Financial advisors juggle many roles, but more than anything, they’re seeking balance in their businesses. At LPL’s Advisor Summit, over half of top advisors defined success not by earnings or impact, but by achieving that elusive balance. 

Creating a detailed and regularly updated business plan—including a succession strategy—can help streamline operations and uncover growth opportunities. Advisors can also build a more balanced and sustainable business by cultivating a strong internal culture and investing in their team’s development. 

Periodically “right-sizing” the client book ensures time and energy are focused on clients who align with the advisor’s vision and service model. 

Finsum: Taken together, these steps free up resources to focus on what matters most: delivering exceptional service to clients.