Top Advisor Podcast

Philanthropists!  That’s where the money is! In this episode, Referral Coach Bill Cates and Barron Damon, a Certified Philanthropic Coach, dive into the world of strategic financial advisor philanthropy and meaningful giving.  Barron and Bill discuss how financial firms can integrate philanthropy into their brand for a quadruple win: Attracting significant assets. Benefiting the community. Engaging employees, and Enhancing the company’s image.  Barron’s insights on the “3 P’s of Philanthropy” and his expertise in creating a strategic plan for their financial advisor philanthropy are truly inspiring. If you want to elevate your brand through purpose-driven giving, this episode is a must-listen. Bill and Barron discuss:  How Barron went from being a victim of a violent crime to becoming a CEO of a nonprofit organization and a philanthropic coach.   How to develop a strategy for financial advisor philanthropy using the three Ps: Philosophy, People, and Process. The role of Donor-Advised Funds in strategic giving. How financial advisors can better serve philanthropically inclined clients. Building employee engagement through community-oriented programs. Working with advisory firms and other businesses to enhance their brand and community engagement through strategic giving. …And more! Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Ep. #13 – Using Philanthropic Leadership to Grow Your Business and Serve Your Community with Jeff Chaddock, CRPC®, APMA® Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Barron Damon: LinkedIn: Barron Damon Website: Barron Damon Articles: Barron J. Damon The BK Damon Foundation barron@businessoflifecc.com  About Barron Damon: Barron Damon is a Certified Nonprofit Consultant and Philanthropic Coach with over 20 years of experience working as an Executive for a National Non-Profit Organization. He holds coaching certifications from the Center for Congregational Health, an Associate Coaching Certification (ACC) from the International Coaching Federation (ICF), a Bachelor of Arts Degree in Industrial Psychology from the University of South Carolina, and a Masters Degree in Business Administration from Webster University. Barron also serves on the Board of Directors for the Chamber of Commerce and for the Morrisville Rotary Club, has co-created an award-winning Giving Circle, and helped many communities around the USA create their own Giving Circles.

If you think work-life balance is hard to achieve, you’re probably right. With that said, THIS advisor has done it. His path to success is amazing! The strategic decisions he made early in his career have allowed him to build a practice and a life that many aspire to. In this episode, Referral Coach Bill Cates interviews Chad Hufford, owner of Veritas Wealth Management and bestselling author of “Forging Financial Freedom,” to discover how he built a successful financial practice that prioritizes both high achievement and personal freedom through work-life balance. Chad reveals the critical early decisions that shaped his business, the importance of having a specific target market, and his unique approach to client responsiveness. Bill and Chad discuss:  How Chad established work-life balance as a priority at the beginning of his career and made some hard choices to fully live out his vision. The importance of a well-defined target market for achieving exponential growth. Chad’s unique perspective on being responsive to clients without being constantly available. (You will probably envy what he’s created here.) The role of podcasting in Chad’s marketing strategy, and his plans for future growth. …And more! Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Forging Financial Freedom by Chad Hufford Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Chad Hufford: LinkedIn: Chad Hufford Veritas Wealth Management About Chad Hufford: Born and raised in Anchorage, Alaska, Chad grew up in the financial industry, learning under his father, Steve. Chad graduated from the University of Alaska, and seeing the great need for holistic financial advice and coaching, he opened his own financial service practice in 2007 in Anchorage, Alaska, and now serves clients and their families across the US. He founded Veritas in 2014 as he continued to expand his team and services. Soon after Veritas opened its doors, Chad began his relationship with Ramsey Solutions as Dave Ramsey’s SmartVestor Pro and is the longest-tenured Ramsey SVP in Alaska. With a strong background in athletics, Chad brings a coaching mindset and the heart of a teacher to financial planning and investing as he strives to both empower and educate his clients on their journeys to financial freedom and independence. Chad and his wife, Tiffany (also a life-long Alaskan), have been blessed with six wonderful children. Tiffany stays busy homeschooling the kids, and the whole family is very involved in their church and local community.

Yohance Harrison has hit the trifecta for success. He’s focused on a clear and profitable target market. He’s getting a ton of right-fit referrals. And he’s identified and nurturing his advocates in a fun way. He’s also become a master at bringing financial education to clients who think they already know it all.  In this episode, Referral Coach Bill Cates interviews Yohance Harrison, Founder and CEO of Money Script Wealth Management, PLLC, about the journey from financial illiteracy to financial empowerment. Yohance shares his methods for educating clients, the importance of targeting a specific market, and his powerful approach to generating referrals by nurturing client relationships.  You’ll learn actionable strategies for increasing client engagement and multiplying referrals by fostering strong connections and delivering compelling value. Bill and Yohance discuss:  Yohance’s transition from a financially troubled upbringing to a thriving financial advisor. Insights into the behavioral finance concepts that shape client decisions, and how to address them. How he shows his highly educated clients that they are financially illiterate. The importance of a defined target market and methods to effectively serve it – including joining their associations. Yohance’s successful “Kings and Queens” referral strategy and how to nurture and celebrate top advocates. …And more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” The Money Script Podcast Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Yohance Harrison: LinkedIn: Yohance Harrison Website: Money Script Wealth Management yohance@moneyscriptwealth.com   About Yohance Harrison: Yohance Harrison is the Founder and CEO of Money Script Wealth Management, PLLC, he began his financial services career 25 years ago in Charlotte, NC. In 2004 he moved to Los Angeles to manage an office of advisors for a Fortune 500 firm. After a decade in corporate America, he departed from his leadership role to pursue his entrepreneurial desire to start his own firm. Yohance is passionate about financial literacy and provides financial education courses for colleges and organizations across the United States. He currently resides in Dallas, TX with his wife Alicia and their two children. Yohance holds a Series 65 & 66 Securities License, is a Chartered Retirement Planning Counselor (CRPC®), and is a Behavioral Financial Advisor (BFA). He also holds multiple board positions for other organizations across the country. Yohance is a contributor & speaker to the American College of Emergency Physicians, CV Roman Society, and is an SAEM Industry Advisory Council Member.

Client events can be a game-changer for financial advisors, offering a unique and personal way to build client relationships and grow your business. Are you leveraging client events to their full potential? In this episode, Referral Coach Bill Cates interviews Angela York and Elyse Stoner from Event Advisors to share real-life examples of how client events for financial advisors can be leveraged successfully to deepen relationships, boost loyalty, and attract new clients.  Bill, Angela, and Elyse discuss:  The importance of setting both clear business goals and event goals to maximize your results. Common reasons why events underperform and how to avoid these pitfalls. The incredible importance of pre-planned and creative follow up to events that will drive even better results. Traditional AND creative event ideas like wine tastings, economic summits, cooking classes, chef’s tables, minor league baseball games, and more. The power of virtual events and hybrid models in expanding reach and maintaining client engagement. Real-life examples and case studies demonstrating the impact of well-planned events. Collaborating with wholesalers and other partners to support client events for financial advisors. …And more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Ep. #5 – Use The 90-Day Dazzle for Client Onboarding and Win Referrals Fast with Bryan Sweet, CLU, ChFC Ep. #11 – How to Grow Your Business Without Prospecting with Randy Carver, CRPC®, CDFA® Ep. #40 – Explosive Growth and Getting Referrals Without Asking with Warren Brooks and Terry Parham Jr.   Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Event Advisors: Website: Event Advisors LinkedIn: Event Advisors hello@event-advisors.net  YouTube: Event Advisors Connect With Angela York and Elyse Stoner: LinkedIn: Angela York LinkedIn: Elyse Stoner   About Angela York: Angela York grew up in Hollywood, CA, surrounded by the TV industry. Inspired by her parents who worked in television, she initially envisioned a career in TV production. However, her journey took a different path. After college, she began her marketing career at an advertising agency in Orange County. Soon after, she transitioned to an in-house role at an advisory firm, leading their marketing department. This experience set the foundation for her career in marketing and event planning. In 2008, after nearly a decade at the advisory firm, Angela founded a consulting business specializing in event planning, marketing implementation, and administrative support. This venture allowed her to collaborate with wealth managers and financial services firms across California and the Pacific West, honing her skills and deepening her understanding of the financial advisory space. The global pandemic in 2020 brought new challenges and opportunities. In 2021, Angela co-founded Event Advisors with her partner Elyse Stoner. Combining 30 years of marketing experience and 20 years in the advisory space, their mission is to help financial advisors host events that strengthen client relationships and create growth opportunities. At Event Advisors, Angela and her team believe in the power of events to enhance client relationships. Well-executed events deepen existing relationships, show appreciation, and convert prospects into clients. They design custom events that foster and sustain client relationships, driving growth and loyalty. Their goal is to remove the stress of event planning, allowing advisors to focus on what they do best.   About Elyse Stoner: Elyse Stoner is the founder of Fresh Perspective Consulting and the Co-Founder of Event Advisors. In both roles, she specializes in maximizing the marketing power of events, project management, and building comprehensive strategic plans based on her Return on the Moment (ROM) paradigm. Her ultimate goal is to ensure that events, whether digital, in-person, or somewhere in between, not only meet but exceed their goals. Together with her clients, she brings a fresh perspective to their strategies. With years of hands-on marketing, event, and brand management experience, Elyse has had the privilege of working on a multitude of exciting projects. From sporting events and concerts to educational programs and business conferences, her work has drawn in millions of people. She thrives on creating strong partnerships with clients, sponsors, vendors, and attendees. Elyse firmly believes that events are integral to achieving strategic marketing goals, and that belief shines through in everything she touches.

Are you looking for the secret to unlocking your client’s financial potential and taking your advisory business to the next level?  Of course you are! In this episode of Top Advisor Podcast, Bill Cates and guest Reese Harper – founder of Dentist Advisors – take a deep dive into the strategic benefits of niche marketing for financial advisors.  Reese shares his personal success story of targeting dentists and how it led to his hugely successful advisory business. Reese Harper’s insights on niche marketing for financial advisors, the geographical expansion of his business, and the benefits of a centralized service model will revolutionize the way you approach serving your clients. Reese and Bill discuss the financial diagnostic tool, “Elements.” This is like an EKG for your clients’ financial lives. Bill and Reese discuss:  Niche Specialization & Mastery: Reese examines the benefits of niche marketing for financial advisors in the dental industry for a targeted advisory approach. Strategic Journey: Strategies and takeaway action steps from Reese’s path to cultivating a flourishing niche advisory practice. Podcast Insights: Reese explains how his podcast has been instrumental in growing his firm. The “Elements” Methodology: A revelation of the Elements methodology and its profound influence on decision-making and client relationships. Standing Out: Practical advice for advisors aiming to distinguish themselves in a competitive market through specialization and added value. … And much more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Podcast: The Dentist Money Show Ep. #62 – The Fastest Way to Win (and Keep) Ideal Clients with Jay Baer, CSP, CPAE Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Reese Harper: LinkedIn: Reese Harper Website: Elements Website: Dentist Advisors reese@getelements.com  Instagram: @reeseharpercfp   About Reese Harper: In 2007, Reese Harper founded Dentist Advisors with the aim of assisting dentists in making intelligent financial decisions and achieving financial independence. Since then, he has consulted with dentists across the country, helping them reach their personal and business financial goals using a scientific, data-driven decision-making methodology and technology he developed called Elements®. Simultaneously, over the past several years, Harper’s team has been working to transform the Elements methodology into a turnkey system that can be utilized by financial advisors to provide a next-generation user experience and increased value for their clients. The Elements Financial Planning System simplifies the process for financial advisors to organize and evaluate their clients’ comprehensive financial data at a glance. This enables them to focus on the functional and emotional jobs that drive results for their clients.

In this insightful discussion, James Pollard, founder of TheAdvisorCoach.com and expert on financial marketing, shares his wisdom on effective email strategies. He debunks the myth that email marketing is obsolete, emphasizing its power in client acquisition. Pollard reveals the importance of personalized emails and compelling subject lines, as well as strategic calls to action. He also highlights common mistakes that advisors make, showcasing how building trust and relationships can lead to greater success. A must-listen for any financial advisor!

When it comes to financial advisor target markets, one proven strategy to create extraordinary success in your business is to be crystal clear and laser focused on your Right-Fit Clients. That’s exactly what our guest has done to build his successful advisory practice.   And one tool he uses to demonstrate his focus, credibility, and wisdom is a book – a book written specifically for his target market. Michael Budnick, International Bestselling Author and Holistic Financial Planner, exemplifies this approach, targeting a specific demographic with tailored services and thought leadership.  In this episode, Michael shares his unique story and lessons learned in building his business. He demonstrates the importance and value of focusing on a specific target market, and the role of his books in attracting new clients. Bill & Michael Discuss: Michael’s transition from corporate work to establishing Budnick Wealth Management, specializing in retirement planning and college tuition advising The creation of his books, including The Prosperous Nurse, and how they serve as tools for credibility and client acquisition. His strategic focus on nurses as a target market due to their caring nature and the practical business opportunities they present. The benefits of having a clear financial advisor target market, such as becoming an opinion leader and creating more effective client communication. The various methods he uses to promote his books and attract new clients, including LinkedIn campaigns, book signings, and leveraging client advocates. …And more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Explore some of Michael Budnick’s books by visiting his website www.MichaelBudnick.com  Ep. #46 – The Why & How to Writing a Book That Attracts Ideal Financial Advisory Clients with Paul G. McManus Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Michael Budnick: Cell Phone: (818) 441-8345 LinkedIn: Michael Budnick michael@michaelbudnick.com    About Michael Budnick: Michael Budnick is a holistic fiduciary investment adviser with Royal Fund Management. Michael has specialized in investment and retirement planning for over 25 years. His mission is to help his clients define how they want to live their retirement, and then help them realize those goals by creating a retirement strategy that is unique to them. Previously, Michael served as Vice President for Great-West Retirement Plan Services, at that time a $41.5 billion institution. Michael managed and supervised all the company’s account executives and administrative staff in his Houston, St. Louis, and Oklahoma City offices. His leadership brought about an expansion of $1.2 billion of new assets under management for the firm. As a result, a new 16th region was created to better serve the expanded client base. These new clients included the Cities of Houston and Austin and the State of Oklahoma. As VP, Michael was responsible for the high-level management of $2.2 billion in assets and 55,000 plan participants. In addition to helping people plan for retirement, Michael also focuses on preparing for the costs of college. As the founder of College Tuition Advisors, Michael works with students and parents to create a strategic plan for paying for college without jeopardizing their future. His goal is to ensure that every family can provide higher education for their children without endangering their finances or future retirement goals. Michael holds life and health insurance licenses in Texas and California and has passed the Series 65 securities exam. He also has been a College Financial Planner for over 10 years and a licensed real estate agent. Michael enjoyed a wide range of exciting hobbies, including hiking, roller and ice skating, snow and water skiing, football, horseback riding, mountain biking, and travel. These adventures are all being put on hold for the next few years, as Michael’s free time has been fully absorbed in learning a completely new set of skills: that of being a parent, with his partner Andrea, of their wonderful baby girl, Sarah Michele, born January 14th, 2019.

Dan Brothers, a seasoned financial advisor with over 14 years of experience, dives into the art of crafting an origin story to foster trust with clients. He discusses how sharing personal narratives can attract the right-fit clients and eliminate the need for cold prospecting. Dan reveals strategies for identifying a niche market, focusing on those nearing retirement and asset accumulators. He also highlights the impact of authenticity and the integral role his wife, Ashley, plays in targeting blue-collar millionaires. It’s a journey of connection and clarity!

What would your business (and life) look like if you started working with ultra-wealthy clients ranging from $40 to $100 million?  Working with ultra-wealthy clients can be more complex than “merely” high-net-worth clients. These individuals have distinct needs, expectations, and concerns that require a specialized approach from financial advisors, planners, and wealth managers.  In this episode of Top Advisor Podcast, featured guest David Kirschenbaum, a Tiger 21 Chair, sheds light on the unique perspectives and requirements of wealthy entrepreneurs. Tiger 21 is an organization whose members have an average net worth of $117 million.  Bill Cates and David Kirschenbaum discuss the fact that these wealthy entrepreneurs are not  solely focused on accumulating wealth but also on preserving their assets.  This focus necessitates a holistic approach to ultra-high net worth wealth management that includes comprehensive financial planning, tax optimization, risk management, estate planning, and philanthropic strategies. Advisors and wealth managers need to go beyond traditional investment strategies and consider the long-term preservation of substantial wealth. In this engaging conversation, you’ll gain insights into: The unique challenges and opportunities faced by wealthy individuals, and the importance of having the right trusted advisors in their corner. How advisors need to demonstrate the ability to collaborate and coordinate with a range of  professionals to provide a cohesive, integrated approach to ultra-high net worth wealth management. The fee-sensitive nature of these wealthy individuals (seeking great transparency and value-based services). What a representative of an RIA said to this group about how to select the right financial advisor. How too many advisors still ignore the spouse and other family members, causing them to lose clients. David Kirshenbaum’s varied and successful business career, including how he has created huge business deals using his vast “relationship capital.” …And more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With David Kirshenbaum: LinkedIn: David Kirshenbaum Website: Meade Co LLC Website: Tiger 21 david@meadeconnect.com    About David Kirshenbaum: David has had a successful career working for a number of entrepreneurial, fast-growing, and diverse businesses across law, real estate, venture capital, private equity, family offices, and operating businesses in senior operations/leadership positions as well as business development and transaction management. Based on these experiences and the growth of a significant network of contacts, long-term relationships, and strategic partners, David decided to launch MeadeCo LLC in 2018. David started his career as a transactional real estate attorney at what is now one of the largest law firms in the world. Following the completion of his MBA, David transitioned to leadership positions in finance, investment management, real estate development, real estate investment and asset management, and private equity. With a strong desire to combine the skill sets that defined him in earlier stages of his career, David was named CEO of a venture capital start-up that was focused on selling products into the world of real estate. While a short-lived experience, David gained valuable insights into the challenges and economics of earlier-stage companies in need of capital. Following his CEO role, David acted as a special situations investment banker working with a variety of companies on matters ranging from restructuring to debt placement for “storied credits” and company sales. Employing entrepreneurial instincts and practical operational knowledge, David was able to complete a series of transactions to assist clients with a variety of needs. While David was pursuing a successful career across a range of industries, he aggressively pursued investments across a broad spectrum of economic activity that broadened his knowledge base and allowed him to leverage hard-fought lessons across three-plus decades of entrepreneurial activity in a variety of endeavors. David’s investment portfolio, together with his role as advisor/mentor and board member to early-stage CEOs has given him a unique perspective on the financial and operational needs of companies that require debt financing or advisory assistance.

Tired of blending into the crowd? Discover the strategies that will help you forge solid client relationships and become a standout financial advisor. In this episode, Referral Coach Bill Cates interviews Tony Maree Torrey, author of Your Million Dollar Accelerator: Six Proven Strategies to Grow a 7-Figure Financial Practice, and Business Coach for Financial Professionals, to explore strategies to help financial advisors grow their practices. Tony shares her six core strategies for attracting, converting, and accelerating client relationships. Bill and Tony emphasize the importance of clarity in targeting the right market, establishing expert authority, and leveraging networks.  Bill and Tony discuss:  The aspiration of financial professionals to achieve a seven-figure practice. The 6 core strategies to help financial professionals build client relationships that are covered in Tony’s book. The challenge of standing out in a crowded marketplace, and the need for financial professionals to be seen as thought leaders and trusted experts. The value of producing a book so as to establish authority and expert status. Examples of clients who benefited from implementing Tony’s strategies. The benefits that come from focusing on a niche market. …And more!   Resources:  RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” “Your Million Dollar Accelerator” by Tony Maree Torrey Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy Connect With Tony Maree Torrey: LinkedIn: Tony Maree Torrey Website: Tony Maree Instagram: @tonymareetorrey   About Tony Maree Torrey: For 20 years, Tony Maree Torrey has been hired by Financial Professionals, Founding CEOs, celebrities, athletes, and other top performers who want to make a difference for themselves, their businesses, and the future.  With the power of traditional coaching and psychology, evidence-based, advanced modalities, and smart business strategies clients learn to win from within, activate their highest impact, and expand personal fulfillment. Clients have generated multiple 7-figures Fast-tracked or turned-around businesses Built real estate empires from scratch Written best-selling books Landed TV and movie roles Launched professional speaking careers… Australian-born, she arrived in the US in 1989 with nothing but a backpack. Tony Maree climbed the corporate ladder to lead global teams and a $25 M product portfolio. A chronic overachiever, she was simultaneously investing in real estate, building an executive coaching practice, and juggling a busy family life.