Welcome to the Financial Advisor Success Podcast, where you go behind the scenes with

financial planner, speaker, and consultant Michael Kitsas to hear stories of how leading financial

advisors navigated the inevitable challenges that arise on the path to success and get

insight from leading industry consultants about how to break through to the next

level in your advisory business. And now here's your host, Michael Kitsis. Welcome, everyone.

Welcome to the 298th episode of the Financial Advisor's Success podcast. My guest on today's

podcast is Carolyn Armadage. Carolyn is the president of Thriven Advisor Network, an RAA platform that offers partnership

and affiliate models for financial advisors and oversees $6.5 billion in assets and management

for over 20 affiliated independent advisor businesses.

What's unique about Carolyn, though, is how she quickly rose through the corporate ranks

in the financial services industry to

leadership positions at several major broker dealers, where she developed and implemented strategies

that facilitated their transition from brokerage to advisory models, giving her a unique

firsthand perspective over the past several decades of the industry's ongoing evolution from

brokerage to RIA. In this episode, we talk in depth about how Carolyn

grew her career to become a leader in the financial service industry and made her mark by

becoming an established executor for major broker dealers that wanted to shift from solely commission

based to historical models and ad advisory offerings. The past that Carolyn navigated at companies

like HD Vest and financial networks

to improve upon or outright established new advisory platforms within their existing brokerage

businesses. And how in three short years Carolyn built a new training and development program for

LPL's largest advisors, helping them recruit and retain advisors themselves, create better compensation

...