Focus on the parts of your business you’re most skilled at and enjoy the most.
In this article on ThinkAdvisor, Thrivos founder Penny Phillips shares her thoughts. Read below to learn how advisors can maximize value to clients and run their business the right way.
New advisors should also, from “very early on, stay rooted in your purpose in this business and your value as an advisor,” according to Penny Phillips, president and co-founder of Journey Strategic Wealth in Summit, New Jersey. Some advisors she talks to say they just want to focus on serving their clients and have no desire to make strategic decisions or negotiate deals, she said, adding: “You know what? That’s perfectly OK.”