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Recorded at the Market Counsel Summit. Presented by:
Advisorpedia interviewed Riskalyze Co-Founder and CEO Aaron Klein at the MarketCounsel Summit in December, 2021.
"Being a fearless entrepreneur is really about, having the systems and the processes in the business to know that you're taking care of what's most important, which is your clients. And I know financial advisors care so deeply about that. And that's why it can be challenging for them to scale their practices for them to bring in new employees and, and be able to really grow, because they get stressed about how do I keep processes simple?
How do I keep things connected between my clients? How do I ensure that my clients get a consistent experience?
A big part of that can be technology and technology tools and helping people, helping your employees deliver that consistent client experience. A big part of it is simply really good training.
I remember the story of a CFO who said, 'Oh my gosh, what if we pay to train all of these people and they leave?'. And the CEO said, 'What if we don't and they stay?'
So it's just absolutely critical that advisors have the processes, the technology, equip employees with the right tools, and really the just the right ways to communicate with their clients. And that's really probably the best way that they can become the fearless entrepreneurs that they all want to be."
Resources: FP Transitions | Riskalyze
Related: How to Be a Fearless Advisor