What if building a successful financial planning business didn't mean constantly adding more clients, hiring more people, and working longer hours? This episode explores how advisors can think differently about the size of their practice, the level of service they want to provide, and what a sustainable business can look like when growth isn't the only measure of success.

Nick Ibello is the founder of Ibello Wealth Management, an IAR of LPL Financial's corporate RIA, based in Columbia, Maryland, but operating virtually. The firm oversees $160 million in assets under management for approximately 100 client households. Listen in as Nick explains how he and a paraplanner manage those relationships, why he uses two "surge" meeting seasons each year, and how quieter periods allow him to focus on business development, onboarding, and complex client needs. He also shares how the professional grind early in his career helped him create a more flexible lifestyle later on, allowing him to enjoy the quality of life that made entrepreneurship appealing in the first place.

For show notes and more visit: https://www.kitces.com/514

While some advisors work at multiple firms throughout their careers, others work their way up within a single firm. Today's guest shares how she climbed the ladder from serving as an unpaid intern to CEO of the same, now-$3.4 billion, RIA.

Neela Hummel is the CEO of Abacus Wealth Partners, and she joins the show to share how she found opportunities to support senior advisors relatively early in her career, building her confidence and expertise to take the lead with clients. Listen in as she takes us through her transition into leadership, how she balanced management and business development responsibilities, and how she structures her schedule around the work that has the greatest impact. Neela also explains how she supports her personal and professional goals, the value of expanding equity ownership in a firm, and how curiosity has been a key contributor to her career success.

For show notes and more visit: https://www.kitces.com/513

A discovery meeting can either feel like a sales conversation or the beginning of a relationship where a prospect feels genuinely understood. Today's guest believes the difference comes down to how advisors lead the conversation, listen to what prospects are actually saying, and guide them towards the next step.

Chris Smith is the founder of PSBLTY, a brand strategy, design, and implementation firm working with financial advisors, teams, and firms. In this episode, Chris shares how leadership shapes the discovery process, why advisors should spend most of the initial meeting listening and reflecting a prospect's concerns back to them, and what can create a stronger path to a second meeting. You'll also learn how to structure that second meeting around planning insights and strategy without overwhelming the prospect, the scripts Chris uses to invite prospects to become clients, and how his background in commercial real estate shaped his approach to prospect communication.

For show notes and more visit: https://www.kitces.com/512