The Diamond Podcast for Financial Advisors

With Stephanie Bogan – Founder, Limitless Advisor Overview Stephanie Bogan, founder of Limitless Advisor, offers a glimpse into the advice and perspective she shares with advisors and business leaders in the wealth management world, focusing on mindset and methods, and their relationship to achieving one’s best business life. Listen in… > Download a transcript of this episode… NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. Watch… About this episode… In the wealth management world, growth is typically measured in hard numbers, such as assets, revenue, and headcount. Yet, the most successful advisors are those who define growth more holistically, designing their businesses around the lives they want to live, rather than the other way around. Yet there’s a certain reality that many advisors are experiencing, such as burnout, blurred boundaries, and growth that doesn’t always feel fulfilling—and the struggle between building a business and living a balanced life has become much more common. Stephanie Bogan, the founder of Limitless Advisor and one of the most respected voices in advisor coaching, joins the show to address all that and more. At 24, Stephanie built a consulting firm and sold it a dozen years later for seven figures. She joined the firm’s executive leadership team, playing a pivotal role in scaling their offerings to thousands of advisors. Then she left for the SVP role of Training and Client Experience at United Capital. And if all that wasn’t enough, Stephanie made one of the most dramatic life shifts of all: She moved to Costa Rica to design the lifestyle she once only coached others to pursue. Today, Stephanie works with advisors across the industry—helping them grow with greater freedom, clarity, intention, and purpose. She founded her successful practice on the belief that the key to greater success and happiness lies in mastering mindset and methods. (And Stephanie’s impact in the wealth management world extends to clients like Michael Kitces and Louis Diamond!) In this episode with Louis, Stephanie breaks down her philosophies, offering anecdotal evidence around each, including: The power of mindset—and how making one shift can transform how you work, lead, and live. Reframing negativity—and how certain strategies can help you transform adversity into positive paths. Avoiding burnout—and how to build a business that scales smartly without sacrificing your sanity. Plus, Stephanie reflects on her own journey, including the personal pivots that provided her with a clearer path forward—and how those lessons now shape her work with advisors. Whether you’re considering a new path or looking at ways to refine your current trajectory, this conversation offers a powerful reminder that growth isn’t just about doing more—it’s about being more intentional with what you build. Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002. Related Resources Leveraging the Power of Mindset to Enhance Your Wealth Management Business Without the right mindset, it’s impossible to determine if where and how you practice is indeed best for you, your business, and your clients. Self-Assessment for Advisors Our 7-Step Guided Process helps advisors navigate uncertainty with confidence. At its core is our trademarked Self-Assessment—a powerful tool to define your goals and start smart due diligence. Download a preview and take the first step toward your best business life. The Best of the Best: 10 Ways Top Advisors Are Growing Their Businesses— A Special Industry Update A “Top 10” list of firm-level innovations and grassroots methodologies from some of the most successful advisors, teams, and firm in the business. Listen in to spark ideas designed to drive greater growth. Stephanie Bogan Founder Stephanie Bogan is a recognized leader in the financial services industry with over 25 years of experience consulting and coaching top firms, thought leaders, and C-suite executives. At just 24, she founded her first consulting firm, which she sold 12 years later in a 7-figure deal to a Fortune 200 company. Joining their Executive Team, Stephanie played a pivotal role in integrating and scaling offerings across thousands of advisors. Later, as SVP of Training and Client Experience at United Capital, she spearheaded the development of the national practice model, training center, and client experience, which were adopted by thousands of advisors and ultimately acquired by Goldman Sachs. In 2014, despite her financial success, Stephanie retired to Costa Rica to explore a more fulfilling path. Her search led to profound insights about the science of behavior and mindset, shaping her belief that the key to greater success and happiness lies in mastering mindset plus methods. As the founder of Limitless, Stephanie now empowers financial advisors and founders to create bigger, better futures on their terms. She is the author of The Power of Practice Management (Bloomberg Press), a regular contributor to leading publications such as Investment News, Financial Advisor, Kitces.com, and Advisor Perspectives, and a sought-after speaker in the industry. Also available on your favorite podcast app and other media sites

Joel Guth, Founder and CEO of Gryphon Financial Partners, shares his journey from a wirehouse advisor to leading a $3B independent firm. He discusses how his transition opened opportunities for tailored client solutions and a more autonomous business model. Listeners will learn about the significance of building trust, the importance of prioritizing long-term value over immediate gains, and the transformative role of technology in enhancing advisory services. Guth emphasizes evolving from advisor to leader, essential for scaling a successful financial enterprise.

Tony Parr, Founding Partner of The Parr McKnight Wealth Management Group, shares the dynamic journey of creating a billion-dollar advisory firm. He discusses leveraging Wells Fargo’s ecosystem for a seamless transition to independence. Highlights include strategic decision-making for financial partnerships, the importance of client relationships, and fostering a multi-generational team. Parr emphasizes balancing growth and purpose, detailing his approach to succession planning and community contributions in the advisory space.

Dive into innovative strategies that leading financial advisors use to turbocharge their growth. Discover creative team structures that promote efficiency and unique marketing ideas tailored to today's digital landscape. Explore the advantages of hiring experienced advisors without a book of business and learn how strategic partnerships with CPAs can enhance referrals. From succession planning to navigating recruitment challenges, this collection of top tactics is sure to inspire fresh ideas for any advisory firm.

Doug Fritz, Co-founder and Executive Chairman of F2 Strategy, shares his wealth of experience as a former CTO in top financial firms. He dives into how technology, particularly AI, can revolutionize client engagement and operational workflows in advisory businesses. Doug discusses the journey from his early career in Moscow to leading innovations in wealth management. He emphasizes the importance of strategic tech choices and offers insights on how firms can future-proof themselves while addressing the challenges of adopting new technologies.

Ted Jenkin, Co-Founder of JPTD Partners and an M&A expert, shares insights on maximizing value for financial advisors. He discusses key valuation metrics, common pitfalls in the M&A process, and the importance of strategic planning for business sales. Ted emphasizes the role of organic growth in increasing firm value and the impact of private equity valuations. He also touches on how AI is changing the advisory landscape, urging advisors to focus on networking and client service while reevaluating their career paths.

Brett Oley and Ryan Kinser, co-founders of Oley Kinser Concierge Wealth, share a riveting tale of their leap from UBS to independence, skyrocketing their business from $125 million to $700 million in assets. They discuss the power of partnership and client-first service, along with the challenges and rewarding experiences of transitioning to independent practice. Their unique insights on strategic planning, successful acquisitions, and innovative marketing strategies highlight how a clear vision and strong relationships fuel continued growth.

Louis Diamond, a seasoned expert in the financial advisory landscape, offers invaluable insights for advisors feeling the pressure of corporate shifts. He discusses the often-overlooked power dynamics between advisors and their firms, especially during periods of change. Proactive strategies for retaining autonomy and adapting to unexpected compensation adjustments are highlighted. Louis emphasizes the importance of having a 'Plan B' and self-evaluation to navigate vulnerabilities, helping advisors rethink control in an evolving industry.

John Thiel, Founder and Executive Chairperson of Indivisible Partners, brings nearly three decades of wealth management experience from Merrill Lynch. He discusses the evolving role of financial advisors and the necessity of innovative fintech solutions. John highlights his firm's independent model, allowing advisors to own their businesses while enhancing client satisfaction. He also addresses the importance of thoughtful transitions in retirement programs and the growing trend of advisors moving toward independence. The future of financial advising looks bright with collaboration and integrity driving change.

Join Dave Mullen, a seasoned financial advisor coach and author of three bestselling books, as he shares transformative strategies for achieving multi-million-dollar success. He discusses his journey from Merrill Lynch to founding Altius Learning, emphasizing tailored training programs and the importance of empathy in client relationships. Dave dives into building effective advisory teams, adapting to industry changes, and the paths available for financial advisors, whether in employment or independence, with insights on maintaining trust and utilizing technology for growth.