{"id":646402,"date":"2026-05-16T08:57:25","date_gmt":"2026-05-16T08:57:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/646402\/"},"modified":"2026-05-16T08:57:25","modified_gmt":"2026-05-16T08:57:25","slug":"the-diamond-podcast-inspired-wealth-plannings-ricky-smith","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/646402\/","title":{"rendered":"The Diamond Podcast: Inspired Wealth Planning&#8217;s Ricky Smith"},"content":{"rendered":"<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">What happens when you stop thinking like a renter and start thinking like an owner?<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Not just in theory, but in how you run your business, make decisions, and show up for clients.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">For Ricky Smith, that question didn\u2019t come at the beginning of his career. It came 30 years later, after building a highly successful practice at Edward Jones and beginning to see the business through a different lens.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Today, Ricky is the founder and managing partner of Inspired Wealth Planning, the independent firm he built with Kestra Private Wealth Services. Since launching in March 2023, the firm has grown to over $1.25B in assets under its care across seven locations.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">What makes this story interesting isn\u2019t just the move\u2014it\u2019s how intentional it was. Ricky didn\u2019t rush into independence. He spent a year evaluating 12 different firms and paths, clarifying what mattered most, and ultimately making a decision based on people and alignment, not just economics.<\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/growth-strategies\/the-diamond-podcast-for-financial-advisors-inside-an-8b-boutique-firm-s-evolution\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">The Diamond Podcast for Financial Advisors: Inside an $8B Boutique Firm\u2019s Evolution<\/a><\/p>\n<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Ricky shares his journey with Jason Diamond, including:<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">His approach to due diligence\u2014and why he dove deeper into the weeds before he was satisfied with his next steps.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Reconsidering the wirehouse model\u2014and why he felt independence was the best path forward.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The \u201cownership mindset\u201d\u2014and how that drives his values and processes.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The early phase of independence\u2014and why it\u2019s less about growth and more about getting the structure right.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Growing by 50%\u2014and what \u201cbreakthroughs\u201d he had in less than three years.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Ricky offers the perspective that making the leap to independence may be \u201cshort-term hard,\u201d but you\u2019re working toward building a business that\u2019s designed to be \u201clong-term easy.\u201d<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">And there\u2019s another broader idea worth paying attention to: Most advisors don\u2019t lack options; they hesitate to act on them.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Listen in for sage advice from an advisor who has lived in the wirehouse world and is now independent\u2014and has realized the value of ownership.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link ContentText-BodyTextChunk_bold\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/hubs.ly\/Q04gwKc70\">Download a transcript of this episode\u2026<\/a><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\"><a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link ContentText-BodyTextChunk_italic\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.diamond-consultants.com\/podcast-mindy-diamond-independence\/\">Listen to more episodes of The Diamond Podcast for Financial Advisors: Insights on Transitions, Independence and Advisor Growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"What happens when you stop thinking like a renter and start thinking like an owner? Not just in&hellip;\n","protected":false},"author":2,"featured_media":646403,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-646402","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/646402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=646402"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/646402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/646403"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=646402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=646402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=646402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}