As we move closer to a new year and into a new administration, advisors are looking for strategies to increase profitability in their practice. What we want to recommend today might surprise you, but I want to talk about why you might want to raise fees.

You’ve heard me talk about reducing fees for a number of years, but now I’m recommending the complete opposite. I’ll explain why in this episode, but keep in mind that I’m not suggesting you raise fees on your existing clients. Instead, we’ll highlight a few areas of your practice where you can start increasing fees and revenue immediately if you institute these practices right away.

The goal for every advisor should be to more revenue with fewer clients and that’s what we want to get you thinking about in this show.

Here’s some of what we discuss in this episode:

• Why you should never do any type of work for a client without charging.
• Low fees might actually be turning people away.
• Requiring clients to put all of their business with you.
• Different AUM fees setups.

Want to schedule a meeting with Dan? Click here: http://bookachatwithdan.com

Read more and get additional financial resources here: http://renegadeadvisor.net

Today we want to get back into the basics of what we do and revisit some of the core concepts every advisor should be following. We began this show years ago to really dive into each of these principles and share strategies for achieving success in each of these areas.

Whether you’re a new advisor or someone who has been in the business for years, it’s important to refocus on the foundational principles for running a profitable business. Get insights on why your vendor is not your friend, the importance of prioritizing profit over revenue, and the value of working only with ideal clients.

Here’s some of what we discuss in this episode:

• Principle #1: Your vendor is not your friend.
• My financial goals when we started the business.
• Principle #2: Profit trumps revenue.
• Principle #3: Work only with ideal clients.

Schedule a meeting with Dan: http://bookachatwithdan.com

Read more and get additional financial resources here: http://renegadeadvisor.net

What separates the people who are successful from the those who are not? The answer can be found in the power of our brain and subconscious mind, which has always been a fascinating topic to me. So often, success is all about mindset rather than being born with incredible attributes or natural ability, and our guest today has written a lot about that in her Renegade Mindset book.

Nina Cooke joins us today to give us a better understanding of the psychological barriers that can hold financial advisors back and talk about ways to overcome them. In the competitive world of financial planning, success often hinges on more than just market knowledge and analytical skills. By developing a strong mindset, advisors can better support their clients in making sound financial decisions.

Visit renegademindset.net to download a free copy of Renegade Mindset and gain access to the course we created with Nina. Don't wait until the new year to start making changes—take action now and make mindset a daily practice.

Here’s some of what we discuss in this episode:

• The ‘knowing-doing gap’ where people know they need to take action but fail to.
• How our childhood shapes our mindset.
• Understanding and mastering mindset is not only crucial for personal success but also for guiding clients.
• Daily mindset practice is the key to getting what you want
• Separating personal goals from business goals.

Schedule a meeting with Dan: http://bookachatwithdan.com

Read more and get additional financial resources here: http://renegadeadvisor.net