4 episodes

The co-founders of Emerging Advisor, a practice management & marketing company, Scott Dougan and Sean Lee join host Walter Storholt each week for engaging conversation about how to improve your financial advising practice one step at a time.

Emerging Advisor Podcast emergingadvisor

    • Entrepreneurship

The co-founders of Emerging Advisor, a practice management & marketing company, Scott Dougan and Sean Lee join host Walter Storholt each week for engaging conversation about how to improve your financial advising practice one step at a time.

    Ep 4: Get Results Using the 3 Ms of Marketing

    Ep 4: Get Results Using the 3 Ms of Marketing

    Developing a plan for driving new clients to the business can be a challenging and frustrating process but it doesn’t have to be. Marketing can be separated out into three pieces – the 3 M’s – and when those are all working together, results will follow. Today we’ll explore this strategy and share examples of how Scott applies this to the business. Show notes and additional resources: https://www.emerging-advisor.com/ep-4-get-results-using-the-3-ms-of-marketing/  Today's rundown: 1:21 – Today we’re talking about the three M’s in the results triangle.3:02 – Explaining the three M’s are: message, market and media.4:51 – You need all three of these to be in place simultaneously.5:45 – Scott shares an example of how he’s applying this for upcoming classes. 12:10 – Why podcasts are such a strong medium right now.14:39 – Messaging changes from market to media14:43 – More examples of how all three legs of the stool need to be in place to be effective?17:45 – Which part of the triangle do advisors struggle with the most?19:56 – Scott shares another example of how this works with Social Security.

    • 24 min
    Ep 3: Setting a Profit Target for Your Business

    Ep 3: Setting a Profit Target for Your Business

    Do you have a profit first mentality when it comes to your business? If not, now is the time to start shifting your thinking. Today we’re going to explain why profit needs to be your ultimate measurement of success and how you can utilize a profit target to get to keep your goals on target. Show notes and additional resources: https://www.emerging-advisor.com/ep-3-setting-a-profit-target-for-your-business/  Today's rundown: 2:29 – Scott shares the epiphany he had a few years ago about making sure the business serves you.  4:53 – Profit first should be the priority but many business focus on different goals first.6:24 – We’re talking about this book Profit First by Mike Michalowicz7:01 – How many of us don’t know what our profit margins are until taxes are prepared?7:49 – We’ve created a profit target using a new equation.8:50 – Another scenario that advisors are probably familiar with.11:37 – Was it difficult for Scott to make the shift in mentality to profit first?13:14 – What is the Parkinson’s Law?16:10 – You have to stay true to the process and be very structured to reach your goals.19:07 – What can you do right now to take your first steps towards a profit first business?

    • 22 min
    Ep 2: Putting Together the Ultimate Practice Blueprint

    Ep 2: Putting Together the Ultimate Practice Blueprint

    The key to success for any business is creating a gameplan, implementing the steps, and following through with consistency. That’s no different for advisors and we’ve put together our Ultimate Practice Blueprint that gives you the map to generating and maintaining a successful business. We’ll use this episode to share that blueprint and how we developed it.On this episode: 1:28 – What we’re talking about on today’s program.1:41 – What is the Ultimate Practice Blueprint2:42 – We break down the practice to three basic silos: client attraction, client acquisition, client retention.4:17 – Staying organized and being structured with each of these silos.5:01 – When we’re going to create a campaign, there has to be steps along the way.5:58 – It’s like that Ritz Carlton experience – it’s all similar, high class, and consistent.6:44 – The initial blueprint took about six months. But we think it as the map that we’re all going to follow.8:18 – Everything that we do – small and large – is written out and built into our system.10:51 – If you’re going to do this, you need to think about all of the steps involved from attraction to retention. There’s a massive amount of steps in that process.12:30 – How long should an advisor expect to take to get the point where the process is automated?14:43 – Diving into the client retention silo a little deeper.17:33 – If we aren’t providing a high level of surface, our clients can leave and go elsewhere.18:43 – Consistency separates businesses in the industry.Show notes and additional resources: http://emerging-advisor.com

    • 23 min
    Ep 1: The Genesis Story Behind Emerging Advisors

    Ep 1: The Genesis Story Behind Emerging Advisors

    Before we really get going on this podcast, we wanted to take a little time to share our journey so far and how we got to this point. On this first episode, Scott and Sean will share the story on how they met and formed this business, the mission of the company, and what they hope people will get out of the show.http://www.emerging-advisor.com/0:23 – Let’s introduce you to our hosts. 1:25 – What to expect on this first podcast.3:18 – Let’s get to know Sean and Scott’s story.3:58 – How their relationship began.7:24 – What did you not like about your practice before you met and how did things change in your relationship?9:35 – Building this company around family was important.  11:19 – What do you hope people will get out of the Emerging Advisor podcast?

    • 16 min

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