{"podcast":{"title":"Financial Advisor Success","slug":"financial-advisor-success-1002597","podcast_index_feed_id":1002597,"rss_url":"https://fasuccess.libsyn.com/rss","website_url":"https://www.kitces.com/podcast/","image_url":"https://static.libsyn.com/p/assets/9/c/f/5/9cf5890398ef9d2d/Kitces_Podcast_Logo_-_UPDATED_-_LARGE.png","author":"Michael Kitces","episode_count":507,"summary":"The Financial Advisor Success podcast brings you real success stories and insights from the most successful financial advisors, and leading industry consultants, about how to take your advisory business to the next level. Get a glimpse of what it's like behind the scenes building a successful advisory business, and how entrepreneurial advisors navigate the inevitable highs, and lows, of growing a firm. Whether you're a new financial advisor trying to get started on the right foot, or an experienced advisor who's hit a wall, we're here to give you the insights and inspiration you need to break through and reach the level of success you want to achieve. Subscribe to the show, and get even more at the leading industry blog Nerd's Eye View at www.Kitces.com.","last_synced_at":"2026-09-16T02:19:49.350372+00:00","page_url":"https://stenobird.com/podcast/financial-advisor-success-1002597"},"episode":{"title":"Ep 507: Growing Bigger For Succession And Then Intentionally Downsizing For A Simpler Lifestyle Practice with Carolyn McClanahan","slug":"ep-507-growing-bigger-for-succession-and-then-intentionally-downsizing-for-a-simpler-lifestyle-practice-with-carolyn-mcclanahan","published_at":"2026-09-15T11:00:00+00:00","page_url":"https://stenobird.com/podcast/financial-advisor-success-1002597/ep-507-growing-bigger-for-succession-and-then-intentionally-downsizing-for-a-simpler-lifestyle-practice-with-carolyn-mcclanahan","show_page_url":"https://stenobird.com/podcast/financial-advisor-success-1002597","url":"https://fasuccess.libsyn.com/ep-507-growing-bigger-for-succession-and-then-intentionally-downsizing-for-a-simpler-lifestyle-practice-with-carolyn-mcclanahan","audio_url":"https://media.blubrry.com/financial_advisor_success/traffic.libsyn.com/secure/fasuccess/FAS507_final.mp3?dest-id=395010","summary":"Making the decision to downsize after growing can be shocking, but might also be the best decision for work-life balance. Today's guest shares the lessons she learned from growing her firm to more than 100 clients, before ultimately deciding that downsizing was the right choice. Carolyn McClanahan is the founder of Life Planning Partners, an RIA based in Jacksonville, Florida, that oversees $300 million in assets under management for 65 client households. In this episode, Carolyn opens up about how she used business coaches to create clearer career paths, establish measurable expectations, and improve compensation structures, before ultimately recognizing that the firm's growth strategy was contributing to burnout. Listen in to learn why she believes the financial planning profession could benefit from medical-style residency programs and why building a great advisory firm sometimes means knowing when not to grow. For show notes and more visit: https://www.kitces.com/507","meta_description":"Making the decision to downsize after growing can be shocking, but might also be the best decision for work-life balance. Today's guest shares the lessons…","key_points":[],"chapters":[],"topics":[],"duration_seconds":5412,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/financial-advisor-success-1002597/episodes/ep-507-growing-bigger-for-succession-and-then-intentionally-downsizing-for-a-simpler-lifestyle-practice-with-carolyn-mcclanahan/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/financial-advisor-success-1002597/ep-507-growing-bigger-for-succession-and-then-intentionally-downsizing-for-a-simpler-lifestyle-practice-with-carolyn-mcclanahan.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}