I was privileged enough to be invited to join Michael Kitces on his ‘Financial Advisor Success’ podcast earlier this year. As many of you may know, Michael is best described as a lifelong learner with a deep passion for sharing. With an extensive background in financial planning, he explored what sets traditional bricks and mortar financial practices apart from the virtual advisors of the future.
This ‘Nerds Eye View’ podcast explored my journey from high-volume bricks-and-mortar office-based practice to an entirely virtual one. The core ethos of the virtual advisor involves being 100% committed to embracing the online space. Only here can virtual advisors leverage the power of digital marketing to not only generate leads, but to enhance productivity within your practice.
I expanded on my decision to narrow things down and focus on small business owners, as well as CEO’s. Michael and I went through the challenges financial advisors face in managing and upscaling bricks-and-mortar office setups, and why embracing the virtual advisor model is going to become more important as the world continues to rely more on technology.
If you want to know more about how to embrace the future of the virtual advisor system then I highly recommend checking out Michael’s executive summary of our conversation and the podcast here.