About this episode

The episode discusses how advisory firms can scale effectively by focusing on people, leadership, and organizational structure.

What does it take to scale an advisory firm from a small practice into a true enterprise? Today's episode offers a deep look at what really happens as firms grow into multi-billion-dollar businesses, including hiring strategies, leadership team growth, and equity strucutres for employees. Lisa Crafford is the Head of Advisory at Constellation Wealth Capital, and she joins the show today to discuss the importance of the human resources function for growing firms, how advisory firm leaders can start to shed the many 'hats' they wear, and why adding to the executive team can be a force multiplier despite the compensation they might earn. Listen in to learn why scaling an advisory firm eventually becomes less about clients and more about people, leadership, structure, and building an organization that can operate beyond the founder. For show notes and more visit: https://www.kitces.com/486

People in this episode

Host: Michael Kitces

Guest: Lisa Crafford

Topics covered

• scaling advisory firms
• hiring strategies
• leadership growth
• equity structures
• human resources
• executive team

Keywords

• advisory firm
• scaling
• leadership
• human resources
• hiring
• equity structures
• executive team

Mentioned in this episode

Organizations: Constellation Wealth Capital

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