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I just returned from 12 days in Winter Park, Florida, where we hosted our winter mastermind event for all three of my mastermind groups. Today, I’ll share key insights from our discussions across Empire Mastermind, Empire X, and Elite.
In this episode, I dive into the advisor shortage, the growing role of AI, and why firms need to focus on developing in-house talent. I then explore rethinking pricing models to stay profitable and stress the importance of having a solid exit strategy for the future.
I also discussed the following:
- (03:50) The biggest challenge facing the advisory industry
- (10:32) What advisors need to watch out for in lead gen systems
- (16:26) Why AI is not necessarily a threat to the industry
- (18:49) A critical mistake advisors make in their pricing model
- (21:49) The best time to get your act together and prepare for future growth
- (25:45) How should advisors train the future generation for success?
Related: How Top Financial Advisors Are Doubling Their Earnings