With Michael Kitces, Industry Thought Leader and Chief Financial Planning Nerd

Overview

Listen in for an insightful and revealing look into advisors’ minds and what really makes them happy, based on data from the latest Kitces survey. Learn the motivations and drivers that lead not only to success but to a better quality of life.

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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.

So what is it that REALLY makes advisors happy?

A recent survey by industry legend and thought leader Michael Kitces and his team set out to find the answer.

And what they found is quite revealing: It turns out that income and happiness are not equal. That is, greater compensation doesn’t necessarily make an advisor happier.

So, what makes an advisor happier?

Mindy Diamond and Michael dive into the data to answer that question and others, including:

• What do advisors actually value most?
  
• What are the most important factors that influence how advisors feel about their firm and the work that they do?
  
• What ultimately motivates an advisor to consider change?
  
• Why do so many unhappy advisors allow inertia to guide them when they could be seeking something better for themselves and their clients?
  
• And how can advisors use this data and the insights provided to improve their wellbeing and potential for success?
  

Listen in for an insightful and revealing look into the minds of advisors, and the motivations and drivers that lead them not only to success but to a better quality of life. That is, their best business life.

Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002.

Diamond Consultants 2023 Advisor Transition Report

An Update on Advisor Movement in the Wealth Management Industry.

Kitces Report: What Actually Contributes To Advisor Wellbeing

Download a complimentary copy of The Kitces Report (Vol. 2, 2023), “What Actually Contributes To Advisor Wellbeing”.

‘Mostly Happy’ is a Sentiment Many Advisors Share, but is it Enough?

How unhappy should an advisor be to consider change? Nine questions to gauge whether it’s time to start exploring options.

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.

Michael E. Kitces
MSFS, MTAX, CFP®, CLU, ChFC,
RHU, REBC, CASL

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is the Head of Planning Strategy at Buckingham Wealth Partners, an independent RIA with more than $50 billion of assets under management, that provides private wealth management to consumers and turnkey asset management platform services to advisors.

In addition, he is a co-founder of the XY Planning Network, AdvicePay, New Planner Recruiting, fpPathfinder, and FA BeanCounters, the former Practitioner Editor of the Journal of Financial Planning, the host of the Financial Advisor Success podcast, and the publisher of the popular financial planning continuing education blog Nerd’s Eye View through his website www.Kitces.com, all dedicated to advancing knowledge in financial planning.

Beyond his website, Michael is an active writer and editor across the industry and has been featured in publications including Financial Planning, the Journal of Financial Planning, Journal of Retirement Planning, Practical Tax Strategies, and Leimberg Information Services, as well as The Wall Street Journal, BusinessWeek, CNBC PowerLunch, NBC Nightly News, and more. In addition, Michael has co-authored numerous books, including “The Annuity Advisor” with John Olsen (now in 5^th edition), the first balanced and objective book on annuities written for attorneys, accountants, and financial planners, and “Tools & Techniques of Retirement Income Planning” with Steve Leimberg and others.

Michael is one of the 2010 recipients of the Financial Planning Association’s “Heart of Financial Planning” awards for his dedication to advancing the financial planning profession. In addition, he has variously been recognized as financial planning’s “Deep Thinker,” a “Legacy Builder,” an “Influencer,” a “Mover & Shaker,” part of the “Power 20,” and a “Rising Star in Wealth Management” by industry publications. These awards were presented to honor Michael’s active work in the financial planning community, including numerous other boards and committees for the Financial Planning Association, the Investments and Wealth Institute, and the Society of Financial Services Professionals, at both the local and National levels. Michael is also a co-founder of NexGen, a community of the next generation of financial planners that aims to ensure the transference of wisdom, tradition, and integrity, from the pioneers of financial planning to the next generation of the profession.

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