Podcasts about xypn radio

XYPN Radio is excited to welcome Rob Brown, founder of Truest Fan Coaching, for an inspiring and thought-provoking conversation. Rob is an expert coach for RIA owners, helping them uncover their purpose and build businesses that align with their deepest values and goals. In this episode, Rob dives into his process for guiding advisors to define both their business and life purposes. He shares strategies for overcoming burnout, the risks of operating without a clear purpose, and how to identify and break bad habits. Rob also discusses time audits and why hiring isn't always the solution advisors think it is. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/404

In this episode of XYPN Radio, we sit down with Kristin Harad—coach, former financial advisor, and marketing expert—for an inspiring conversation about personal and professional growth. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/402

XYPN Radio is thrilled to welcome back George Kinder, founder of the Kinder Institute of Life Planning, and Lora Woodward, the Institute's COO, for an inspiring conversation. It's been a few years since they last joined us in 2020, and this time, we're diving into some truly transformative topics: mindfulness, freedom, and how to change our civilization—yes, we're going big and bold today. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/401

What's the real trajectory of an RIA? How early should you start hiring, and is a niche worth it?  Co-Founders Alan Moore and Michael Kitces hit the stage at XYPN LIVE 2024 to discuss insights from the seventh-annual Benchmarking Study on episode 400 of XYPN Radio. Each year, the study gathers information from XYPN member participants to get an accurate picture of how advisors are doing in their firms. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/400

In this episode of XYPN Radio, we welcome Brenna Baucum, founder of Collective Wealth Planning. Just 21 months after launching her firm in Salem, Oregon, Brenna has already reached significant milestones, with 21 clients and $21 million in assets under management. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/399

In this episode of XYPN Radio, we sit down with Jay Zigmont, founder of Childfree Wealth®, and Bri Conn, the firm's Chief Experience Officer, to dive into the unique financial planning needs of childfree individuals. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/398

In this episode of XYPN Radio, I chat with Nathan Donohue, co-founder and partner at Consilio Wealth Advisors, a fee-only firm based in Scottsdale, Arizona. Nathan shares his experience transitioning his team from a broker-dealer to an RIA and what it takes to successfully run a growing advisory firm today. You can find show notes and more information by visiting this link: https://www.xyplanningnetwork.com/396

On this episode of XYPN Radio, we welcome Jason Speciner, founder and CEO of Financial Planning Fort Collins, or FPFoCo, a comprehensive financial planning and tax preparation firm based in Fort Collins, Colorado. Jason, who last appeared on the show in 2019, returns to share exciting updates on his firm's growth, the evolution of his team, and the challenges they've overcome along the way. FPFoCo now serves over 120 clients, and Jason credits their success to the specialized expertise of his team and their commitment to continually improving processes and systems. In this episode, Jason dives into his personal journey of becoming a people leader, fostering an ensemble culture where each team member's unique strengths contribute to creating exceptional financial plans for clients. With a strong abundance mentality and a confident approach, Jason reflects on his entrepreneurial journey, offering valuable insights for anyone looking to build a passionate, process-oriented team while maintaining a fulfilling work-life balance. Don't miss this inspiring conversation with Jason Speciner as he shares his experiences in growing FPFoCo into the thriving firm that it is today. Tune in for an insightful interview that's packed with actionable advice for financial planners and entrepreneurs alike.   What You'll Learn From this Episode: Embracing different iterations and fee structures for your firm as you change and grow as a business while scaling those models to serve more clients Entrepreneurship as a lifestyle and how to find a balance in home and family life Investing in professional development and continuing education for your team Celebrating small accomplishments and wins and tying those milestones into the bonus structure for your team Incorporating tax prep into your service model and the benefits and drawbacks that are involved in doing so Having clear goals at the outset and advice for those starting their firms Trusting that your ensemble team is in place to handle the tasks that are best suited to them while zeroing in on your strengths  

In this episode of XYPN Radio, we welcome back Ashley Foster, CFP®, founder of NXT:GEN Financial Planning. You might remember Ashley from Episode 321 in 2021, where he shared his journey transitioning from the insurance industry to the fee-only financial planning world. Today, Ashley gives us an inside look at the firm he built, which now serves over 50 clients, focusing primarily on young to mid-career veterinarians. Ashley's passion for helping people shines through as he discusses the unique benefits he provides to his clients, from securing higher-paying positions to achieving personal alignment through life planning. His energy is infectious, and listeners will be inspired to think about demonstrating value to their prospects through thoughtful website design, engaging conversations, and a deep understanding of their client's financial situations and careers. Ashley also shares a personal glimpse into his life as a proud pet parent to his beloved cat, Frank. He talks about how building his firm and helping others live their best lives has enabled him and his veterinarian wife to do the same. Don't miss this episode, packed with insights and inspiration for financial professionals and anyone looking to create meaningful impact in their careers and lives.   What You'll Learn From this Episode: Approaching financial planning from a life planning standpoint to help align your clients with their long-term goals. Charging what you are worth at the outset and when to raise your fees. Enjoying your niche and the clients you are working with will keep you inspired and avoid burnout. Focusing on asset accumulation for the client in the early stages can eventually lead to an AUM fee structure and generate more income for you and the client. The advantages of niching down while also considering the necessary steps to continue to attract leads from the smaller pool of potential clients. Building a lifestyle and business you enjoy will inspire your clients to live their desired lifestyle. Owning your own business will allow you to be there for the people and things that matter most to you.  

In this episode of XYPN Radio, we sit down with Jamie Lima, CFP®, CDFA®, MBA, an XYPN Ambassador, and the founder of Woodson Wealth Management and Allegiant Divorce Solutions, two virtual firms. Jamie's journey is a testament to his entrepreneurial spirit, having transitioned from managing 450 households at large wirehouses to founding his firm amid the COVID pandemic of 2020. Jamie shares his unconventional path to gain marketing momentum, including how posting a profile on Thumbtack outperformed multiple marketing agencies. He also delves into his strategic hiring decisions, from bringing on an Operations Manager as a W2 employee to scaling his firm with 1099 advisors. Jamie Lima's insights are invaluable for anyone looking to start a firm. Get ready to take notes as we explore Jamie's innovative approach to wealth management and business growth. Tune in for a wealth of knowledge and practical advice in this insightful interview with Jamie Lima. What You'll Learn From this Episode: Making quarterly calls with clients to keep your clients engaged and on track with their plan Finding and marketing yourself in spaces where other advisors aren't as present to generate leads and new business How being a virtual firm can broaden your potential client base nationally How growing your firm with 1099 advisors provides flexibility and ownership to your advisors Hiring early before your business is overwhelmed to find the best candidate for your firm How hiring employees who don't have previous financial planning experience can be beneficial and trainable Advice on making the transition from a large broker-dealer to launching your RIA  

In today's episode of XYPN Radio we are joined by John Bovard, CFP®, founder and CEO of Incline Wealth Advisors, a thriving wealth management firm based in Cincinnati. John launched his firm in 2020, just before the pandemic, and has impressively grown it to serve over 75 clients with a dedicated two person team supporting him and the firm's continued growth. In this episode, we delve into John's unique "barbell" approach to client management, focusing primarily on his niche work with business owners. John shares his insights on how he successfully guides these clients through the complex financial decisions involved in running their businesses. With the experience of owning and managing not just Incline Wealth Advisors but also another business, John is exceptionally well-equipped to provide valuable advice. He discusses his flat fee pricing model and comprehensive service approach, offering listeners a transparent view of his strategies. Additionally, John shares a selection of book recommendations that have influenced his journey. Whether you're considering starting your own business or looking for ways to improve your financial management firm, this episode is packed with actionable insights. Join us for a compelling conversation with John Bovard that is inspiring and motivating!   What You'll Learn From this Episode: The importance of clear goals and daily consistency How becoming a business owner can provide invaluable experience and knowledge when relating to other business owners as clients The benefits and challenges of using your natural network to build your client base  The proper messaging and approach to use when asking prospective clients for their business How getting to know your clients' CPAs can lead to collaborations that will help meet the goals of your clients Evaluating the long term potential in prospective clients and building upon opportunities that can arise in the future with them How joining a business owner roundtable group can provide insights to better run your business and support your team A list of books recommendations that can serve as foundational reading material for listeners that are considering starting their own firm  

In this special episode of XYPN Radio, we are thrilled to welcome back Linden Cornett, the founder of Seagrass Financial. Linden holds the honor of being the first guest to return three times over our eight-year journey at XYPN Radio. Many recent guests have mentioned Linden as a role model within our community, and for good reason.   Since her last appearance, Linden has made the bold move to dedicate herself fully to her firm, leaving behind a long-standing career at Intel in the wake of the pandemic. In today's discussion, she shares her insights on the evolving needs of her clients, with a particular focus on the increasing importance of tax planning. Linden also delves into how she has meticulously structured her firm to align with her lifestyle, ensuring she meets clients where they are.   As a proud solopreneur, Linden has masterfully built systems and processes that allow her to scale and take well-deserved vacations. She gives us an inside look at how she leverages tools like Asana and introduces her innovative 15-hour intro planning package for new clients. Transparency is key as Linden openly shares her revenue and client numbers and offers invaluable advice for new advisors considering a shift into this space.   We're honored to have Linden back on the show, and we hope you gain as much from her wisdom as we have. Tune in for an inspiring and informative conversation that underscores the power of passion, planning, and perseverance. Enjoy the episode! What You'll Learn From this Episode: Making the transition from full-time employment to becoming a full-time solopreneur How to set expectations with your clients as a solopreneur to maintain autonomy  Guiding clients through tax season and demystifying their taxes as an added value of your solo firm How tailoring your approach to each individual client can lead to stronger relationships in the long run Using multiple service models for clients while still maintaining a fixed fee-only pay structure The benefits of starting clients on an initial limited planning package before moving to an ongoing agreement How handling your own bookkeeping and compliance keeps expenses low in a solo practice

In this episode of XYPN Radio, we are thrilled to welcome back Jack Arnold, CFP®, and David Harpool, AAMS®, founders of AVID Planning in St. Petersburg, Florida. Having first joined us in January 2022 on XYPN Radio Episode 326, Jack and David return to share the significant changes and challenges they've faced while continuing to build and grow their firm.  They discuss the considerations required when moving from a large financial advisory firm to an independent RIA, navigating non-compete clauses, and handling compliance when first striking out on their own. We delve into their unique partnership dynamics, exploring how they manage disagreements and how their friendship and shared passion for their work strengthen their professional relationship.  Listeners will be particularly intrigued by the bold decision to reduce their client base by nearly 50% and how the shift enabled them to provide the deep, meaningful planning they and their clients desire. Join us for an insightful conversation about evolving a financial planning practice with intention and integrity.   What You'll Learn From this Episode: How working independently outside of a large financial advisory firm as an RIA provides career flexibility and autonomy  Reconciling non-compete agreements when transitioning to an RIA from a more prominent firm How clients perceive their relationships with you, their advisor, as a personal connection rather than being loyal to any particular firm Why pairing down your client base as your firm grows and evolves can benefit your changing professional and personal goals How surge meetings can be used to keep clients up to date and streamline your workload during the rest of the year The proper way to approach financial advising as a means of truly helping people Working with a partner in your firm and the best way to handle disagreements and differing visions

In this episode of XYPN Radio, we welcome back Rebecca Conner, CFP®, founder of SeedSafe Financial. Since launching her firm in 2016, Rebecca has navigated the complexities of growing and scaling a successful business while also embracing the joys and challenges of parenthood. Rebecca shares how she has evolved SeedSafe from a lifestyle practice into a firm that now serves over 90 ongoing clients with a team of five. She provides insights into her management philosophy, including how she inspires and empowers her team while also maintaining a manageable work-life balance. We also dive into her strategies for sustaining a 25-30 hour work week, and giving her team the same flexibility. Join us as we discuss Rebecca's approach to building a niche practice, conceptualizing time, and her mindfulness routine that plays a key role in her professional and personal success. This episode is a must-listen for anyone looking to gain actionable insights into juggling a thriving business, a team, and family life. Grab your notepad and prepare to be inspired!    What You'll Learn From this Episode: Managing employees in a firm and providing them with opportunities to grow within the firm How prioritizing sleep and personal health will promote a healthy business When and how to niche your clientele Mindfulness and best practices for planning your work week How to thrive on a 25-30 hour work How to approach interviews with potential employees when expanding your firm How growing your firm can help fuel your passion of helping more people  

On today's episode, we are thrilled to welcome XYPN member, Reese Harper, CFP ®, and Carl Richards, CFP ®, to XYPN Radio. These innovative minds are behind the cutting-edge technology called Elements, XYPN's newest technology partner.  We'll dive deep into the origins of Elements, the technology itself, and the ideas that inspired its creation. Reese shares how his frustrations with the lack of realistic, standardized measurements for a client's financial health led him to define what he calls the client's 11 vital signs—an essential aspect that eventually led to the development of Elements. These vital signs don't just transform the delivery of financial planning services by advisors, but they also redefine the client's experience and the overall value of financial planning. What struck me most during this conversation was the emphasis on the client's' present situation, referred to by Carl as the "presenting problem." Elements, through its standardized set of measurements, defines a new language of advice and guides the client towards making the next right decision with their advisor. It's the ultimate engagement tool to help financial planners connect with their clients in an easy, fast, digestible way and provide visible ongoing value to their clients.  If you're interested in learning more about a beautifully designed conversion tool that will attract, engage and demonstrate ongoing vaule to prospects and clients, this is a can't miss episode!

Today's episode is a special edition of XYPN Radio as we celebrate 10 years at XYPN with co-founders Alan Moore and Michael Kitces who join me on today's episode. We reminisce about the early days of XYPN, how Alan and Michael first met, and the initial emails exchanged about the untapped opportunities that existed for both financial planners and the underserved NextGen market.  We delve into the early growth and strategic decisions they made— including their first hire, which brought me into the mix. Michael and Alan discuss their complementary strengths and how XYPN and their partnership have both grown and evolved over the years. Unchanged at the core of XYPN's success lies an unwavering commitment to identifying challenges and delivering innovative solutions so that financial planners can live their great lives.  Share our vision for the future as we explore the reasons for our pilot program, XYPN Sapphire, a corporate RIA set to empower a wider spectrum of advisors navigating ever-changing goals and dreams.  And join us in celebrating XYPN's remarkable journey from industry disruptor to proven leader and all that lies ahead.  Tune in for this special episode as we celebrate the last—and next—10 years of making it possible for fee-for-service advisors to build the financial planning firm of their dreams.  

I am honored to have Cathy Curtis, CFP ®, founder of Curtis Financial Planning, return to XYPN Radio. It's been almost three years since Cathy last joined me on Episode 313, (linked below) where she delved into her passion for running a solo practice tailored primarily to women who are single, heads of household, and breadwinners. We dive into the technological enhancements Cathy has implemented since her last visit, from embracing Holistiplan to integrating Kwanti into her tech arsenal and other software tools that she uses daily. We touch on the importance of using a TAMP for those entering the industry and how many tools are now available to advisors considering opening their own firm.  One of the most compelling parts of our conversation centers around Cathy's AUM fee model where she describes how simplifying your fee structure is key over the long term. She eloquently discusses setting time boundaries with clients, which both assist your service model and build relationships that can last a lifetime. Cathy's confidence is contagious, and by the end of this episode, you'll feel more equipped to sell your own value.  We are incredibly lucky to have Cathy as part of the XYPN community and to have her return for a second conversation on XYPN Radio to share her sage advice with our members.   

Today I am thrilled to welcome Mike Zung, CFP®, founder of Java Wealth Planning, an RIA based in Kansas City, Missouri to XYPN Radio. Mike's path is a testament to the power of perseverance and strategic planning in the financial advising industry. His background in tech architecture influenced his approach to financial planning and led to his creation of Beautiful Financial Plan—a separate online storefront that offers advisors visually appealing plan templates. Mike shares insights into his journey from launching his firm part-time while still working in software development, to eventually transitioning to a full-time role serving over 30 tech industry clients. He describes the considerations and challenges of balancing home life while changing careers. He emphasizes the importance of networking and how attending XYPN LIVE has shaped his career and created lasting connections in the industry that have sparked new ideas and strategies for his businesses. Mike and I cover marketing strategies, successfully transitioning from project-based to ongoing planning, and how he defines value for his clients. This episode provides valuable wisdom for advisors who change careers and the opportunities that can be leveraged by leaning into their previous expertise and personality strengths. We uncover the challenges and triumphs of Mike Zung's journey, underscoring the role of innovation and community in the ever-evolving landscape of financial advising. I am privileged to count Mike among XYPN's valued members, and we're honored to feature his expertise on today's episode. What You'll Learn From this Episode: ●      Transitioning clients from project-based planning to an ongoing engagement ●      Designing and implementing a tier-based, flat-fee structure ●      How and when to raise fees for your clients while providing great value ●      Niching down your client base to match your ideal clients with your own values ●      The importance of attending in-person networking events and conferences such as XYPN Live ●      Using YouTube to create evergreen content that will continue to attract clients ●      Leveraging your personality strengths and career background to launch your own firm ●      The considerations and challenges of balancing home life while changing careers.

In this episode, Maddy Roche returns as the full-time host of XYPN Radio.  Joining her is XYPN member Jennifer Kang, CFP®, founder of JWK Financial, a thriving RIA based out of New York. Jennifer shares her incredible journey and how she leveraged two decades' worth of experience in a large wirehouse to shape the foundation of her fee-only, flat-fee approach at JWK Financial.  Jennifer gets real about hitting the ground running and the expectations and pace she experienced in her initial months. What sets this interview apart is Jennifer's unwavering confidence in the value she delivers to her clients, a trait that shines through as she fearlessly encourages prospects to interview other advisors. She discusses the art of transitioning clients from an initial engagement fee to an ongoing relationship at an annual flat rate.  Jennifer encourages building a new business at a cadence that allows flexibility, reinvesting time into existing clients, and creating referability. This episode is a goldmine of advice, aligning seamlessly with the principles taught at XYPN. Don't miss out on the insights that make Jennifer's journey and expertise a can't-miss for financial professionals. Listeners, get ready for an informative show! 

This special episode of XYPN Radio will be Alan's last episode before turning the podcast over to Maddy Roche! Alan talks about the transition before diving into a special episode with Patrick King, founder of Prana Wealth Management in Atlanta, Georgia. Patrick's journey began as an engineer designing machinery, but a realization about his financial advisor's priorities sparked his transition into financial planning. After earning his MBA, he gained experience at various large RIAs before deciding to start his own firm. Despite initial challenges, Patrick embraced YouTube to reach his ideal clientele, pivoting from targeting dual-income households to focusing on pre-retirees. Join us as Patrick shares insights into his entrepreneurial journey and the role of YouTube in building his successful fee-only practice.

In this episode of XYPN Radio, we're joined by XYPN member Maggie Klokkenga, the founder of Make A Money MindShift. Maggie's journey is a testament to the transformative power of financial coaching. Starting her career as a CPA, she eventually transitioned to a large firm in St. Louis, where she worked on various teams.   Maggie noticed a disconnect between her passion for helping clients lay their financial foundations and the higher net-worth clients she was serving. In 2021, she took the leap to start her own firm, focusing on providing financial coaching services. Maggie shares insights into her client engagement process, which involves 8 to 10 one-hour-long meetings over several weeks, and the positive outcomes she's witnessed. What you'll learn from this episode Maggie worked in public accounting (CPA) for 15 years Wanting to support clients in a broader way than she had been as a CPA, she decided to join an investment advisory firm as an advisor. Seeing a split in how fees were being charged to clients, Maggie and a group of others set up their own firm. Her family expanded rapidly,  getting married in 2011, then adopting her first and having her second child in 2013. Followed by adopting a third child the following year. This family dynamic pushed Maggie to become a remote worker in 2016 Wanting to provide real financial planning to her clients, she engaged with other financial planning curricula, only to find that she saw threads she could do something about. After working at the advisory firm for 7 years, she started working as a financial coach on the side. After learning that this constituted a conflict of interest, Maggie turned in her resignation and became an XYPN member the next day. Diversifying her revenue by coaching has kept Maggie able to balance her work and family life. As a financial coach, Maggie meets every week with clients to really learn where their money is going and helps  them build better habits by providing awareness to the emotional connections we associate with money. How making changes to her fee structure opened up the floodgates for new clients. Some examples of the incredible outcomes that she has seen through her work with clients. Her experience going to XYPN LIVE this year

Join us on this episode of XYPN Radio as we introduce you to Tim and Alexis Woodward, co-founders of Blend Wealth. These financial planners decided to blend not just their lives but also their financial expertise, serving blended families and business owners. Discover how they've diversified their services, embraced their Christian faith in financial planning, and managed a thriving business while nurturing a harmonious marriage. This is an episode you won't want to miss. You can find show notes and more information by clicking here: https://www.xyplanningnetwork.com/374   

What does it look like to scale your RIA and how long does it take? How big of an impact does it really make to have a niche? When should you start hiring, and who should it be when you do?  Co-Founders Alan Moore and Michael Kitces met onstage this year to review the highlights of the seventh-annual Member Benchmarking Study in this episode of XYPN Radio. Every year, the study gathers information from XYPN member participants to get an accurate picture of how advisors are doing in their firms.  This episode tells the story of how XYPN firms are scaling and what to look out for in your own journey. Whether you're getting ready to launch, are in your first years, or are already established, this is an episode you won't want to miss.   Notes:  (1:04) What the benchmarking study is and how it is conducted. (2:33) Chart 1 - The median annual growth rate of client relationships since 2018. Unlike other figures that largely are talking about AUM, this gives a real snapshot of growth rates of fee for service models. Alan and Michael discuss how fee for service models stand up to economic cycles and interest rates as seen over the last seven years (16:37) Chart 2 - Average annual revenue for those who join with few to no clients.   We want to be realistic when we tell you what to expect as you start your firm and have the data to back it up! Alan and Michael discuss what the data means and how it shapes those pivotal early years. (23:46) Chart 3 - Revenue growth by niche vs no niche.  Broken up by Implementation (0-20 clients), Building (20-75 clients), and Scaling (75 client households and/or 150K revenue) phases. (37:55) Chart 4 - Percentage of Advisors leveraging in-house or outsourced staff and number of clients. For someone looking to hire, this is an important one! (49:15) Chart 5 - Staff productivity by business type. Whether you have a solo, boutique, or enterprise practice, we take a look revenue per advisor as staff gets added to the business.  

If you're interested in hearing about building a unique firm that's more focused on helping people and having an impact versus just being focused on making money due to personal financial circumstances, this episode is for you! This inspiring and really interesting conversation with XYPN member, Frank Austin, CFA, ChFC®, founder of Sustainable Financial Planning, was a little different from many other conversations we've had on XYPN Radio in that he is technically retired after a long career in financial services, mainly on the institutional side.  Frank achieved his FIRE goal of retiring at 50 and starting his own financial planning firm. His goal in starting the firm wasn't to make a lot of money as he was already set up for retirement, but instead to impact the lives of as many clients as possible.  We talked about some of the things he thought he would focus on early in the business, such as ESG investing and how those plans evolved over time as he found the clients he enjoyed working with and learned the challenges of running his own solo practice. He's made a recent pivot to moving into more advice packages and away from ongoing planning, and he shared why he made that move and the clients he hopes to help with that new program.  I hope you enjoy hearing about Frank's journey as much as I did! You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/355

Today we welcome XYPN member Andy Panko, CFP®, RICP®, EA, founder of Tenon Financial, to XYPN Radio. Andy always knew he wanted to be a financial advisor—but the harsh reality of financial planning opportunities (or the lack of them) for a fresh college graduate was discouraging. So, Andy spent the first 19 years of his career working in insurance, banking, and brokerage firms. It was in 2016 that Andy discovered XYPN Radio and realized that his dream of helping others with their finances could be a reality. Andy spent the next three years preparing to launch—and that preparation really paid off. COVID soon followed Teton Financial's 2019 launch. Rather than seeing this as a roadblock, Andy took it as a sign to double down on his marketing efforts, and it paid off handsomely. He got his first client in June 2020 and quickly reached capacity at the beginning of 2022. Andy is truly passionate and candidly talks with us about his growth and how he has worked to intentionally build a high-efficiency solo practice. If you're interested in working with clients to and through retirement and building a great firm in the process, this is the episode for you. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/348

Co-Founders Alan Moore and Michael Kitces review the highlights of the sixth-annual Member Benchmarking Study in this episode of XYPN Radio. Each year, the study gathers information from XYPN member participants to get an accurate picture of how advisors are doing in their firms. This episode tells the data-backed story of an XYPN firm's journey, from the average growth in revenue, client profitability, and client relationships, to the value of community. Alan and Michael pull graphs from the study to paint a clear picture of what's working and not working for member firms. And yes, the survey includes insights from XYPN members who started with the Network from scratch that yields incredibly impactful for those considering starting an independent fee-for-service RIA. If you're interested in learning what really works for fee-for-service advisors, then this is the episode for you. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/347

Our guest on the podcast today is Alan Moore. With Michael Kitces, Alan cofounded XY Planning Network, a support network for advisors looking to serve younger clients. He is also the CEO of AdvicePay, which is a compliant payment processor for financial advisors. Alan has been recognized by InvestmentNews as a top "40 Under 40" in financial planning, by Wealth Management as one of a "The 10 to Watch in 2015," and was the first recipient of the NAPFA Young Professional award in 2015. He is a certified financial planner, and he is also the host of XYPN Radio podcast. BackgroundBioXY Planning NetworkAdvicePayXYPN RadioServing Millennial Clients “Forget About Retirement Planning for Millennials,” by Alan Moore, Money.com, Feb. 10, 2015.“Why Do We Work With Younger Clients?” by Alan Moore, xyplanningnetwork.com, Oct. 16, 2017.“When Subscription Fees Work,” by Christopher Robbins, fa-mag.com, September 2019.“How Advisors Can Attract and Profitably Serve Millennial Clients,” by Alan Moore, xyplanningnetwork.com, Aug. 29, 2019.“9 Keys to Building a Practice Focused on Next-Gen Investors,” schwab.com. “The Boomer-Millennial War in Planning Is Real,” by Eric Rasmussen, fa-mag.com, March 17, 2020.The Future of Advice“How to Create a Business That Supports Your Great Life,” by Alan Moore, linkedin.com, July 13, 2015.“Don’t Be Afraid to Grow Your Firm,” by Alan Moore, xyplanningnetwork.com, Sept. 3, 2018.“Niche Advisors Grow Faster,” by Samuel Steinberger, wealthmanagement.com, Sept. 10, 2019.“Why a Niche Model Helps Advisers,” Morningstar.com, Sept. 23, 2020.“Have You Found Your Niche?” by Greg Dalgetty, investmentexecutive.com, Sept. 16, 2020.“7 Takeaways on the Future of Advice: Morningstar Panel,” by Ginger Szala, thinkadvisor.com, Sept. 17, 2020. “Financial Advisors Are Becoming More Digital, Specialized--and Affordable,” by Evie Liu, barrons.com, Sept. 17, 2020. Fiduciary StandardsFiduciary Oath“What Is a Fiduciary?” by Alan Moore, xyplanningnetwork.com, May 7, 2014.“XYPN Pivots From Supreme Court to States in Fiduciary Fight,” by Patrick Donachie, Oct. 12, 2020.

Sean was a guest on episode 93 of XYPN Radio, the XY Planning Network's podcast, discussing the option of going independent as a hybrid as a step towards an RIA arrangement. Related Links: XYPN Show Notes: http://blog.xyplanningnetwork.com/podcast-blog/ep-93-path-from-commission-hybrid-fee-only-interview-with-sean-kernan XYPN for advisors: http://www.xyplanningnetwork.com/advisor/

Alan Moore is the co-founder of the XY Planning Network, a support network for advisors looking to serve next generation clients. He is also the CEO of AdvicePay, the first and only compliant payment processor for financial advisors, and host of the XYPN Radio […] The post Episode 8 – Alan Moore on Planning for the Next Generations appeared first on Becoming Referable.

Adele Martin may just be one of the most famous guests ever interviewed on the XYPN Radio podcast. She's a recent recipient of the prestigious Independent Financial Advisor Excellence Award based on the innovative strategies she's using to expand her firm's reach while keeping costs low. This Australian planner is disrupting the industry down under with her fee-only firm, Experience Wealth. Adele provides an international perspective on the evolution of fee-only planning. Australian financial planners have transitioned to a business climate that is heavily regulated by the government. She shares a fascinating glimpse into the business environment as we discuss the impact of the new laws on firms and their customers. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/74

Catalina Franco-Cicero joins #XYPN Radio to share one of the most unusual journies any financial planner has taken into the profession. She's currently a partner working to build the Fiscal Fitness Clubs brand, which offers a holistic financial planning service to clients that are often overlooked by traditional money managers. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/71  

This week we continue our discussion with firm owners to help young planners navigate their career paths. Our guest started his own financial planning firm and sold it, all well before his 40s. He is a XY Planning Network co-founder and champion of fee-only RIA practices that serve young people. That’s right, our guest this week is none other than Alan Moore (no relation!) and in this episode he’ll share his story. If you’ve felt like a “square peg in a round hole” or just couldn’t sit still because you wanted to make your mark in our profession – this is an episode you wont want to miss!   “Just because you’re working with clients doesn’t mean that money is flowing in… the one thing you can’t rush is time.”   Also, be sure to check out XYPN Radio for lots of great episodes for young planners!

Today’s guest is at the top of the short list of people we knew we had to talk to when starting XYPN Radio. Mary Beth Storjohann is the founder of Workable Wealth, a financial planning firm based out of San Diego, CA. Mary Beth is a total rock star. She has had a really fast-paced career and she is a business owner who actually just had a baby. On this episode, we go through her incredible journey of starting out as a receptionist in a financial planning firm in college and less than ten years later founding her firm, before she turned 30. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/10