Few individuals in the wealth management industry have a name that holds as much significance as Michael Kitces.
Many undoubtedly recognize him from his website, Kitces.com, his industry-leading Financial Advisor Success podcast, research reports, and his extensive media presence. Yet many may not realize that Michael’s advice and narratives come from deep-rooted industry experience.
Michael serves as the Head of Planning Strategy at Buckingham Wealth Partners, an independent RIA managing over $50 billion in assets. Additionally, he is a co-founder of XY Planning Network, AdvicePay, New Planner Recruiting, and several other firms related to the industry.
Through all of this, Michael somehow finds the time to be a gracious guest, willing to share his time and knowledge with the rest of us. This is the fourth time that Michael has joined us on this show, so be sure to check out the other episodes, the links to which you’ll find on this episode’s page.
Today, we tackle a few key business topics that many advisors frequently seek guidance on. That is, growth and productivity—and how the two go hand-in-hand when building a successful wealth management business.
Michael shares actionable advice and insights from his recent Productivity Study with Mindy Diamond, including:
The key drivers of productivity—and how each relates to an advisor or firm’s success.
The sweet spot of growth and efficiency—and how best to strike a balance.
Launching a firm from scratch—and what you need to know to structure it for maximum efficiency and client impact.
The AI revolution—and how he sees it impacting advisors and the wealth management industry.
The role of staff and team members—and what needs to be considered to maximize productivity.
Industry predictions—and which you should pay the most attention to.
Michael always shares a wealth of knowledge with key takeaways for every advisor and business owner, so be sure to tune in.