In a Nutshell: Shifting from being a financial advisor to being a financial coach could be the next evolution of how financial guidance is delivered and enable independent human advisors to remain profitable and relevant.
Guest: Todd Tresidder. Todd is a former hedge fund manager who transitioned into a successful financial coaching career. Recently, he has adapted his coaching into a series of premium online courses on wealth building at Financial Mentor.
My Key Takeaway: In order to keep adding to your value proposition:
- Spend more time empowering clients and less on enabling them.
- Help your clients find the path to the next step, help them always be taking that next step, and help them avoid the missteps that are in their path.
- Consider getting formal training in how to coach people, from organizations like Coaches Training Institute.
Also Learn:
1. How the act of gaining financial freedom doubles as a path to personal growth.
2. How a financial coach's services differ from a traditional financial advisor's.
3. What separates most people from setting their wealth goals and actually achieving them.