The Practice Factory with Dean Holmes

Pivot Wealth. Fox & Hare. If those names are familiar to you, how about the Wealth Network? For some of you yes, but if not there's a success story that you'll want to hear.

In 2016, Dean Holmes having already built a successful practice in Absolute Wealth set sights on a new challenge.

His plan?

Create a startup incubator for advice firms, taking the expertise and know-how that had helped them succeed, adding the right young advisers into the mix and growing next-gen practices from scratch.

Four years later the "experiment" has succeeded - Pivot was the first, Fox & Hare the second - and primed for more, but what's most interesting about this story is the contrarian approach.

Instead of controlling the brand and marketing like traditional Licensees, Wealth Network focuses on ambitious individuals who can attract clients and build networks, and helps build the operational side. Which is what makes this such an amazing "Intel Inside" story.

In this episode of The Finnovator, we unpacked it all:

• the idea,
• the iteration,
• the wrong turns and what went gloriously right,
• and a model that I feel we'll all be hearing a lot more from in the coming years.

 

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