3 Places Advisors Should Spend All Their Time

July 15, 2024
As an advisor, it is important to focus your own limited time in 3 places – talking with clients, talking with prospects, and talking with centers of influence.

clock on a 100 dollar billThis is where you add most value. Everything else is a distraction to be automated, delegated or outsourced off your plate. That includes all hours you spend on staffing, marketing, dealing with technology, operations and compliance headaches, or on client service that does not require a fiduciary advisor.

Are you able to spend all your time consulting and growing the business?

If not, it may be time to explore changes to your business model. The secret is often to align with strategic partners who offer needed resources or solutions.

Too many advisors still choose to do it all themselves and thereby grow slowly, while other advisors are closing new business, expanding revenue channels, increasing the market value of their business, and having more fun as part of a team.

Better focused work hours also lead to more hours for family and life outside of work. A happy coincidence.