Financial Advisor Success Ep 131: The (Nearly) $1B Solo Advisor: Scaling Up Client Focus By Outsourcing Everything Else with Dan Goldie
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Jul 2, 2019 Dan Goldie, former president of Dan Goldie Financial Services, thrived as a solo advisor, managing nearly $900 million in assets. He shares his journey of leveraging technology and outsourcing to enhance client service without a full-time staff. Dan discusses the importance of tailored investment strategies and how personal connections with affluent clients drive growth. He highlights the balance between efficiency and customization in financial advising, revealing that an adaptable approach leads to lasting success in a competitive industry.
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Independent Partners Sharing Resources
- Dan Goldie partnered with Dirk Gileard about 10 years ago, running largely independent practices under one roof.
- They share administrative resources but maintain separate client lists and advisory responsibilities.
Custom Models with Outsourced Execution
- Dan creates his own investment models and rebalancing algorithms but outsources implementation to Loring Ward.
- This allows him full control over strategy while leveraging back office scalability through outsourcing.
Outsource to Focus on Clients
- Focus on what matters most: client service and investment quality, not operational distractions.
- Outsource administrative tasks to stay disciplined and spend most time with clients.
