximize your current system, or just want to future-proof your tech stack, this episode is a must-listen.Tune in now to discover which CRM solution is the best fit for your practice!

Frank breaks down two key strategies to help advisors regain their passion while maintaining a thriving business:Rolling up into a larger RIA to offload operational responsibilities while maintaining client relationships.Building the right internal team by hiring specialists to handle compliance, HR, finance, and other business functions so you can focus on advising.He also discusses:How to evaluate your daily tasks and identify what to delegate.The importance of viewing new hires as investments, not expenses.Why focusing on your strengths as an advisor leads to greater profitability and business growth.How surrounding yourself with the right people allows you to stay in the CEO role - without the daily headaches.If you're an advisor struggling with the balance between business ownership and client service, this episode offers the clarity you need to take action.Have a question for Frank? Reach out at Frank@EliteConsultingPartners.com, DM him on Instagram (@FrankLaRosaElite), or connect on LinkedIn https://www.linkedin.com/in/eliteceo-franklarosa/Like, subscribe, and leave us a review!

Frank and Sue break down three essential automation strategies that every advisor should implement:How to streamline client onboarding with automated workflows to save time and reduce human error.Using automated tracking and email alerts to ensure clients take required minimum distributions on time.Automating tax document distribution to improve efficiency and avoid last-minute client frustrations.Why clean, structured data not only improves operations but also increases business valuations in M&A deals.How automating processes allows your business to not be dependent on one person knowing how to do everything.Learn how to leverage dashboards and analytics to make informed business decisions that drive profitability.If you're an advisor looking to optimize your back-office operations, this is an episode you don't want to miss! Ready to take your practice to the next level? Contact Sue at suecheema@eliteconsultingpartners.com or reach out to Frank at frank@eliteconsultingpartners.com.Like, subscribe, and leave us a review!

Topics covered include:- How to attract ideal clients by providing meaningful, actionable content.- The systems top entrepreneurs use to generate revenue (and why advisors should pay attention).- Why focusing on the right tasks can dramatically improve growth.- How patience and strategic decision-making lead to sustainable success.- The key to hiring, retaining, and leveraging top-tier talent.This episode is packed with practical strategies you can implement today to enhance your practice. If you're serious about growth, efficiency, and long-term success, this conversation is a must-listen!Listen now and be sure to subscribe on your favorite podcast platform. Want to connect with Frank and the team? Reach out at:Frank@EliteConsultingPartners.comStacey@EliteConsultingPartners.comDM Frank on Instagram: @FrankLaRosa.Elite

Today's show highlights include:What quickly growing advisors are doing differently that separates them from their peers.Why advisors who utilize their firm's resources the most, consistently provide a higher level of service to their clients.What Scott Curtis's promotion to Chief Operating Officer of Raymond James Financial means for advisors who are at Raymond James, or who are looking to transition to Raymond James.The impact that high business valuations is having on the financial services industry, and what future implications advisors should be expecting to see.The common mistake that Frank and Scott are seeing advisors making everywhere when they are looking to sell their practice.Today's action-packed conversation between Frank and Scott underscores the need for advisors to stay informed, proactive, and adaptable in order to thrive amidst industry shifts and changing expectations. Ultimately, this episode serves as a valuable resource for advisors seeking to elevate their performance and navigate the complexities of financial services with confidence and competence. Armed with actionable takeaways, listeners are better equipped to thrive and grow their practices amidst the challenges and opportunities of being a financial advisor.

Key takeaways from today's episode include:Why timing is never truly perfect, and how planning ahead makes all the difference.How to streamline the workload of transitioning and avoid feeling overwhelmed.Why fears of losing clients or revenue are often overestimated and how proper preparation ensures success.The importance of focusing on the long-term growth of your practice, rather than short-term discomfort.How a consultative approach like the Next Level Process helps advisors navigate transitions confidently and efficiently.Frank and Stacey stress the importance of aligning your vision, goals, and client needs with the right firm's resources and platform. They also share real-world success stories that illustrate how the right move can lead to exponential growth and renewed energy for your business.Advisors who've made the leap often say, “I wish I'd done this sooner.” Don't let fear keep you from taking the next step toward your career goals. Tune in for this engaging discussion and discover how Elite Consulting Partners can help you achieve a brighter future.

Key takeaways from today's episode include:Why 2024 was a blockbuster year for M&A, with over 300 major transactions - and why that number doesn't even scratch the surface of the full deal flow.The increasing role of private equity in the advisory space and how it's reshaping competition, valuations, and acquisition strategies.The biggest mistakes buyers make that cause deals to fall apart - and how to avoid them.How advisors can position themselves to maximize their firm's valuation and attract the right buyers.Why marketing, branding, and a strong succession plan are critical components of a successful M&A deal.Frank and Joe dive deep into the realities of today's M&A market, offering practical strategies for advisors looking to make informed decisions about their future. Whether you're exploring an acquisition, preparing your firm for sale, or just want to stay ahead of industry trends, this episode provides valuable insights to help you make the right moves.Tune in now for a data-driven look at the current M&A landscape and what it means for financial advisors in 2024 and beyond!

Key takeaways from today's episode include:-Why having a well-defined marketing plan is essential for standing out in an increasingly crowded marketplace - and how to craft one that works.-The importance of differentiating between your growth plan and marketing strategy to accelerate business development and maximize opportunities.-How improving data and operational efficiencies through automation and system enhancements can drive better client outcomes and reduce time-intensive tasks.-Why conducting regular client audits is critical for ensuring top-tier client service and maintaining strong relationships.-The significance of implementing a succession or contingency plan to safeguard your business and protect your clients in case of unforeseen events.Frank and Stacy delve into these five critical areas, providing practical tips for advisors to enhance their branding, streamline operations, and proactively plan for the future. Whether it's optimizing your client touchpoints, leveraging technology to improve efficiencies, or understanding the power of branding beyond lead generation, this episode equips advisors with the tools to make 2025 their most productive year yet.Start your year strong by tuning in and answering the tough questions that will set your practice up for sustainable growth. Don't miss this engaging conversation packed with insights to elevate your advisory business! 

Key takeaways from today's episode include:The importance of tracking sales cycles and understanding the time prospects spend at each stage of your process - and how this can unlock new growth opportunities.How automation and workflow enhancements can reduce inefficiencies and accelerate your business operations.Real-life examples of how improving onboarding timelines and sales processes can significantly impact your revenue.Why obsessing over data points and trends can transform how you approach both short-term challenges and long-term strategy.Practical steps for integrating CRM systems and data-driven insights to make faster, smarter business decisions.Frank emphasizes the power of knowing your numbers - not just basic metrics like AUM or portfolio returns - but the deeper data points that reveal operational inefficiencies and areas for improvement. By creating automated systems and obsessing over KPIs, advisors can enhance their client experience and position their practices for sustainable growth.Whether you're a financial advisor, business owner, or simply looking to sharpen your operational edge, this episode is packed with insights and strategies to help you take control of your business metrics and drive results. Don't miss this in-depth, insightful conversation!

Key takeaways from today's episode include:Why selling your business to a larger enterprise may not solve your operational challenges - and how to avoid becoming a W-2 employee again.The importance of maintaining control over your practice and building a structure that aligns with your goals.How to surround yourself with the right team and resources to achieve both personal and professional fulfillment.Why it's critical to explore all transition options - beyond outright sales - and how to identify the best fit for your needs.Real-life anecdotes that illustrate the consequences of rushed decisions and the value of a strategic, consultative approach.Frank and Stacey emphasize that the journey to a successful transition starts with understanding your motivations and exploring every possible avenue. They discuss the benefits of surrounding yourself with the right people, investing in leadership development, and using strategic planning to achieve both freedom and business growth. With Elite Consulting Partners as your guide, you can chart a path that ensures your long-term success while preserving your practice's legacy.Whether you're contemplating retirement, scaling back, or simply looking to optimize your business, this episode is packed with valuable advice and strategies. Don't miss this engaging and thought-provoking conversation!

Key takeaways from today's episode include:*The critical distinction between managing and leading employees.*How to align employee performance with your company's core values.*Best practices for providing training and development tools to your team.*Why marketing and branding are key to sustained growth.*The role of personal growth in becoming a better leader for your employees.Join Frank and Stacey as they break down practical steps for maintaining a successful firm beyond your initial transition. From fee structures and pricing to strengthening client relationships, this episode covers what it takes to manage and lead a business effectively. Listen now to discover how their leadership and storytelling approach is transforming the financial services industry- and how you can do the same.

Today's show highlights include:• How predictability can lead to the downfall of your business.• The crucial role of modifying your brand, website, logo, and mission statement as your company grows.• Practical tips for analyzing every aspect of your business and identifying KPIs for change.• Why adaptability is essential for entrepreneurs to succeed.Listen now to hear Frank and Stacey share their insights on reshaping your company's vision, crafting a strong mission statement, and continuously improving your processes. Complacency can be detrimental to your business- learn how to stay ahead of it and ensure your company is always evolving for success.

Key predictions explored in this episode include:Why smaller RIAs are rolling up into larger entities and how this trend will reshape the landscape for firms under $1 billion in assets.Increased seller interest, high valuations, and the influx of new private equity and outside capital driving competition in the advisory space.The rise of new players entering the industry and how their investments are impacting advisor valuations and business strategies.Changes in how broker-dealers fund and support large enterprises, with a closer look at evolving recruitment strategies.Why some independent advisors and RIA owners are choosing to move back to W-2 channels for simplicity, camaraderie, and upfront financial incentives.Frank and Stacey offer thoughtful analysis on these trends, backed by their expertise and real-world conversations with advisors across the industry. Whether you're navigating RIA options, considering an M&A deal, or looking to refine your business model, this episode provides invaluable insights to prepare you for 2025 and beyond.Tune in now for expert predictions and strategies to position your practice for success!

This episode dives into pivotal themes, including:Insights from Scott Curtis, COO of Raymond James Financial, on the importance of flexibility and continuous learning, including how to navigate AI advancements and shifting practice valuations.A breakdown of the discussion with Vince Leto on the fundamentals of becoming an RIA, weighing the pros and cons of independence, and understanding the hidden costs and liabilities of running your own firm.Strategies for building a high-performing team, optimizing processes, and making tough decisions about staff and business operations to accelerate growth.Why staying stagnant can hurt your business and how deeper client conversations and proactive planning can reignite growth and strengthen relationships.This episode is packed with straightforward advice, industry trends, and real-world lessons drawn from some of the year's most impactful discussions. If you're looking to reflect on the year that was and prepare for the opportunities ahead, this episode is for you.Stay tuned for the next installment in our series, where we'll explore predictions for 2025 and how to position yourself for success in the new year.Listen now to gain valuable insights and elevate your practice for the future!

Key takeaways from today's episode include:Why honing in on what you do best and letting go of the rest is critical for growth.How adopting a 10x mindset shifts your focus to activities that create exponential results.A strategy to celebrate progress, maintain perspective, and stay motivated.Insights on balancing your workload to foster creativity and maintain focus.Simple practices that drive efficiency and keep you energized for the road ahead.This episode is packed with actionable advice inspired by Sullivan's approach, tailored for advisors seeking to refine their practice and mindset. With insights from Frank and Stacey's decades of experience, this discussion offers a powerful blueprint for growth.Stay tuned for the next episodes in this special series, where we'll continue the reflection and explore predictions for 2025. For now, dive into this engaging breakdown and discover new ways to optimize your business and achieve your goals.Listen now and take the first step toward making 2025 your best year yet!

Today's show highlights include:• How complacency creates a cycle that stops your business from advancing. • The hidden dangers of working for a “neutral” firm and how it can limit your success. • A growing trend of firms driving a wedge between financial advisors and their clients. • Why the advisor-client relationship holds more value than the firm-client relationship. Tune in as Frank and Stacey dissect how complacency impacts advisors, their firms, and their clients. They provide meaningful insights on why a firm switch might be the key to sparking your growth and offer practical tips on guiding your clients through this transition. This is a can't-miss episode for financial advisors who feel stuck and are eager to elevate their business to new heights.

Key takeaways from today's episode include:Why the “right firm” depends entirely on your unique practice and goals - and how to determine what's truly best for you.The critical difference between recruiters and consultants - and why working with the right partner changes everything.Why a comprehensive preparation process can make your transition smoother and more efficient.How to navigate deal negotiations and ensure you're getting the best value - not just the highest upfront dollar amount.Real-world advice for solidifying client relationships before, during, and after a transition.Frank and Stacey emphasize that every advisor's journey is unique, and the best transitions come down to meticulous preparation, clear objectives, and the right support. With Elite Consulting Partners as your guide, you can confidently navigate the complexities of your next career move. Tune in for an engaging discussion filled with practical tips, real-life anecdotes, and valuable insights to take your advisory practice to the next level.If you're thinking about making a change or just want to understand the process better, this episode is a must-listen.

Key takeaways from today's episode include:Why timing is never truly perfect, and how planning ahead makes all the difference.How to streamline the workload of transitioning and avoid feeling overwhelmed.Why fears of losing clients or revenue are often overestimated and how proper preparation ensures success.The importance of focusing on the long-term growth of your practice, rather than short-term discomfort.How a consultative approach like the Next Level Process helps advisors navigate transitions confidently and efficiently.Frank and Stacey stress the importance of aligning your vision, goals, and client needs with the right firm's resources and platform. They also share real-world success stories that illustrate how the right move can lead to exponential growth and renewed energy for your business.Advisors who've made the leap often say, “I wish I'd done this sooner.” Don't let fear keep you from taking the next step toward your career goals. Tune in for this engaging discussion and discover how Elite Consulting Partners can help you achieve a brighter future.

Key takeaways from today's episode include:How making small but strategic changes, like switching partners or tools, can lead to exponential growth in business and personal success.The emotional hurdles advisors face when considering a move, including loyalty and guilt, and how to overcome them.Why a firm change might be necessary for taking your advisory practice to the next level - and how to ensure the transition is smooth and beneficial.The importance of aligning your goals, vision, and client needs with a firm's resources and platform to maximize growth opportunities.Frank and Stacey emphasize that while loyalty and comfort are natural, they should never outweigh the need to prioritize your clients, team, and personal growth. Tune in to learn how making the right moves—both on the court and in business—can help you win at the highest level.

Today's episode highlights include:Considerations in legal representation when making a career move or planning an M&A transaction.Critical safeguards for buyers and sellers to secure M&A contracts and ensure a smooth transition.AI in finance—opportunities and the risks associated with fraud, client confidentiality, and regulatory compliance.Client communication and compliance pitfalls, with tips on maintaining accuracy and transparency in a digital-first world.Frank and Matt provide a well-rounded perspective on staying vigilant about legal risks, managing client data, and protecting practice value. Listen in to learn practical insights that will help you safeguard your business, build trust with clients, and strengthen your career path. This episode is essential for advisors who want to stay ahead in an industry where the stakes—and potential legal challenges—are always high.ATTORNEY ADVERTISING. THE CONTENT CONTAINED IN THIS PODCAST IS MEANT FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. NOTHING CONTAINED IN THIS EPISODE SHOULD BE CONSTRUED AS LEGAL, INVESTMENT, OR TAX ADVICE. LISTENING TO THIS EPISODE DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP.

Key takeaways from today's episode include:The impact of “set-it-and-forget-it” client relationships and how they may lead to a false sense of security.Why consistent, proactive communication matters, even in positive markets, to prevent clients from feeling overlooked.Simple systems and automation tips for keeping client connections strong, from milestone check-ins to meaningful outreach strategies.How to assess and strengthen client loyalty—and why it's crucial before any potential transition or succession.Frank and Stacey emphasize that the value of an advisory practice is more than just assets under management; it's the depth of client relationships. Tune in for their insights on ensuring your practice is built for longevity and client loyalty. Listen now to learn the steps you can take today to keep your clients engaged and your practice thriving.

Topics include: *The importance of having a clear understanding of what independence means to you so that you can find a firm partner that meets your unique needs. *An explanation of the varying levels of independence available to advisors, and the differences between the models depending on how much autonomy advisors are seeking. *How each independent channel has unique differences that can impact your practice and why it's crucial to understand these differences to make an informed decision when considering a transition opportunity. Through listening to this episode, financial advisors will gain insights into the spectrum of independence, from complete autonomy to supported independence within a larger organization. Together, Frank and Stacey have helped hundreds of advisors successfully transition to various independent channels. Use this episode as your go-to resource for understanding the nuances of financial advisor independence.

Today's show highlights include: *The benefits of home office visits for both firms and advisors. *The importance of details when it comes to planning home office visits. *Why you should understand the in-person culture of a firm before making a decision. *The difference in production and creativity when people are working virtually vs. in-person. Join Frank and Stacey as they explore why a positive company culture is essential for personal success and happiness in the workplace. Through engaging discussions and personal anecdotes, they illustrate the unparalleled benefits of in-person collaboration, highlighting how it fosters creativity, productivity, and a sense of belonging. Their stories demonstrate that while virtual work has its advantages, the synergy and innovative ideas that emerge from a collaborative in-person team are unmatched. Don't miss this insightful episode filled with practical advice and firsthand experiences that underscore the importance of choosing the right firm and work environment.

Show highlights include:*A breakdown of Dan Sullivan's Top 10 habits whichblend both personal growth and professional success.*Why, as a business owner, carving out quiet moments for oneself isn't just a luxury; it's a strategic necessity for clarity, creativity, and decision-making.*Elevating the client experience across all interactions to cement loyalty, foster referrals, and ultimately drive business growth.*An explanation of the Pareto Principle and how it pertains to financial advisors.Diving deep into these foundational elements can empower business owners and financial advisors to not only reach but exceed their goals. Walk away from this episode with insights that you can implement into your own life and business to experience the success you have not only sought but deserve!

Key takeaways from today's episode include: *The critical distinction between managing and leading employees.*How to align employee performance with your company's core values.*Best practices for providing training and development tools to your team.*Why marketing and branding are key to sustained growth.*The role of personal growth in becoming a better leader for your employees. Join Frank and Stacey as they break down practical steps for maintaining a successful firm beyond your initial transition. From fee structures and pricing to strengthening client relationships, this episode covers what it takes to manage and lead a business effectively. Listen now to discover how their leadership and storytelling approach is transforming the financial services industry- and how you can do the same. 

Today's show highlights include:  *Distinguishing between inflated numbers and the genuine value of a practice in order to achieve leverage in negotiations.  *A breakdown of the factors that matter and make an impact on the value of a practice.  *The importance of understanding the value proposition of the buyer, both culturally and economically, to determine if it is a right fit.  *How true value extends beyond monetary figures and not allowing money to be the primary influencer when making a life-changing decision.  *An explanation of how there will never be that one “perfect” deal; and instead, discovering perfect deals that fit into what you are truly trying to accomplish for long-term success.  Today's discussion between Frank, Stacey, and Vince takes a long-term perspective on business valuation, emphasizing the serious endeavor that is buying and/or selling a practice. Understanding the factors that impact valuation in the RIA space is crucial, as is discerning between what price is realistic and what isn't. With careful planning, open conversations, and genuine understanding, both parties involved can maximize the potential success of M&A transactions.

Today's show highlights include: *The benefits of working with a professional consultant, and why it's crucial specifically for financial advisors. *The extensive research involved in identifying the right firms and how professionals streamline this process. *The time constraints advisors face and how consultants help manage research and client care. *Insights on the diverse firms available and finding the perfect match for each advisor. *The value of experience and how consultants bring knowledge from working with similar clients. *The importance of taking emotions out of client decisions to help them succeed. Join Frank and Stacey as they explore the “how” and “why” of partnering with a professional consultant, ensuring you have the knowledge and support to thrive in the financial services industry. Learn how their expertise can simplify your process, allowing you to focus on what you do best while they handle the complexities of the marketplace.

Today's show highlights include:*Why taking private equity money might not be the right decision for you and your firm.*The emotions involved in deciding on a successor who will acquire your business.*How selling your practice to a private equity firm could be a risk to your company's culture and employees.*The benefits of finding a successor internally within your organization.*How growing your business can be more profitable down the line than selling to a private equity firm.Join Frank and Stacey as they unpack the realities of private equity deals, emphasizing the importance of maintaining control over your firm's culture and the well-being of your employees. Through candid discussions and personal insights, they illustrate the potential pitfalls of PE funding, such as the loss of control and the challenges of replicating your unique business model. They also highlight the long-term benefits of internal succession and organic growth, offering practical advice on how to protect and enhance the legacy of your firm. Don't miss this thought-provoking episode that provides a comprehensive look at the critical decisions advisors face when planning for the future.

Today's show highlights include: How predictability can lead to the downfall of your business. The crucial role of modifying your brand, website, logo, and mission statement as your company grows. Practical tips for analyzing every aspect of your business and identifying KPIs for change. Why adaptability is essential for entrepreneurs to succeed. Listen now to hear Frank and Stacey share their insights on reshaping your company's vision, crafting a strong mission statement, and continuously improving your processes. Complacency can be detrimental to your business- learn how to stay ahead of it and ensure your company is always evolving for success.

Today's show highlights include:How complacency creates a cycle that stops your business from advancing.The hidden dangers of working for a “neutral” firm and how it can limit your success.A growing trend of firms driving a wedge between financial advisors and their clients.Why the advisor-client relationship holds more value than the firm-client relationship.Tune in as Frank and Stacey dissect how complacency impacts advisors, their firms, and their clients. They provide meaningful insights on why a firm switch might be the key to sparking your growth and offer practical tips on guiding your clients through this transition. This is a can't-miss episode for financial advisors who feel stuck and are eager to elevate their business to new heights. 

Today's show highlights include:Why forward-thinking is a must-have skill for financial advisors.The unexpected financial insights we can learn from hip hop stars.How leveraging Instagram and TikTok can drive engagement with younger audiences.The nuances of entrepreneurship that are often overlooked.How creative marketing techniques can make finance more approachable for potential clients.Join Frank and Drew as they share the insights and strategies that have led to their successes in an industry that has evolved significantly over the past two decades. They offer valuable advice on forging genuine client connections, utilizing unique social media tactics, and finding the balance between maintaining control and adapting to change. This episode is a must-listen for business leaders and financial advisors aiming to distinguish themselves from the competition and integrate creativity into their practices.

Today's show highlights include:Why recording video content is becoming more accessible for financial advisors.The significance of having various digital touchpoints for client engagement.Addressing why in-person events are a growing trend in financial services.The benefits and pitfalls of using AI for visual versus written content.How prospects meet your online presence before they meet you.While social media can be a powerful tool to acquire new clients, it's essential to use it correctly and effectively. Join Frank and Tina as they dive into the best digital practices and explain how utilizing online platforms cohesively can enhance your overall marketing and image.If you're interested in learning more about how Elite Marketing Concepts can help you build brand recognition and drive better results, you can reach out at tinabeck@elitemarketingconcepts.com or visit elitemarketingconcepts.com.

Today's show highlights include: *The distinction between working on your business versus working in your business and why both are crucial. *How quarterly check-ins can effectively keep your business aligned with its goals and drive continuous improvement. *Strategies for leaders to encourage growth by challenging employees and embracing discomfort as a catalyst for success. *The role of both internal and external mission statements in guiding your organization's direction and culture. *Tips for continuously modifying and fine-tuning successful processes to achieve even greater results. Join Frank and Stacey as they share insightful discussions and personal experiences that underscore the importance of proactive business management and leadership. They provide practical advice on evaluating daily operations, implementing strategic changes, and fostering an environment where employees are motivated to grow and excel. This episode offers valuable takeaways for business leaders and advisors looking to elevate their practice and achieve long-term success through deliberate and thoughtful business strategies.

Today's show highlights include:*Reevaluating the traditional 9 to 5 work week, and how one must begin to acknowledge that their goals will only be achievable if they put in the extra effort that is required.*A discussion on why the adage "actions speak louder than words" holds true in achieving success and making a meaningful impact in the financial services industry.*The massive opportunities and wealth that are available to advisors if they are willing to work for it.*The importance of avoiding complacency and seizing new opportunities.*A breakdown of what more success, and therefore more money could truly mean for your business.Today's conversation between Frank and Stacey dives deep into the mindset required for sustained success in the financial services industry as an advisor. Throughout the episode, Frank and Stacey inspire listeners to adopt a growth-oriented mindset, urging them to reflect on their work ethic and commitment to excellence. Their engaging discussion leaves no doubt that hard work, perseverance, and a proactive approach are essential ingredients for achieving extraordinary results in the financial services world. Listeners can walk away from this Hot Mic episode with the tools required to take their books of business to unprecedented heights.

Today's show highlights include: *The impact of ongoing acquisitions on independent financial advisors' sense of control over their businesses. *Strategies and advice for advisors feeling disempowered by decisions made for their businesses. *Recognition of the enduring value and strengths of smaller independent firms amidst the acquisition trend. *Essential questions advisors must answer objectively before considering a move. *The critical importance of removing emotional influences from decision-making during the transition process. Today's conversation between Frank and Stacey offers a comprehensive exploration of the challenges and opportunities facing independent financial advisors amidst a landscape marked by widespread acquisition activity. Through their insights, listeners gain invaluable strategies for maintaining control over their businesses, navigating the complexities of acquisitions, and making informed decisions to safeguard their independence. With practical advice and actionable takeaways, this episode equips advisors with the tools they need to thrive in an evolving industry landscape, empowering them to secure their autonomy and drive their businesses forward with confidence.

Today's show highlights include:*An overview of common misconceptions of RIAs that advisors have when they want to create one.*What the nationwide trend of more advisors wanting independence means for the RIA space as a whole.*The difference between a state registered RIA and an SEC registered RIA.*What an advisor really means when they say “I want to go RIA”.*The differences between an RIA and a Hybrid RIA.Join Frank and Vince as they demystify the journey to becoming an RIA while exploring the growing demand for advisor independence. Through this episode, you'll gain valuable insights into what it truly means for an advisor to embrace the RIA model and understand the nuances between different RIA structures.

Today's show highlights include:Understanding the narrow differences among top broker-dealers in today's market.Why embracing transition money can be a strategic move when switching firms.The rationale behind the larger transition deals being offered now more than ever.How to balance culture, technology, compliance, and economics when making a move.Frank and Stacey both bring their extensive industry experience to the table, offering valuable insights into the current state of broker-dealer transitions. They discuss the slim disparities among traditional top broker-dealers and why firms are currently offering unprecedented amounts of transition money. This episode highlights the importance of not being bashful about the economic factors in your decision, especially when it can lead to life-changing opportunities.Join Frank and Stacey as they provide a comprehensive overview of the key considerations advisors must weigh when deciding to transition to a new firm. This episode offers a blend of strategic advice and industry insights, making it a must-listen for any advisor thinking about making a move.

Today's show highlights include:*Why taking private equity money might not be the right decision for you and your firm.*The emotions involved in deciding on a successor who will acquire your business.*How selling your practice to a private equity firm could be a risk to your company's culture and employees.*The benefits of finding a successor internally within your organization.*How growing your business can be more profitable down the line than selling to a private equity firm.Join Frank and Stacey as they unpack the realities of private equity deals, emphasizing the importance of maintaining control over your firm's culture and the well-being of your employees. Through candid discussions and personal insights, they illustrate the potential pitfalls of PE funding, such as the loss of control and the challenges of replicating your unique business model. They also highlight the long-term benefits of internal succession and organic growth, offering practical advice on how to protect and enhance the legacy of your firm. Don't miss this thought-provoking episode that provides a comprehensive look at the critical decisions advisors face when planning for the future.

Today's show highlights include: *The justification behind why KPI's are so important when it comes to having a successful practice. *Why there is no one KPI that applies to every practice. Every business should judge their success with different metrics. *What Frank and Stacey mean when they say that KPI's are the “Crystal Ball” for your business. *How KPI's can translate into any business, not just financial advisory practices. Today's conversation between Frank and Stacey breaks down the transformative role of KPI's within business management. Frank and Stacey emphasize that KPI's are not just metrics; they are strategic tools that empower businesses to navigate uncertainty and drive success. By carefully selecting and monitoring KPI's, businesses can gain invaluable insights into performance trends, customer behavior, and operational efficiency. Listeners can walk away from this episode with a profound understanding of how KPI's can revolutionize their approach to business management. By grasping the versatility and significance of KPI's, they are equipped to implement tailored metrics that align with their unique goals and objectives.

Alan Stein Jr. is a powerhouse of information and expertise. He is the best-selling author of the books Raise Your Game and Sustain Your Game and has become a sought-after speaker for his spirited and actionable mindset training. Alan has worked with some of the most recognized top athletic performers in the world, among them Kobe Bryant, Kevin Durant, and Stephen Curry. Now is your chance to learn directly from a master in success training as Alan translates his techniques into strategies meant to directly impact the personal and professional success of financial advisors.Tactics and topics covered by Frank and Alan include:*Overcoming internal forces which impact stress while holding oneself personally accountable for choosing a response to stress that empowers.*Maneuvering your time, expertise, and experience in a way that elevates your personal and professional performance.*Releasing attachment preferences and embracing change to fully show up in life and effectively pivot regardless of external circumstances.*Employing emotional intelligence strategies to inform your daily course of action and the priorities you set for yourself.*Recognizing effort and attitude as controllable factors and applying those skills to preparation as a driver of both confidence and ultimate performance.*Using visualization techniques and future casting to achieve desired outcomes and integrating rest and recalibration to sustain performance long-term.Each of these conversation points is covered in-depth and with personal passion on the part of both Frank and Alan, who translate these mindset skills into tangible lessons that financial advisors can use now to improve their personal, professional, and practice performance. This is a can't miss episode of Advisor Talk and one that should be bookmarked and shared as the insights gained are applicable to everyone at every stage of their career and life.

Today's show highlights include:*The concept of "authority marketing" and its importance in a crowded industry.*How effective marketing can shorten your sales cycle and help prospects find you first.*The benefits of becoming an author for your credibility and professional image.*A 6-week process to simplify book-writing and make it less intimidating.*How your book can serve as a tool, providing valuable insights to both your employees and clients.Through their discussion, Frank and Paul provide a comprehensive guide on how advisors can harness the power of writing and publishing books to establish themselves as thought leaders. This episode equips listeners with a practical blueprint for creating a book that reflects their unique value and voice, ultimately serving as a "salesperson in print." With these strategies, advisors can enhance their authority, attract ideal prospects, and drive their businesses forward with confidence.