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The Magellan Network Podcast With Coach Joe public
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Joseph Lukacs has coached and consulted financial advisors for nearly 25 years. In The Magellan Network Podcast, he will deliver concepts, strategies, mind-set shifts, and no nonsense advice that all financial advisers can benefit. He will also be interviewing some of the most successful professionals in the industry. Subscribe now and leverage his over 50,000 coaching and consulting sessions with financial advisors world-wide.
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Hi everyone and welcome to The Magellan Network Show. As someone who likes to keep things simple, I’ve often noticed how advisors tend to make things more complicated than they need to be, especially when it comes to client relationships.This all started when a new client asked me a powerful question: “How do you measure a relationship with a clien…
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Hello and welcome to The Magellan Network Show. I recently traveled to Los Angeles to speak at a conference and attend an awards gala, where a younger advisor asked me, “When does this business get easy?” I told him the truth: it never really gets easy—there are just different levels of hard. But that’s exactly why it’s such a great time to be a fi…
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Hi everyone, and welcome to this episode of The Magellan Network Show. With markets reacting to global tensions, economic uncertainty, and media-driven noise, many advisors find it challenging to stay grounded and focused. Today, I want to share the same advice I've been giving my personal clients and Magellan Network members. Whether you're new to…
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Hello and welcome to The Magellan Network Show. Today, we're tackling a fundamental question for financial advisors: to niche or not to niche? Whenever a new advisor enters my world, one of the first questions they ask is, “Joe, should I develop a niche?” My answer? It depends.Every advisor’s journey is different, and the right path varies based on…
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Hi everyone, and welcome to The Magellan Network Show. With Q1 of 2025 coming to a close, I want to dedicate this episode to younger advisors who have been in the business for five years or less. However, even if you’ve been in the industry for decades like me, there’s still value in this discussion.I was recently asked in a podcast interview what …
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Hello and welcome to The Magellan Network Show. As we wrap up Q1 2025, I’ve been having a lot of conversations with my clients about navigating uncertainty. There’s a lot of market noise and news distractions, but this is simply the environment we’re operating in.Today, I want to share some strategies to help you put yourself in the most resourcefu…
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Hi everyone and welcome to The Magellan Network Show. Here we are, right in the middle of March, living through some interesting times. But don't worry, this conversation isn't about politics. I'm keeping things completely neutral.In this episode, I’ll share the advice I give my personal coaching clients on how to thrive in today’s environment. You…
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Hello and welcome to The Magellan Network Show. I just returned from 12 days in Winter Park, Florida, where we hosted our winter mastermind event for all three of my mastermind groups. Today, I’ll share key insights from our discussions across Empire Mastermind, Empire X, and Elite.In this episode, I dive into the advisor shortage, the growing role…
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Hi everyone and welcome to The Magellan Network Show. Many financial advisors wonder how to significantly increase their income, often assuming that working harder is the key. But what if the real answer lies elsewhere?In this episode, I sit down with Mark Elzweig, President of Mark Elzweig Company - Executive Recruiters, to explore a different app…
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Hello and welcome to The Magellan Network Show! I hope you're all having a great February 2025. Over the past 30+ years of coaching advisors and observing the profession, I’ve often been asked what sets apart those who achieve long-term success from those who struggle or see only short-term wins. One universal factor stands out: the level of invest…
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Hi everyone and welcome to The Magellan Network Show! It’s Valentine's Day 2025, so I’ve decided to talk about why I love referrals and introductions—and so should you!Before we dive in, one thing is clear: no single strategy—referrals, COIs, or seminars—works alone. Most advisors need a mix to drive consistent growth. Today, I will break it all do…
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Hello and welcome to The Magellan Network Show! As I approach my 31st year of coaching advisors, I’m taking a step back from strategies and tactics to explore the bigger picture. Now that we’re past January’s motivation and into the commitment months, I want to reflect on why we do what we do and why I chose to coach advisors.I believe no other pro…
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Hi everyone, and welcome to The Magellan Network Show! January 2025 is ending, and it's time to move from motivation to execution. Advisors started the year with fresh energy and goals, but now comes the real test. Who will stay committed, and who will fall back into old habits?Today, I want to talk about standards. A client once told me this busin…
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Hello and welcome to The Magellan Network Show! As we move through January 2025, I want to discuss why you can’t carry your 2024 identity into your 2025 game or business plan.Too often, we set goals based on our current capabilities, which can be intimidating and lead to a lack of confidence. Because the truth is, the current version of you may not…
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The Magellan Academy & NetworkThe rules and tools for success in the financial services industry are about to change radically.I have spent over 25 years coaching only financial advisors. In that time, I have personally conducted over 50,000 individual coaching sessions. I have built a profound knowledge base of what it takes to achieve lifelong su…
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The Magellan Academy & NetworkThe rules and tools for success in the financial services industry are about to change radically.I have spent over 25 years coaching only financial advisors. In that time, I have personally conducted over 50,000 individual coaching sessions. I have built a profound knowledge base of what it takes to achieve lifelong su…
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Hello and welcome to The Magellan Network Show. Season's greetings and Happy End of 2024! Today, we'll walk through a checklist to help you wrap up the year effectively and ensure you're ready for 2025.Many advisors are overwhelmed in December, scrambling to complete CE credits, RMDs, and last-minute tax planning while juggling holiday obligations.…
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Hi everyone, and welcome to The Magellan Network Show. Here we are in mid-December 2024, wrapping up another season in the game—it’s a great time to reflect and get ready to crush it in 2025. In this episode, I want to discuss the most important investment you can make for your business, career, and life: investing in yourself.Today, we’ll explore …
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Hello everyone, and welcome to The Magellan Network Show. Here we are in December 2024—it’s hard to believe how quickly the year has flown by! In this episode, I’ll share some key insights from our 23rd annual business planning retreat, now called Magellan Division 10x. Most advisors struggle with creating impactful business plans, often relying on…
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Hi everyone, and welcome to The Magellan Network Show. This week holds significant meaning for me because it’s the week of our Magellan Vision Conference—our 23rd annual gathering.In today’s episode, I’ll take a few minutes to share my approach to this year’s conference, particularly how I’m helping advisors craft their strategic plans. I’ll also h…
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Hello and welcome to The Magellan Network Show. Today. I want to share an observation I've had for decades: many advisors, including younger ones, approach this profession as if it's just a job. When you’re not reaching the level of success you envision, it's crucial to examine the real reasons behind that. You must go beyond blaming external facto…
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Hi everyone and welcome to The Magellan Network Show. This episode might be a little different from the usual. I’ll be sharing insights on what it really takes to double your income as a financial advisor—and here’s a hint: it’s probably not what you’d expect.I recently met an advisor with a $5 million practice who wants to grow it to $10 million i…
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Hello and welcome to The Magellan Network Show. It’s the start of November! As we prep for the upcoming Magellan Vision Process, I want to discuss tracking key metrics or KPIs.There’s a saying: “What gets measured matters.” Yet surprisingly, 80–90% of advisors don’t fully understand their essential business metrics. Why don’t more advisors track wh…
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Hi everyone and welcome to The Magellan Network Show. This week, I want to share a conversation with a successful advisor who someone referred to me. Despite his financial success, our discussion revealed a common issue in our industry: advisors often neglect their own growth and planning.It reminded me of the saying, "The cobbler's children have n…
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Hello and welcome to The Magellan Network Show. I’m excited to be back from Utah, where I had a great time shooting some new content for you all. We made it through the hurricanes, and now it's full steam ahead as we push toward the end of the year!For today’s episode, I want to dive into adversity—it's not a popular or fun topic, but it's somethin…
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Hello and welcome to The Magellan Network Show. Today’s episode is extra special, as we’re on the road in Deer Valley and Park City, Utah, wrapping up our Empire Mastermind meeting. I’m excited to be joined by Brian Boughner, co-founder of Fiduciary Alliance and Parallel Financial.In this episode, Brian shares his remarkable journey, from starting …
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Hi everyone and welcome to The Magellan Network Show. I’m here in Deer Valley, Utah, hosting three live mastermind groups for the next two weeks. Today, I'll explain why every financial advisor should join a mastermind group or create one on their own locally.Mastermind groups have been a pivotal part of my life since the early 90s, starting with T…
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Hello and welcome to The Magellan Network Show! Today’s episode is another special one, featuring an online webinar I did for Social Advisors with Charlie Van Derven. In it, I discuss why financial advisors should stop relying on buying leads and instead focus on referrals and introductions to attract more clients.Many advisors rely too heavily on …
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Hello everyone and welcome to The Magellan Network Show. As we step into September, I’d like to talk about the financial advisors' growth game—not just the mechanics of growing the business, but the mindset and psychology behind it.In my 30 years as a coach, I've noticed a few key differences between advisors who accelerate their growth and those w…
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Hello and welcome to The Magellan Network Show. We have another special episode today because we have a guest joining us—Daren Blonski. We're here to discuss his new book, Broken Dealer: Navigating the Path to Financial Advisor Independence, which he co-authored with Carmine Corino. I had the pleasure of interviewing Carmine a couple of episodes ag…
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Hello and welcome to The Magellan Network Show. As we approach the end of August 2024, just a week from Labor Day, let's discuss what you can do as a financial advisor if you're feeling behind, lacking momentum, or stuck in a rut. Life is full of patterns—emotional and behavioral. When they align, everything flows, and we feel abundant. But when th…
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Hi everyone, and welcome to The Magellan Network Show. Today’s episode is special because we have a guest joining us—Carmine Corino. Carmine is a personal client and a member of the Magellan Empire Group. We're here to discuss his new book, Broken Dealer: Navigating the Path to Financial Advisor Independence, which he co-authored with another clien…
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Hello and welcome to The Magellan Network Show. It's early August 2024, and it's been an exciting week in our industry. I realized we hadn’t discussed the key difference between active and passive client communication—which many advisors often blur, leading to confusion.When discussing an advisor’s communication style, I prefer the term "client rel…
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Hi everyone, and welcome to The Magellan Network Show. Today, I want to discuss strategies and decisions for handling the upcoming months, especially considering the presidential election cycle and its accompanying news. Whether you're a member of our network or a guest, let's discuss what lies ahead. It's early August 2024, and it's already noisy,…
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Hello and welcome to The Magellan Network Show. I understand the title mentions "selling," but today we'll focus on being super effective with prospects. Regardless of how you get referred to them—through COI, other marketing, seminars, or various platforms—I'll share my observations on what truly works and what doesn't.Two things frustrate advisor…
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Hi everyone, and welcome to The Magellan Network Show. Here we are in mid-July 2024, with the heat bearing down on most of the country. It's been a while since we've discussed this, so I wanted to take some time today to talk about referrals and introductions. When speaking to advisors, I ask a simple question: "What's the best way to get a new cli…
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Hello and welcome to The Magellan Network Show. I hope each of you enjoyed a fantastic Fourth of July holiday! As we enter the second half of 2024, it's a great time to look back on our progress and plan for the rest of the year.In this episode, I want to share some important patterns I've noticed during my career. My goal is to help you figure out…
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Hello and welcome to The Magellan Network Show. With July just a few days away, we're about to enter the second half of 2024. In this week's episode, I want to have a check-in conversation about timelines. In my 30 years of experience working with advisors and other businesspeople, including entrepreneurs, I've observed a common tendency: We often …
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Hello and welcome to The Magellan Network Show. June is flying by, and with the second half of the year approaching, I want to have a conversation about the difference between being the best and being the biggest in our profession.For many years, I was obsessed with making my coaching firm the largest, constantly comparing myself to others and feel…
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Hi everyone, and welcome to The Magellan Network Show. In my experience working with advisors, I've noticed that those who neglect client relationships often lack meaning and fulfillment in their work.When advisors start, making money is essential for survival. However, if you prioritize profits over impact and relationships, you're merely using cl…
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Hello and welcome to The Magellan Network Show. Today, I'd like to share a story highlighting a key observation: Are we over-relying on information and analytics while underestimating the power of emotion and influence in our communication?One of my clients recently held a white glove seminar, which we discussed in detail beforehand. After completi…
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Hi everyone, and welcome to The Magellan Network Show. With Memorial Day marking the start of period two (from Memorial Day to Labor Day) in the U.S., I want to discuss how to optimize your summer game plan as a financial advisor and strategize for the season.As a coach, I've noticed many advisors adopt ineffective summer habits. In this episode, I…
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Hello and welcome to The Magellan Network Show. Today, I want to discuss an often-overlooked topic in our conversations: can one be insecure about their success? Specifically, do advisors experience "success insecurity"?In my 30-year coaching career, I've noticed a recurring pattern where advisors go through different career phases, from merely sur…
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Hi everyone, and welcome to The Magellan Network Show. For today's episode, I want to talk about a critical topic regarding what advisors must do to grow their business. Most advisors I speak with emphasize that social media marketing and having a podcast show or YouTube channel are essential to business growth.While I fully support these strategie…
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Hello and welcome to The Magellan Network Show. Today, I'd like to talk about a pervasive yet often overlooked issue in our industry: burnout among advisors.With over three decades of experience in the field, I've seen firsthand the toll it takes as advisors neglect their well-being, merely going through the motions like weary shopkeepers.In this e…
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Hi everyone, and welcome to The Magellan Network Show. In today's episode, I'd like to talk about how our environment can profoundly impact our focus and productivity.Whether you're working in a corporate office or at home, your surroundings and whatever you decide to put in them are crucial in either helping you or holding you back from achieving …
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Hello and welcome to The Magellan Network Show. Most of us start in this profession by joining a lot of networking groups to build our careers. However, this can lead to overcommitment.A common pitfall for advisors is falling into the popularity trap. They mistake popularity for profitability, focusing their time and energy on the wrong things.In t…
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Hi everyone, and welcome to The Magellan Network Show. For years, we've discussed the "ideal client" concept in our industry. Today, let’s discuss the factors that set the best clients apart for your business. When advisors consider their ideal clients, they typically focus on wealth, occupation, or life stage. Economic factors such as these are in…
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Hello and welcome to The Magellan Network Show. Today, we’ll discuss a crucial topic often overlooked in our industry: profits.It's interesting that most advisors don't talk much about household profitability. This is probably because most of us have been taught that there is no such thing as a bad client and that more is always better. However, th…
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Hi everyone. Welcome to The Magellan Network Show and the second quarter of the 2024 season! I hope you enjoyed a wonderful holiday weekend. Today, let’s talk about the importance of habits. As an advisor, your daily and weekly habits greatly influence your long-term success. The actions you consistently take can have a compounding effect on your r…
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