For many years, I've started each business day by writing down my prioritized list of actions. I then spend a couple minutes searching for a quote that speaks to me that day and I write that quote on the top of my list. When that's done, I print the list and keep it on the top of my desk so it's front and center during the day.
For today's show, I’m going to share with you 10 quotes that made my list recently and describe why they spoke to me and why you may be able to benefit from them, too.
Today’s podcast guest, Alex Tapscott, is the co-author of an important new book called, Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World.
Alex describes blockchain as a vast, global distributed ledger where digital assets can be moved, stored, and managed securely and privately and where trust doesn’t need to be established by a third-party or an intermediary, but rather can be established in collaboration, cryptography and clever code.
Bitcoin, which we’ve all heard about, is the largest and most used blockchain in the world.
Now, why am I talking about blockchain and why should you care as a financial advisor?
One simple reason…blockchain could fundamentally alter the way financial advisors interact with and connect to consumers. And it could cut billions of dollars out of the intermediary cost structure of the financial services industry.
How do you build and manage a fast-growing billion-dollar RIA? What is the role of the CEO in this type of company?
As the financial advice industry continues to evolve at a rapidly increasing pace, the role of the CEO becomes even more critical. Yet, as a business coach, I often see advisory firms struggle with making the shift from being an advisor-led firm to one run by professional management.
Over the past few years, I’ve worked with and had dozens of conversations with leading advisors and CEOs of some of the industry’s fastest-growing and best run companies. While the group is diverse, I discovered seven common threads in terms of how they built and run their businesses.
As an advisor, if you ever hope to make the jump from several hundred million in AUM to a billion or more, either you or a hired CEO have to step in and become—in title and in practice—the CEO.
If it’s you as the advisor, then you’re no longer an advisor. You need to become a professional manager.
Listen to the show to learn the 7 characteristics shared by leading CEOs of RIA firms.
Financial education is hot and it’s a great way to build your business. Investopedia generates more than 20 million monthly unique visitors to its website by offering the public (and financial advisors) educational articles, Q&As, and videos. Ric Edelman built a $16 billion RIA by educating the public through books, seminars, radio and TV shows, podcasts, and newsletters. And I’m using the same concept to build Belay Advisor by educating financial advisors through my podcast, blog, webinars, and speaking.
What are the strategies and tactics behind using financial education as a way to grow your business? How can you piggyback on Investopedia’s trailblazing digital marketing success to build your business?
Today’s guest is Investopedia CEO David Siegel. David is one of the country’s leading digital media executives and has spent 18 years leading organizations through innovative product development, rapid revenue growth and traffic acceleration.