Conquer the New Year

By Jim Perhacs, Managing Director, Chief Operating Officer

Welcome to the precipice of a brand-new year! It’s a time for reflection, celebrating achievements, and, most importantly, setting our sights on the exciting possibilities in 2024.

But let’s be honest, goal setting can feel daunting, especially in a field as dynamic and demanding as financial advisory. So, how do we navigate this process without getting overwhelmed, ensuring we’re focusing on professional and personal growth?

1. Embrace  SMART
Remember the acronym SMART? It’s not just for childhood cartoons. Specific, Measurable, Achievable, Relevant, and Time-bound goals are the foundation for success. Instead of vaguely wishing for “more clients,” define a specific number, set a measurable target for assets under management (AUM), and break it down into achievable milestones.

2. Break Down Your Mountain
Big goals can be intimidating. To tackle them effectively, break them down into smaller, manageable steps. Think of building a mountain. You wouldn’t attempt to scale Everest in one go, would you? You’d map out your route, set up base camps, and gradually ascend. Apply the same principle to your career aspirations.

3. Go Beyond the Numbers
While financial success is important, it’s not the only measure of a fulfilling career. Aim to develop new skills, perhaps by attaining a specialized designation or attending industry conferences. Consider mentoring young advisors or volunteering your expertise, contributing to a cause you believe in.

4. Invest in Yourself
Personal growth is key to sustaining professional success. Allocate time for learning, whether it’s reading industry publications, attending online courses, or joining professional networks. Just like you advise your clients to invest wisely, invest in your own development.

5. Reflect and Reassess
Don’t set goals and then forget about them. Regularly evaluate your progress, celebrate your achievements, and learn from your setbacks. Be flexible and adaptable, adjusting your goals as needed to reflect changing circumstances and industry trends.

6. Find Your Tribe
Surround yourself with other passionate and ambitious financial advisors. Build a network of colleagues who can inspire, support, and challenge you. Join online forums, attend industry events, and connect with fellow advisors in your community.

7. Remember Your “Why”
What truly motivates you as a financial advisor? What impact do you want to make on your clients’ lives? Reconnect with your core values and purpose. This will fuel your passion, help you overcome challenges, and ultimately lead to a more fulfilling career.

8. Celebrate the Journey
Goal setting isn’t just about the destination, it’s about the journey. Enjoy the process of learning, growing, and exceeding your own expectations. Take time to appreciate your accomplishments, no matter how small they may seem.

As we turn the calendar page to a new year, let’s approach our goals with enthusiasm, determination, and a healthy dose of self-compassion. This is the ongoing adventure of soaking up knowledge and stretching those comfort zones.

Back to insights

Learn how PAG can help you achieve your vision in a constantly changing world. Let’s talk!

Grow With Us