Tag: Business Owner
Breaking Free with Coach Joe: The Real Cost of Staying (Ep. 10)

Breaking Free with Coach Joe: The Real Cost of Staying (Ep. 10)

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Advisors often believe they can’t afford to leave their firm. But what if the real cost is staying?

In this episode of The Broken Dealer Podcast, Carmine Corino and Daren Blonski sit down with Coach Joe Lukacs, Founder of Magellan Network & MasterMind. 

Joe challenges the limiting beliefs and hidden consequences that keep financial advisors stuck. Through deep stories and sharp analysis, he helps advisors face hard truths—and shows what’s truly at stake when you choose comfort over possibility.

Joe discusses:

  • The story of launching his coaching business with just belief and a blank invoice
  • How firm loyalty can cost advisors up to eight figures in missed value
  • The emotional triggers behind an advisor’s decision to finally leave a constrained environment
  • The psychological tactics firms use—like payout grids and recognition clubs—to shape advisor behavior
  • Why entrepreneurial advisors must embrace uncertainty and understand their break-even point before making a leap
  • And more!

Resources:

Connect with Daren Blonski: 

Connect with Carmine Corino: 

Connect with Joe Lukacs: 

About Our Guest: 

Since 1994, Joe Lukacs has coached only financial advisors, working with over 2,500 financial advisors and teams.

He believes in sharing what he knows. That’s why he is offering his best strategies, tools, templates, and masterclasses as a coaching collaboration with firms and organizations.

Coach Joe Lukacs created the Magellan Network:

  • Proven 30-Year Track Record: He has painstakingly developed his coaching strategies and systems over 52,000 individual coaching sessions over 30 years. During that time, he has coached over 2,500 practices, resulting in over $50 billion of new assets and over $500 million of additional revenue.
  • The Best Financial Advisor Coaching Channel on YouTube: Coach Joe started his YouTube channel in 2009. It has almost 2,000 coaching videos, and thousands of financial advisors watch its content each month. 
  • Named Top FA Coach (Twice): Registered Rep Magazine in 2000 and Wealth Management in 2009.
  • Author: Wrote the book “Practice Power: 12 Steps To Take Your Business To The Next Level”.

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Overcoming Fears of Building Independence as a Financial Advisor (Ep. 9)

Overcoming Fears of Building Independence as a Financial Advisor (Ep. 9)

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Becoming independent as a financial advisor is a major career shift that comes with significant challenges, but also opportunities for growth and autonomy.

What are the fears holding you back from independence? How can you prepare for the hurdles ahead and create a future on your terms?

In this episode, Carmine Corino and Daren Blonski discuss the most common fears advisors face when leaving big firms, how to overcome them, and the strategies to make the transition smoother and more rewarding. They offer practical advice on legal preparation, client retention, and building resilience during this transformative process.

Carmine and Daren discuss:

  • The common fears of income loss and client retention during the transition to independence
  • The importance of having qualified legal support to handle the departure process effectively
  • Strategies for streamlining client transitions to minimize disruptions and retain relationships
  • The potential psychological and financial toll of legal conflicts and how to avoid them
  • Building a strong foundation of preparation, humility, and professional support to thrive as an independent advisor
  • And more!

Resources:

Connect with Daren Blonski: 

Connect with Carmine Corino: 

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How to Know When It’s Time to Go Independent (Ep. 3)

How to Know When It’s Time to Go Independent (Ep. 3)

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Financial advisors often feel constrained by bureaucratic systems and conflicting interests within larger firms. But how can they identify when it’s time to make a bold change?

In this episode, Carmine Corino shares his personal and professional insights on transitioning from traditional firm settings to becoming an independent financial advisor. He recounts the challenges, ethical dilemmas, and opportunities involved in creating a business aligned with both client needs and personal values.

Carmine discusses: 

  • The ethical challenges of prioritizing client interests over firm-imposed sales goals
  • The signs that indicate misalignment between an advisor’s vision and their firm’s restrictions
  • The importance of understanding how compensation structures impact client trust and transparency
  • Strategies and tools for evaluating and planning a transition to independence
  • The long-term benefits of aligning business models with personal and client-centric goals
  • And more!

Resources:

Connect with Carmine Corino: 

Connect with Daren Blonski: 

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