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Barron's Advisor

Keith Jacoby: How to Build and Lead a Large Wealth Management Firm

Nov 5, 2024
Keith Jacoby, CEO of Clarity Wealth, shares insights from his three-decade journey in financial services. He discusses transitioning from selling copiers to leading a billion-dollar firm, stressing the importance of a growth mindset and client relationships. Jacoby emphasizes efficiency through team dynamics and unique talent utilization. He also highlights how core values shape organizational culture and guides hiring decisions. Lastly, he offers strategies to navigate challenges and enhance productivity for financial advisors.
48:35

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Quick takeaways

  • Keith Jacoby's journey highlights the importance of resilience and adaptability in overcoming initial barriers to success in financial services.
  • Emphasizing a culture of collaborative learning and shared leadership fosters individual growth among advisors and enhances the client experience.

Deep dives

Path to Financial Services

A significant turning point in Keith Jacoby's career was his unconventional entry into the financial services industry. After receiving multiple rejections, he took a sales job selling copiers door to door, which ultimately equipped him with invaluable skills in sales and persistence. His dedication paid off when the branch manager of Prudential Securities saw his determination and hired him despite his lack of experience. This experience highlights the importance of resilience and adaptability in overcoming initial barriers to success.

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