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After successfully replacing her lost passport, my wife finally got to Tokyo, Japan to help her mother out with her mother’s sister’s estate issues. At times, it felt like mission impossible coordinating the trip, booking the hotels, going to the countryside to place the urn, and meeting with another country’s estate planning lawyers. Her mother […]
The Things We Learn After Being Apart For A While Read More »
Have you ever considered firing yourself? It might sound funny, but this may be one of the best things you can do for your business. The sooner you begin the decentralization process, the sooner you can begin working toward your eight-figure exit. But how do you go about firing yourself? What happens to your RIA
How to Fire Yourself: Decentralization for the Eight Figure Exit Read More »
Money Talks News / Money Talks News Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. If you’re an avid investor — or even if you’re not — at one time or another you’ve probably considered
5 Simple Tips To Make Money With Stocks Read More »
Fostering collaboration and teamwork within senior management teams is essential for success in any business. This is especially true in the RIA space where withholding information between departments could be a costly mistake. The silo mentality can hinder communication, slow innovation, and lead to a fragmented company culture. In this entry, I will look at
Breaking Down the Silo Mentality in Your Senior Management: 8 Tips for RIAs Read More »
We all want to make the eight-figure exit at some point in our careers. But have you considered the role your firm’s culture plays in this journey? You see, company culture has the power to make or break any business. There’s this misunderstanding—especially in the financial world—that we can only achieve greater profitability by cutting
Is Your RIA’s Culture Preventing Your Eight-Figure Exit? Read More »
I recently had the honor of being a speaker at the Exit Planning Institute’s (EPI) annual summit. Throughout the event, I got to speak to hundreds of financial advisors. Let me tell you, I love opportunities like this where I can meet face-to-face and have engaging conversations with my readers. But one thing struck me
Predictably Planning Your Eight-Figure Exit Read More »
In today’s high stakes business world, staying ahead of the curve is crucial for success. As a financial advisor-owner, you’re probably always on the look out for ways to improve productivity, increase assets under management (AUM), and boost revenue. That’s where strategically implementing technology in your RIA can be a game-changer. Of course, if you’re
Strategically Implementing Technology in Your RIA Read More »
What do you think of when you hear the term, “ideal client?” Does it conjure images of the billionaire next door who always invites you to join him on exotic hunting trips because he’s so appreciative of the way you’ve handled his accounts? No? Maybe that’s just me. In all seriousness, what does the ideal
7 Reasons Your “Ideal” Client Will Prevent Your 8-Figure Exit Read More »
The RIA space is a highly competitive one. This is exacerbated by the fact that so many people fail to understand what a financial advisor truly is. Therefore, it’s incumbent upon you to take intentional steps to differentiate yourself from the rest of the pack. In this entry, we’re going to explore how you can
How to Use Competitive Research to Stay Ahead in the RIA Industry Read More »
As an independent registered investment advisor (RIA) owner, you likely understand the importance of tracking your business’s financial performance. However, you may be unsure of where to start, what metrics to track, and how to create a system that works for you and your team. In today’s entry, I’ll provide you with insights on how to
As an advisor, you understand that the success of your practice is largely determined by your ability to generate revenue. However, generating revenue is not enough to ensure long-term profitability. You must also manage your time and expenses effectively to increase your net operating income (NOI) and ultimately, your bottom line. In this entry, I’m
Aaron Freeman / Money Talks News In this episode of the Money Talks News podcast, we’re talking about how organizing your money can make you richer and how to get there with the least possible pain. This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a
5 Tips to Get Richer by Organizing Your Finances Read More »
As a financial advisor, you’re well aware of the high stress and long hours that come with running an independent RIA firm. Each of these pain points can make it difficult to grow your business and focus on serving your clients. Chances are, you’re spending a significant amount of time monitoring your firm’s financials while
Why You Need CFO Services in Your Independent RIA Firm Read More »
Are you tired of feeling broke as a financial advisor? Now, when you hear the term, “broke,” your mind probably immediately goes to the financial meaning. However, there are many forms of brokenness that you could experience as the owner of an RIA. From financial brokenness to being psychologically or spiritually broke, I believe this
Are You Tired of Feeling Broke As a Financial Advisor? Read More »
As firm owners in the financial services industry, success requires more than just being knowledgeable. It also requires the ability to build and manage a thriving business. Yet, so many advisors across the industry fail to truly grasp what that means. That’s why I’m using the next few blog entries to speak directly to independent
Independent Financial Advisors: Unlocking Success as Firm Owners Read More »
As a business owner, you’re a rock star. You are a master of your trade, and provide your clients with the best experience they can have. But what about all those other areas of business? Are you the best HR director? Are you a master of developing systems and processes to maximize operational efficiency? Chances
For Your Business’s Sake, Let Your Office Manager Manage YOU! Read More »
After selling my companies in the spring of 2022, Emilly and I have encountered many changes. As a business owner, selling your business is one of the biggest moments of your life. But it’s also a significant change for your spouse. If you’ve never gone through the process, you might think that closing the deal
If you’re a business owner looking to sell your business, you may be wondering, “Should I use a broker to sell my business?” After all, why pay a commission when you can just find a buyer yourself? While it’s true that you could sell your business on your own, there are several good reasons to
Pros and Cons of Using a Broker to Sell a Business Read More »
Given the volatility and unpredictable nature of the stock markets, you might be wondering, “Is now the perfect time to open a new office?” The truth is, opening a new office can be an exciting and daunting task for any business owner, especially those in the dental industry. However, it can also offer a wealth
As an Established Dentist, Should You Open a New Office Location? Read More »
In my last entry, I fielded a question from a reader about buying another dental practice in order to leverage growth. In this entry, I want to expand on that idea. So, we’ve dealt with the acquisition side but now, I want to look at the same question through the lens of a merger. What
Merging a Dental Practice: Pros, Cons, & DSOs Read More »