The Elite Financial Advisor Podcast With Sten Morgan

I’m excited to share some insights from my latest podcast episode with Brittany Anderson of Sweet Financial. This episode is packed with valuable lessons and practical strategies that you won’t want to miss. Brittany’s Unconventional Journey:From jewelry sales to finance, Brittany’s path is anything but typical.Discover how an entrepreneurial culture helped her thrive and rise to the top.Embracing the Entrepreneurial Spirit:Learn why fostering creativity and innovation within your firm can drive success.Brittany shares how advisors can add value without starting their own companies.Team Dynamics & Technology:Explore the evolution of team structures and the role of technology in boosting productivity. Brittany highlights how AI and tech advancements can streamline operations and enhance client relationships.Accountability & Motivation:Dive into the challenges of holding team members accountable and motivating them effectively. Brittany’s tips on understanding individual motivations and creating action plans are game-changers.Practical Strategies for Advisors:Forget traditional reviews; informal check-ins foster open dialogue and growth.Ensure everyone knows their role and how they contribute to the firm’s vision.Create a culture where team members feel comfortable sharing ideas and feedback.Empower team members with leadership potential to take on more responsibilities.Stay ahead by adopting new technologies that streamline processes and free up time for client-facing activities.This episode holds insights for anyone in the financial advisory industry. Whether you’re a seasoned professional or just starting out, Brittany’s journey and advice will inspire you to rethink your approach to team management and leadership. Plus, her practical tips are easy to implement and can make a significant impact on your business growth.Connect with Brittany:Brittany’s LinkedInbrittany@brittanyanderson.com—-Ready to attend How To Charge LIVE? Click here to get your seat at our next event on October 28th & 29th. Use code PODCAST at checkout for $300 off your ticket.

In this episode, we discuss the details of our in-person training event, How To Charge LIVE, coming up on October 28th & 29th. The Magic of In-Person TrainingVirtual training has its perks, but nothing beats the depth and focus of in-person events. Stepping away from daily distractions and spending dedicated time to focus can lead to profound growth and transformation.Understanding Your ValueWe’re sharing personal journeys on overcoming mental roadblocks about pricing and value. It’s all about seeing your expertise as valuable and moving away from just selling products. Learn how to build a sustainable business model that allows you to be compensated fairly for your expertise.Building a Network of Idea PartnersYou don’t need to be an expert in everything. Think of yourself as a project manager who curates the best ideas and resources from a network of specialists. This approach not only improves your service but also builds trust with clients, who appreciate comprehensive support.Mastering Effective CommunicationElite Advisors are exceptional communicators. We discuss how to move away from static presentations to more interactive and inspiring discussions. Learn key phrases and communication techniques that can significantly improve client interactions, leading to quicker decision-making and stronger relationships.Transformative ExperiencesHear anecdotes from past attendees who have experienced significant transformations. They leave our events feeling empowered and ready to implement new strategies.Ready to attend How To Charge LIVE? Click here to get your seat at our next event on October 28th & 29th. Use code PODCAST at checkout for $300 off your ticket.

In today’s episode, Andy and I continue our conversation about effectiveness as a leader. We’re diving into the importance of self-awareness, adaptability, and intentionality. We discuss common leadership mistakes, such as defaulting to personal preferences and failing to recognize diverse team motivations. We also highlight the need for mentorship and constructive conflict resolution, and we talk about the balance between caring for team members and maintaining high standards.Through our own experiences, we see the need for leaders to foster a supportive and engaging work environment by understanding and adapting to the unique needs of each team member. Ultimately, this can increase employee retention and growth.Want to attend our next How To Charge LIVE event in October? Click here to purchase your ticket. 

In this podcast episode, we dive into the intricacies of effective leadership. Key Takeaways:Leadership Effectiveness:Results Matter: Good leadership is about achieving results while ensuring team members find fulfillment in their roles.Measuring Leadership:Beyond Profitability: Great leaders maximize their team's potential, not just the bottom line.Feedback Mechanisms: Input from team members is invaluable but should be balanced with actual results.Team Dynamics:Right People, Right Fit: Selecting the right team members and making tough decisions about personnel is key.Self-Reporting Culture: Encourage openness about successes and failures to foster growth.Setting Clear Expectations:Clarity is King: Clear goals and expectations prevent confusion and misalignment.Accuracy Over Speed: Prioritize doing tasks correctly, even if it takes longer initially.Creating a Safe Environment:Open Communication: Cultivate a culture where team members can express themselves without fear.Celebrate Wins: Small gestures of appreciation can significantly boost team morale.Self-Leadership:Self-Care: Personal well-being is foundational to effective leadership.Reflection and Accountability: Regular self-reflection and seeking feedback help avoid negative patterns.Practical Tips:Set Clear Benchmarks: Regularly ask your team about their understanding of success and how they measure it.External Feedback: Consider third-party assessments for honest feedback on your leadership.Personal Insights:Self-Care Practices: Maintaining a healthy diet, regular exercise, and mental clarity are crucial.Positive Mindset: View self-care and personal development as privileges that enhance your leadership.Get your seat to Whiteboard University, go to www.WhiteboardU.com.

In the first episode of our Niche series, Andy Traub talks with Veronica Redfield, a financial advisor who has found success working with federal employees. She shares her journey into this niche market, highlighting the unique challenges and opportunities it presents.Veronica talks about the complexity of federal benefits and the importance of educating employees about their financial options. She emphasizes the value of building trust and relationships within this community, noting that referrals play a significant role in her practice's growth. This episode provides insights into effective strategies for advisors targeting federal employees and the benefits of specializing in a niche market. Whether you're a seasoned advisor or just starting out, there's something here for everyone.Get your seat to Whiteboard University, go to www.WhiteboardU.com.

Get your seat to Whiteboard University, go to www.WhiteboardU.com.In this episode, Sten talks with entrepreneur, author, and speaker, Rob Dube. Through his work, Rob challenges business leaders and entrepreneurs to look inward with mindfulness and meditation by sharing his own mindful leadership journey.This one is packed with insights, stories, and practical advice that you won't want to missThey discuss the intricacies of entrepreneurship, leadership, and personal development. Rob shares his journey of starting, selling, and buying back a business, and the significance of corporate culture and personal growth. He talks through the “Ten Disciplines for Managing and Maximizing Your Energy”, a concept he learned from Gino Wickman, creator of the Entrepreneurial Operating System (EOS). Their conversation highlights the importance of long-term thinking, self-awareness, and making decisions from a place of love rather than fear, ultimately encouraging everyone to embrace their true selves for greater success and fulfillment.Resources:Rob’s Website: https://robdube.com/ Rob Dube LinkedInRob Dube FacebookRob Dube Twitter Leading with Genuine Care YouTubeClick here to purchase tickets to our upcoming Whiteboard University training.

Get your seat to Whiteboard University - http://www.WhiteboardU.comIn this episode, Sten and Andy explore the concept of "necessary endings" based on the book by Henry Cloud, and discuss the challenges of ending relationships that are no longer beneficial. There are three types of necessary endings:good but not best relationshipschanged circumstancesdead relationshipsThey share personal experiences, and talk about the importance of recognizing when to let go for growth and success. Though difficult, embracing necessary endings can be a powerful step towards personal and professional growth.Click here to purchase tickets to our next Whiteboard University training.

In this episode, I sit down with Nancy Hetrick, who is the founder and CEO of Smarter Divorce Solutions LLC, the Divorce Financial Planner Training Center as well as a Financial Planner with Strategic Portfolio Solutions.She has over 25 years of experience in both investment management and financial planning and has specialized in divorce since 2011.As a Certified Divorce Financial Analyst and forensic specialist, she assists divorcing clients by providing the financial expertise necessary to ensure the best possible outcomes.  For financially complex cases, her team ensures all of the puzzle pieces are clearly identified, and all strategies for division are explored.Nancy and I discussed the challenges of managing a growing business and the importance of specialization in the field, particularly in the context of divorce. She shared her expertise on the complexities of divorce financial planning and the necessity of understanding tax implications and asset division.I'm thrilled to share some incredible insights from the episode and I trust you’ll find it valuable as well.Resources:Nancy has become a nationally known trainer for Divorce Financial Planners and offers continuing education and intensive advanced training for CDFA® holders through www.DivorceFinancialTraining.com.She is the author of “Divorce Financial Planning; Building a Successful Niche Business”, Divorce Is Not For Dummies; How To Cover Your Assets and the co-author of The Stress-Free Divorce, Volume 2.

In the next installment of our Leadership Mistakes series, Sten and Andy focus on financial advisors who become bottlenecks in their businesses. Recognizing the Bottleneck PhenomenonAre you the bottleneck? If you can’t spot the bottleneck in your business, it might be you. Andy and Sten use a clever card game metaphor to explain this common issue.Overwhelmed by RolesFinancial advisors are unique as they are both business owners and primary service providers. Many advisors juggle multiple roles—marketer, operations manager, and primary service provider. This multi-tasking can lead to stagnation and a structural challenge that can lead to inefficiencies. Delegation is KeyRealizing that operational tasks detract from client service is the first step towards effective delegation. It’s also important to recognize when to delegate tasks like paperwork or meeting preparation to junior advisors or support staff.Scaling with a Small TeamSten emphasizes that significant revenue growth can be achieved with a small, effective team—typically four to six people.Identifying Your SuperpowersAssess what you excel at and enjoy doing, then hire around those strengths. This allows you to focus on high-value activities that drive business growth.The 10-80-10 PrincipleBe involved in the initial 10% of a project, delegate the next 80% to your team, and review the final 10% for quality control. Start with less critical tasks to build trust and confidence in your team.Fostering a Culture of OwnershipEncourage open communication and constructive debate. Allow team members to challenge ideas and contribute their perspectives. Create an environment where team members feel empowered to make decisions and take risks. Communicate that not every idea is fully formed and encourage feedback and alternative solutions.Moving Beyond BottlenecksIt can be challenging to identify issues when you’re deeply entrenched in day-to-day activities. External perspectives can provide valuable insights. This one’s a must-listen, especially if you’re a financial advisor feeling the weight of your dual roles. By embracing delegation, understanding personal strengths, and fostering a culture of ownership and open communication, you can break free from bottlenecks and create a thriving business.Click here to join our online EAN community for free access to our resources, interaction with hundreds of Elite Advisors, and weekly insights from Sten. 

In this episode, Andy Traub interviews Tim Dyer, a seasoned financial advisor and member of the Elite Advisor Network. Tim shares his journey from his upbringing in New Hampshire to his education at Babson College, and his early career during the dot-com boom and the 2008 financial crisis.They discuss the importance of proactive business development, the challenges within corporate structures, and the critical role of client trust. Tim emphasizes creating personalized paths in financial advising, leading to the establishment of his own firm, Dyer Wealth Management.Click here to join our online EAN community for free access to our resources, interaction with hundreds of Elite Advisors, and weekly insights from Sten.