How Advisors Can Get To $500,000 Per Year And Beyond
Feb 17, 2025
Discover how financial advisors can up their game and break the $500,000 income barrier. Learn the crucial four-step process that transforms earnings from $150,000 to half a million. Explore the surprising strategy of firing clients to accelerate growth and the unique 'broken slot machine' secret known by seven-figure advisors. Dive into tips for enhancing client conversion rates and why a distraction audit might boost productivity. The insights shared could redefine wealth building for advisors and their legacies.
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volunteer_activism ADVICE
Add, Don't Replace
Analyze your current marketing strategies to identify what's working.
Add to successful strategies instead of replacing them to boost conversions.
insights INSIGHT
Time-Independent Marketing
Advisor marketing gets more expensive as advisor time becomes more valuable.
Invest in time-independent assets like websites and email sequences.
volunteer_activism ADVICE
Focus on Outcomes
Shift focus from activities to outcomes as your business grows.
Prioritize results over raw numbers like calls or emails sent.
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Published in 1925, 'The Great Gatsby' is a tragic love story, a mystery, and a social commentary on American life during the Jazz Age. The novel is narrated by Nick Carraway, who moves to Long Island and becomes entangled in the lives of his wealthy and mysterious neighbor, Jay Gatsby, and Gatsby's obsession to win back his first love, Daisy Buchanan. The story delves into themes of honesty, the temptations of wealth, and the struggle to escape the past, ultimately reflecting on the disintegration of the American Dream.
Making low six figures as an advisor, while it may impress your family, isn’t all that impressive. And it doesn’t make you real wealth like other advisors enjoy.
Even making $300,000 per year isn’t enough to create a legacy for your family. But I have good news:
If you’re making between $150,000-$300,000, I know the exact steps you need to take to reach $500,000 per year. And I reveal each of the four steps in detail in this episode.
Best part?
Since this idea started as a LinkedIn post, I also share four bonus tips with you that explain how to take your business from $500,000 to 7 figures.
Listen now.
Show highlights include:
The biggest problem that affects financial advisors who make less than $150,000 per year (and what to do about it) (1:41)
The “add, not replace” method for boosting your conversion rates and doubling or tripling your business (4:13)
How marketing costs increase for financial advisors over time (and the best way to prevent this) (5:50)
Why advisors who haven’t figured out how to convert more clients per hour will never make $500,000 a year (7:07)
The weird way to grow your business faster by firing some clients (11:50)
The 4-step process to go from making $150,000-$300,000 a year to $500,000 a year (13:29)
The “broken slot machine” secret only advisors who make 7 figures a year use or even know about (14:49)
Why doing a distraction audit can triple your productivity by this time next week (20:41)
Since you listen to this podcast, I want to give you a gift:
If you subscribe to the Inner Circle Newsletter, I’ll send you a collection of seven “objection busting” and copyright free emails, personally written by me, that you can use right away to begin getting more clients. Sign up here: https://TheAdvisorCoach.com/Coaching. Then, let me know you subscribed, and I will reply back with a link where you can download them for free.
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