The Future of Financial Advising: Alan Moore on XYPN's Growth, Fee-For-Service Models, and More

In this episode of the Modern Financial Advisor Podcast, host Mike Langford sits down with Alan Moore, CEO of XY Planning Network (XYPN) and AdvicePay, for an insightful discussion at the XYPN Live conference in Austin, Texas.

They explore topics such as the challenges of organic growth in the financial advising industry, the rise of fee-for-service models, and the different phases of building a successful advisory business. Alan shares his journey from starting his own firm to managing two large companies, emphasizing the importance of finding the right business model and staying transparent with clients. Tune in to learn valuable insights from one of the industry's most inspiring leaders.

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Chapters:

00:00 Understanding Market Saturation in Financial Advisory

01:08 Introduction to the Modern Financial Advisor Podcast

02:56 Welcoming Alan Moore to the Show

05:14 The Origin Story of XYPN

08:36 Challenges and Growth in Entrepreneurship

15:13 Phases of Business Development

20:35 Reflecting on Rapid Growth and Challenges

21:43 The Shift to Fee-for-Service Models

22:33 Exploring the AUM Model and Market Saturation

29:30 The Origin and Growth of AdvicePay

31:56 Balancing Multiple Ventures as an Entrepreneur

33:32 Building Influence and Creating Gravity

37:09 Conclusion and Final Thoughts