Running an independent advisory firm comes with exciting opportunities – but what happens when you realize that being the CEO isn’t what you love?
In this week’s episode of Advisor Talk, Elite Consulting Partners CEO Frank LaRosa answers a listener’s question about what to do when the business side of running a firm takes you away from what you truly enjoy – working with clients.
Frank breaks down two key strategies to help advisors regain their passion while maintaining a thriving business:
● Rolling up into a larger RIA to offload operational responsibilities while maintaining client relationships.
● Building the right internal team by hiring specialists to handle compliance, HR, finance, and other business functions so you can focus on advising.
He also discusses:
● How to evaluate your daily tasks and identify what to delegate.
● The importance of viewing new hires as investments, not expenses.
● Why focusing on your strengths as an advisor leads to greater profitability and business growth.
● How surrounding yourself with the right people allows you to stay in the CEO role – without the daily headaches.
If you’re an advisor struggling with the balance between business ownership and client service, this episode offers the clarity you need to take action.
Have a question for Frank? Reach out at Frank@EliteConsultingPartners.
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