The Top 10 Business Coaches and Mastermind Groups to Help You Grow Your Financial Planning & Wealth Advisory Firm

Sean Lund-Brown

If you’re in the business of financial planning, you are in a very competitive field. Fortunately, you’re also in a very lucrative field. There is a lot that you can do to help your business thrive, including embracing the variety of resources that are available today. You’re already in the business of advice so you, more than most, will appreciate the valuable insight and assistance that comes from adding a business coach to your list of contacts. 

Business coaching is something that several organizations and people can benefit from in several different ways. Some financial advisors are great at what they do, but not so great at the administrative stuff or the fundamentals involved in starting a business. In other cases, they might need help with marketing, engagement strategies, or other areas where a coach or coaching group could come in handy. 

Almost any financial planner or wealth advisory firm can benefit from coaching and business training when it’s obtained through the right sources. No matter how good your business is, it can always get better. However, there’s also the factor of payment here—some business coaches charge a significant fee for their services and there are firms that may not be in a place to make that kind of investment. 

Ultimately, you’ll have to choose what works best for your organization. If you do decide to hire a coach, you’re sure to gain a lot of valuable benefits, from increased productivity and profits to better business strategies, and more. Typically, you’ll hire a coach when:

  • You’re just starting out and need help getting things setup and running
  • You’ve been in business for a while but have hit a plateau
  • You're looking to grow, regardless of the current state of your business, and want assistance

Hiring a coach can help with so many aspects of your business, including finding the motivation to take charge of your success and growth in a totally new way. Coaches will also help by providing:

  • Clarity and Confidence. Coaches will give you a clear perspective on your business and help you build confidence by letting them in. You will tell them things you wouldn’t tell anyone else, allowing them to see your business from the inside out so that they can offer the best coaching advice and support. They essentially become another set of eyes, which is something every business can use. 
  • Objective Advice and Feedback. When giving feedback and advice, you’ll never have to worry that a business coach is sugar-coating it or giving you the “nice version”. They're also not going to agree with you just to keep you happy. They're going to be honest and objective. They will make sure that they tell you what is in the best interest of your firm, no matter how much you like or dislike it, and no matter how difficult it may be. 
  • Accountability. A business coach will hold you accountable for every aspect of your business and the way it is running. They will hold you to your goals and help you learn more about how to build a successful business by accepting your flaws and committing to continuous improvement. If you really want someone to kick your business into gear, a coach could be the ideal solution. 
  • A Sounding Board. A coach can be someone that you come to even when you just want to bounce ideas off someone. They'll help you brainstorm, listen to your ideas, provide feedback, and whatever else you need. They can even just listen and let you work it out yourself if that’s what you want. 

No matter what you’re hoping to get from a coach, you’ll find plenty of perks. Plus, you will give your team the chance to improve their skills, get a better company culture, and more. You can build a brand, develop your audience and base of prospects, and create and implement new business strategies to ensure that you get the development results that you deserve. 


The top 10 business coaches and coaching groups for your financial planning or wealth advisory firm


  1. Suzanne Muusers

Suzanne Muusers is the founder of Prosperity Coaching and has been offering coaching support to financial advisors for more than 17 years. She helps firms build their business by improving their business planning strategies, prospecting methods, and branding efforts. She understands that you need a custom solution and that your firm should stand out from the rest, which is exactly why she starts with building your custom brand. Then, she helps improve lead generation and business development, and offers ongoing training and support, as well. She helps you build a professional firm and learn how to create a business that is constantly growing and bringing in new clients. 


  1. Carson Coaching

Carson Coaching will help you better serve your clients, grow your firm, and develop the best strategies for sustaining and building your financial advisory business. You will be able to identify and overcome the obstacles that are keeping you from success and learn more about how to become successful in the executive business world. The online program offers on-demand video training, forms, worksheets, and online articles and blogs, live webinars, forums, and so much more. Plus, you’ll get one-on-one support from a personal business coach when you upgrade to the bigger package, or you can choose to create a custom solution that’s tailored to your needs. 


  1. Steve Mitten

Steve Mitten is one of the most well-known coaches in the industry and has worked with hundreds of financial clients over the years. He has more than 30 years in business and consulting and is certified as an ICF Master Coach. He has been on several boards over the years and is a published author and known speaker. He donates much of his time to mentoring others with his coaching skills, and he offers a 100% satisfaction guarantee for all of his coaching clients. He says if you don’t get “significant value” from each coaching session, he’ll give you a refund immediately. Of course, based on the testimonials, that doesn’t appear that it will be an issue. 


  1. Clientwise

Clientwise is a training and coaching group designed specifically for financial planners and wealth advisors. They understand the goals of these firms and the importance of creating a sustainable, profitable organization. They can help with all kinds of needs, from productivity and strategy to leadership development, team development, client relations, succession planning and strategies, and so much more. You can get started by just telling them what your goals are, and they will pair you with a coach that will help you get the results that you desire. You will find a community online where you can connect with others during your coaching, too, and all the coaches are certified by the International Coaching Federation (ICF). 


  1. Resilient Advisor

Resilient Advisor offers a host of consulting and coaching services for financial planning and wealth advisory firms. They have a consulting program that is designed to help you define a client contact system, a company brand and story, a systematic program for growth, and empower the leaders in your organization to take things to the next level. They will do a full analysis of the business and then help you come up with a strategy to address the biggest hurdles and make improvements to your client relations, your operations, and your growth efforts and future scaling. The website offers transparent pricing information so that it will be easy to see what you’re getting for the money, too. 


  1. Oechsli

This organization is all about helping you change your behavior to change your financial business. They focus on collaboration and idea strategy to help you think bigger and break out of the ruts to grow in ways you never thought possible. It’s hard to change, and the coaches in this organization understand that. They also understand how to help you get there so that you can see real results from your efforts. They work on things like accountability, routine building, skill development, and expanding your comfort zone so that you can continue to find new opportunities for growth and increased revenues. They offer everything from one-on-one training and group coaching to online programs and on-demand courses at their digital Learning Center to make sure that you get the coaching that you need in the format that you desire. 


  1. CEG Worldwide

CEG Worldwide has helped tons of financial advisors and wealth advisory firms to attract bigger, better clients and grow their operations in several different ways. They focus on building a business out of serving fewer clients that are more valuable and changing the way that you think about your wealth management business. They will help you figure out where you want to go and how to get there and give you the tools to take your advisory business to the next level. They have one-on-one coaching solutions and a variety of other training options that will take care of everything that you need. 


  1. Select Advisors Institute

Select Advisors Institute is one of the top sales training resources that you’ll find online today. They offer brand and messaging support, succession planning, and so much more. They work primarily with financial advisors, accountants, and law firms so you can trust their expertise for your own needs. They offer an introductory call that will allow you to discuss your needs and see what they can do to help and there are plenty of videos on their website to inspire you to seek your own coaching with their organization. Amy Parvaneh founded the organization in 2013 when she left a corporate job to pursue the passion of coaching. There are one-on-one coaching programs as well as other solutions available for organizations and firms of all sizes. 


  1. Jay Abraham

Having helped more than 10,000 clients, Jay Abraham is easily one of the most well-known and successful business coaches available today. He is passionate about helping businesses, including financial companies, to grow their success and build their firms in a way that will take them to the next level faster and help them find the seven-figure lifestyle with ease. He offers a variety of books and online resources and focuses on hacking the system to scale growth and find new opportunities for revenue streams. He’s consulted for all types and sizes of companies, including several multi-million-dollar brands. He is also the founder and CEO of the Abraham Group. 


  1. Ravi Raman

Ravi Raman is an executive business coach who is familiar with coaching because he sought it himself in furthering his career. He worked in the corporate world for several years, climbing the ladder to several high-ranking positions, and now he teaches others how to harness their own potential and take control of their career success. He's helped thousands of SMBs, and entrepreneurs grow their firms and businesses by tapping into their full potential and finding opportunities for growth and success. 


Find your success when you partner with Smith.ai


In addition to hiring a coach, you can improve your business by streamlining some of your most important, yet most redundant, tasks. You are busy enough as it is, and then you have to worry about phone calls, live chats, Facebook and other social media, and so much more day-to-day support and administration—it can be a lot to keep track of and it can take a lot of your time and resources. 

Fortunately, there’s a better option. When you partner with the dedicated virtual receptionists at Smith.ai, you’ll streamline all of your customer communication solutions with our trained agents as the face of your brand 24 hours a day, seven days a week. Plus, we’ll help you come up with the strategy that will take care of it all, no matter what you have in mind. 

To learn more, schedule a consultation to discuss our 24-hour virtual receptionist solutions, including after-hours answering, live chat, intake and scheduling, and so much more. You can also reach us at hello@smith.ai or (650)727-6484. 


Sean Lund-Brown

Sean Lund-Brown is a current Marketing Assistant for Smith.ai. A graduate from Metropolitan State University of Denver, Sean graduated with a BA in Music and an individualized degree in Teaching Vocal Pedagogy.

Try Smith.ai now

Accelerate growth with live receptionists and AI. Get started risk-free for 14 days!

Accelerate growth with live chat agents and AI. Get started risk-free for 14 days!

GEt Started NOWGEt Started NOW

Contact our sales team today at (650) 727-6484 or schedule a call.

sign up for our newsletter

Thank you!
Your submission has been received.
Yikes! Something went wrong while submitting the form.

Categories