Orion's The Weighing Machine

Mike Van Wyk of Capital Group - Pathways to Business Growth


Listen Later

In today’s episode, Rusty and Robyn talk with Mike Van Wyk, Vice President of Research and Insights for Capital Group.

Mike has studied human behavior throughout his two-decade career to better understand what truly drives consumer behavior and business growth. Whether it be packaged goods or financial services, Mike brings game-changing insights to the table. His research helps others skyrocket the growth of their business or their professional career.

Mike talks with Rusty and Robyn about the difference between a “sage” and “caregiver” advisor and the three success factors of existing high-growth firms.

"Every financial professional has to have a side that's more quant-focused and can talk the numbers, but you also have to be able to connect emotionally with your clients and be there as a support for them. Those who are most successful are those who understand there's an aspect of being a sage that they need to bring to the job daily, and there's an aspect of being a caregiver that needs to be present there as well.” ~ Mike Van Wyk


Main Takeaways 
  • Three success factors of the highest growth firms are the always-on acquisition factor, relationship alpha, and strategic skills. All habits, behaviors, and practices during client engagement should be refined to achieve high performance and increase revenues.
  • Spend more time on high-value business activities. Advisors easily get distracted with small tasks, when they should be spending their time on growth creation.
  • Advisors need help, too. It's best to tap into resources about advisor-client engagement that are backed by robust data.
  • There are two types of advisors: the ‘sages’ who like numbers and the ‘caregivers’ who like helping people. An effective advisor has to find a balance between these two.

  • Links
    • Mike Van Wyk on LinkedIn
    • Capital Group
    • PracticeLab
    • Coca-Cola
    • Walmart
    • Proctor and Gamble
    • Capital System
    • Pathways to Growth: Advisor Benchmarking Study
    • Noise: A Flaw in Human Judgment by Daniel Kahneman
    • What Retirees Want: A Holistic View of Life’s Third Age by Ken Dychtwald
    • Hidden Brain Podcast

    • Connect with our hosts
      • Rusty Vanneman
      • Robyn Murray

      • Subscribe and stay in touch
        • Apple Podcasts
        • Spotify
        • Google Podcasts

        • 2731-OPS-10/25/2021

          ...more
          View all episodesView all episodes
          Download on the App Store

          Orion's The Weighing MachineBy Orion Portfolio Solutions

          • 4.6
          • 4.6
          • 4.6
          • 4.6
          • 4.6

          4.6

          22 ratings


          More shows like Orion's The Weighing Machine

          View all
          Investing Insights by Morningstar

          Investing Insights

          495 Listeners

          Masters in Business by Bloomberg

          Masters in Business

          2,165 Listeners

          We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

          We Study Billionaires - The Investor’s Podcast Network

          3,371 Listeners

          Odd Lots by Bloomberg

          Odd Lots

          1,828 Listeners

          The Meb Faber Show - Better Investing by The Idea Farm

          The Meb Faber Show - Better Investing

          927 Listeners

          Capital Ideas Podcast by Capital Group

          Capital Ideas Podcast

          273 Listeners

          Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

          Capital Allocators – Inside the Institutional Investment Industry

          797 Listeners

          Animal Spirits Podcast by The Compound

          Animal Spirits Podcast

          2,001 Listeners

          Trillions by Bloomberg

          Trillions

          189 Listeners

          The Perfect RIA by Matthew Jarvis, CFP® & Micah Shilanski, CFP®

          The Perfect RIA

          454 Listeners

          The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

          The Rational Reminder Podcast

          442 Listeners

          The Compound and Friends by The Compound

          The Compound and Friends

          2,071 Listeners

          The Long View by Morningstar

          The Long View

          878 Listeners

          Excess Returns by Excess Returns

          Excess Returns

          66 Listeners

          Bloomberg Talks by Bloomberg

          Bloomberg Talks

          18 Listeners