In our 130th episode of Kitces & Carl, Michael Kitces and Carl Richards explore this duality of solving for both providing service and earning income, the key metrics that separate advicers who are "thriving" from those who are "struggling", and why advicers who intentionally build towards having a highly profitable business don't need to forego being of service towards underserved individuals who truly need help with financial planning, even when those clients may not be profitable.

For more, see https://www.kitces.com/blog/advisor-w... and https://www.thesocietyofadvice.com/

The 4th Driver Of Advisor Wellbeing: A Service Mentality [01:20]
Do We Need To Just Bring On More Profitable Clients To Increase Happiness? [11:17]
More Profit Equals More Autonomy? [19:26]
Committing To Saying No [27:01]