Power Your Advice

Episode 213 – Here’s a Solution for Your Organic Growth Problem with Steve Gresham

Listen Later

Steve Gresham is the Managing Principal of NextChapter: an industry community and a tech-enabled solutions company focused on creating better retirement outcomes for everyone. 

In this episode, we’ve invited Steve to share his insights on organic growth, exploring what fuels it, why it’s crucial, and how advisors can harness its power effectively. 

 

Also discussed:

  • Why some advisors are experiencing growth while others are not, prompting an examination of the underlying dynamics.
  • The significance of both willpower and skill in an advisor’s success.
  • The distinction between organic and inorganic growth within the industry and the importance of organic growth as a measure of the business’s health.
  • The impact of aging demographics on advisor practices, noting the challenges posed by an aging client base and the implications for organic growth.
  • The dissatisfaction of private equity firms with industry returns.
  • The industry’s responsibility toward investors’ well-being.
  • Strategies for advisors to achieve organic growth effectively, emphasizing the importance of client retention, understanding evolving client needs, and improving share of wallet by offering new services and consolidating assets.

    •  

    Resources: 

    Next Chapter

     

    Source

    ...more
    View all episodesView all episodes
    Download on the App Store
    Power Your AdviceBy Advisorpedia

    More shows like Power Your Advice

    View all
    Freakonomics Radio by Freakonomics Radio + Stitcher

    Freakonomics Radio

    32,246 Listeners

    Acquired by Ben Gilbert and David Rosenthal

    Acquired

    4,803 Listeners

    Masters in Business by Bloomberg

    Masters in Business

    2,175 Listeners

    Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

    Invest Like the Best with Patrick O'Shaughnessy

    2,342 Listeners

    Financial Advisor Success by Michael Kitces

    Financial Advisor Success

    718 Listeners

    Animal Spirits Podcast by The Compound

    Animal Spirits Podcast

    2,020 Listeners

    The Peter Attia Drive by Peter Attia, MD

    The Peter Attia Drive

    8,043 Listeners

    The Long View by Morningstar

    The Long View

    934 Listeners

    RIA Edge by David Armstrong

    RIA Edge

    11 Listeners