Partners, Agreements, Decisions and How This Affects the Practice
Nov 2, 2026 · 41 min · 9 segments
News You Can Use (**3:26**) - “Complacency is a Choice for Advisors, and it’s a Bad One”…
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Nov 2, 2026 · 41 min · 9 segments
News You Can Use (**3:26**) - “Complacency is a Choice for Advisors, and it’s a Bad One”…
Peter VelardeHostJohn PooleGuest
The article was in CityWire recently, and it's so important to know who wrote it, et cetera, other than what it's called.
So, John, this whole topic of is it true that we're either growing or we're dying? Is there no place in between where I can say enough? I want to maintain my practice.
trained advisors, led big teams of advisors, and have been consulting in the space for 40 plus years.
But John, in your experience, is there a place where complacency is okay? What are your thoughts about that?
Yeah, I think people confuse a little bit about the difference between a lifestyle practice and that of complacency.
I get the lifestyle practice, which is, okay, I'm going to do X so that I can maintain my lifestyle of Y.
I'm continuing to foster relationships with my clients, garner more capital, increase the assets that I have under management, the work that's necessary to see my business go from this level to the next level to the next level.
Where the disconnect is, I think, is where people say, well, that's being complacent.
It's just saying, I'm going to do things in my practice that allows me and affords me the opportunity to maintain a good lifestyle.
He's going to work hard when he's not playing in golf tournaments, and he's not going to work hard when he's playing in golf tournaments.
He's bringing in money when he's when he's working hard and he's not bringing in money when he's trying to make a four foot putt.
The article was in CityWire recently, and it's so important to know who wrote it, et cetera, other than what it's called.
So, John, this whole topic of is it true that we're either growing or we're dying? Is there no place in between where I can say enough? I want to maintain my practice.
trained advisors, led big teams of advisors, and have been consulting in the space for 40 plus years.
But John, in your experience, is there a place where complacency is okay? What are your thoughts about that?
Yeah, I think people confuse a little bit about the difference between a lifestyle practice and that of complacency.
I get the lifestyle practice, which is, okay, I'm going to do X so that I can maintain my lifestyle of Y.
I'm continuing to foster relationships with my clients, garner more capital, increase the assets that I have under management, the work that's necessary to see my business go from this level to the next level to the next level.
Where the disconnect is, I think, is where people say, well, that's being complacent.
It's just saying, I'm going to do things in my practice that allows me and affords me the opportunity to maintain a good lifestyle.
He's going to work hard when he's not playing in golf tournaments, and he's not going to work hard when he's playing in golf tournaments.
He's bringing in money when he's when he's working hard and he's not bringing in money when he's trying to make a four foot putt.
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