Ep 096: The 7 Pillars Of Running An Advisory Firm Like A Real Business with Stephanie Bogan
Financial Advisor Success
Michael Kitces
4.8 • 696 Ratings
🗓️ 30 October 2018
⏱️ 107 minutes
🧾️ Download transcript
Summary
Stephanie Bogan is a successful practice management consultant who teaches advisors how to run an advisory business as a business. After building and selling her first consulting firm, Stephanie has gone on to found a new one called the Limitless Adviser Coaching Program, not because she needed to do so, but as a way to have a greater positive impact on the advisor community.
In this episode, Stephanie shares what she calls the seven pillars of building and running a successful advisory firm, as well as the important mindset shift that really creates business breakthroughs. Listen in to learn the common mental constructs that hold too many advisors back, the key to success and satisfaction with your advisory business, and how to execute your vision to turn it into reality.
For show notes and more visit: https://www.kitces.com/96
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Financial Advisor Success Podcast, where you go behind the scenes with |
| 0:07.1 | financial planner, speaker, and consultant Michael Kitsis to hear stories of how leading financial |
| 0:12.9 | advisors navigated the inevitable challenges that arise on the path to success and get insight |
| 0:18.4 | from leading industry consultants about how to break through to the next |
| 0:22.0 | level in your advisory business. And now here's your host, Michael Kitsis. Welcome, everyone. |
| 0:28.0 | Welcome to the 96th episode of the Financial Advisor Success podcast. My guest on today's podcast is |
| 0:33.8 | Stephanie Bogan. Stephanie is a successful practice management consultant who built and sold |
| 0:38.3 | her first consulting firm, and now has gone on to found a new one called the Limitless Advisor |
| 0:42.8 | Coaching Program. What's unique about Stephanie, though, is that despite the fact that she doesn't |
| 0:47.5 | need to build another practice management coaching business for advisors, she's doing so anyways |
| 0:52.3 | as a means to have a greater positive impact on the |
| 0:54.7 | advisor community. And in the process, teaching other advisors how to build their businesses to |
| 0:59.8 | achieve their ideal outcomes as well. In this episode, we talk in depth about what Stephanie |
| 1:05.8 | calls the seven pillars, or simply the seven peas, of building and running a successful |
| 1:10.6 | advisory firm, starting with the key step's, of building and running a successful advisory firm, |
| 1:11.7 | starting with the key step of planning for what outcome you want to create for your firm, |
| 1:16.1 | then figuring out how to position the firm to reach the right clientele, and then following |
| 1:20.0 | through with the packaging, promotion, process, platforms, and people that are needed to implement |
| 1:25.3 | the vision. Because the irony is that while most financial |
| 1:28.3 | advisors are independent entrepreneurs, very little practice management in the industry actually |
| 1:34.3 | teaches the real methods to build and run a business. However, we also talk about how in the end, |
| 1:41.5 | improving the methods in your advisory business rarely actually creates any real |
... |
Transcript will be available on the free plan in -2342 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Michael Kitces, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Kitces and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.