Complexity is Limiting Your Freedom - Advice for Independent Advisors

Having been in this business for over two decades, there's one thing I've discovered among independent advisors: many of them tend to go out of their way to make their businesses unnecessarily complicated. While their hearts are in the right place and they want to do well for their clients, it often does not always go too well. In fact, the increase in complexity only results in higher costs of doing business and a significantly reduced focus on the planning needs of clients. In turn, this stunts their growth potential, reduces profit margins, and leads to a loss of freedom. 

As a financial advisor, the most important service you can offer your clients is a financial plan for every aspect of their lives. To do this successfully, ensuring you cultivate and maintain great client relationships is the single most important factor.

Complexity is our industry’s ultimate evil. In fact, it's a limiting factor to our happiness and to our ability to do well by our clients. It’s no wonder that increased regulation can feel like a burden, why reporting can feel so difficult or, why our clients may not reach their financial goals.

In this video, I talk more about the value you can get from simplifying your business so you can do more for your clients.