From Product-Driven to Client-Driven: An Independent Advisor’s 3x Revenue Growth Story скачать в хорошем качестве

From Product-Driven to Client-Driven: An Independent Advisor’s 3x Revenue Growth Story

A conversation with Matt Blocki, Founder and CEO, Equilibrium Wealth Advisors Matt Blocki left the insurance broker dealer world to build independent firm Equilibrium Wealth, allowing him to step away from being “product-driven” and focus instead on being “client-driven.” Hear how he tripled his revenue as a result. Listen in… Download a transcript of this episode… NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. About this episode… It’s amazing how many of the industry’s top advisors got their start building a book of business from scratch with one of the major insurance-based brokerages. Similar to wirehouse training programs, there may be no better place to learn the ropes of the profession—including critical sales and technical skills. But in many cases, those who have their sights on the longer term and building a business with a lasting legacy and maximum enterprise value, often find themselves limited in the environment—especially those who morph their business beyond life insurance to a focus on investments and comprehensive wealth management. That was the case for Matt Blocki , who started at Northwestern Mutual more than a dozen years ago and built the practice to $120mm of assets under management. After getting educated on the industry landscape, he realized he could build the business beyond where it was and have greater freedom to market and introduce new services to his clients. That is, to step away from being “product-driven” and focus instead on being “client-driven.” And in Matt’s mind, the only way to do that was to go fully independent—without a service provider, but rather build an RIA firm himself. And so he did—and amid a pandemic to boot. In June of 2020, he launched RIA Equilibrium Wealth with Fidelity as custodian—a move that resulted in tripling his revenue to $3mm and more than doubling his assets under management. In this episode, Matt shares his story with Mindy Diamond, including: • Opting to build an RIA from scratch—and why that path was chosen over supported independence and other models. • The key things he could do outside of the insurance broker dealer model—and how each helped to foster Equilibrium’s growth. • The “head trash” that held Matt back—and how he was able to move beyond it. • The “product-driven” environment of the broker dealer—and why he felt it was incongruent with his goal to be client-driven. Listen in as Matt shares a relatable journey for any advisor considering their business life—whether to make the leap to independence or to bolster growth for their business. Related Resources What Really Makes Financial Advisors Happy? In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria. Read- The Path to Independence: 6 Key Elements to Consider Before Starting Your Journey With so many options to choose from, how does an advisor decide which path to independence to take? Read- From Blinders to Binoculars: Why the Shift to a Longer-Term “Business Owner” Mentality is Driving Movement There was a time when many advisors would never have considered a move. Why would they? In the short term, there was nothing to solve for. But now they’re thinking differently. Read-   What’s in it for Clients? 7 Ways They Can Benefit from an Advisor’s Transition Many advisors cite “improving client service” as the catalyst for a move—but knowing what the real impact will be is critical. Read- Wealth Management Landscape At A Glance: Focus on Independence UPDATED FOR 2023– In a greatly evolved industry landscape, the independent space has expanded to offer a variety of models with varying levels of freedom and flexibility. Which one might be right for you? Our newly updated “Landscape at a Glance” focuses on independence, providing the key features of each model. Download- Matthew Blocki Founder and CEO Matt Blocki is the founder and CEO of Equilibrium Wealth Advisors, a SEC Registered Investment Advisor. He and his team provide comprehensive financial planning, wealth management, retirement planning, asset protection, and guidance to all complex financial decisions to clients nationwide. EWA’s top priority is helping clients balance competing goals and ensuring their only non-renewable resource is protected: time. In addition to his work at EWA, Matt is a co-founder of Wealth Advisor Training, LLC – a company founded in 2022 dedicated to building a community and resources for top advisors around the country to provide their clients with proactive advice and systems to scale their business. Also available on your favorite podcast app and other media sites                                             Browse