427 episodes

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.

The Magellan Network Podcast Joseph Lukacs

    • Business
    • 5.0 • 26 Ratings

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.

    Do We All Suffer From Success Insecurity?

    Do We All Suffer From Success Insecurity?

    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 surviving to sustaining their roles and achieving real success.

    Yet, despite reaching this successful phase, many advisors still struggle to recognize and appreciate their accomplishments.

    In this episode, I talked about the following:

    (04:51) Why success shouldn't measured by the figures you make
    (06:18) Why you shouldn't delay your gratitude and fulfillment
    (14:08) The only way to fail in the advisor game
    (16:48) Why getting caught up in ranking is a terrible idea
    (20:35) My definition of true success


    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are videos and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into the four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. As I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14 days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14 days.

    If after experiencing my work for 30 days you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    ► Subscribe to our channel here: https://www.youtube.com/user/CoachJoeLukacs?sub_confirmation=1

    Facebook: https://www.facebook.com/coachjoe.guru/
    Instagram: https://www.instagram.com/coach_joe_guru/
    LinkedIn: https://www.linkedin.com/in/coachjoelukacs/
    Website: https://www.magellannetwork.net/
    Soundcloud: https://soundcloud.com/themagellannetwork
    Twitter: https://twitter.com/Coach

    • 23 min
    Do Financial Advisors Suffer From Too Much Marketing & Not Enough Business Development Podcast

    Do Financial Advisors Suffer From Too Much Marketing & Not Enough Business Development Podcast

    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 strategies, solely relying on these methods can lead to frustration and a lack of growth.

    In this episode, I will discuss the importance of balancing marketing and business development strategies and how advisors can allocate their time and resources more effectively.

    I also discussed the following:
    (03:44) The value of a CTA (call to action)
    (05:20) The difference between marketing and strategic business development
    (06:27) What goes into the tactical business development bucket
    (09:47) What makes a business development plan great
    (10:57) An advice to younger advisors


    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are videos and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into the four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. As I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14 days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14 days.

    If after experiencing my work for 30 days you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    ► Subscribe to our channel here: https://www.youtube.com/user/CoachJoeLukacs?sub_confirmation=1

    Facebook: https://www.facebook.com/coachjoe.guru/
    Instagram: https://www.instagram.com/coach_joe_guru/
    LinkedIn: https://www.linkedin.com/in/coachjoelukacs/
    Website: https://www.magellannetwork.net/
    Soundcloud: https://soundcloud.com/themagellannetwork
    Twitter: https://twitter.com/CoachJoeLukacs__

    • 14 min
    How To Avoid Burnout As A Financial Advisor

    How To Avoid Burnout As A Financial Advisor

    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 episode, I will discuss why burnout happens, how to recognize if you're experiencing it, and, most importantly, what we can do about it.

    I also discussed the following:
    (04:08) Why the concept of being "100% caught up" is the biggest lie ever
    (05:45) The difference in burnout between athletes and advisors
    (09:16) Why a long weekend off does NOT fix burnout
    (14:27) Why most advisors are not aware that they're burnt out
    (14:59) What is a freedom tax?

    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are video and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. Like I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14-days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14-days.

    If after experiencing my work for 30-days and if you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    Get Your Free Access to the Powerful Tools, Strategies & Masterclass

    www.magellannetwork.net

    • 19 min
    How Financial Advisors Sabotage Their Focus And What To Do About It

    How Financial Advisors Sabotage Their Focus And What To Do About It

    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 your goals.

    Today, we will discuss how to cultivate a success-driven environment and identify the pitfalls we must avoid.

    I also discussed the following:
    (03:36) How your morning environment shapes the rest of your day
    (08:18) Why your Zoom background matters
    (09:36) What advisors should be mindful of when engaging in conversations
    (11:05) The one thing that we all have control over

    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are video and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. Like I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14-days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14-days.

    If after experiencing my work for 30-days and if you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    Get Your Free Access to the Powerful Tools, Strategies & Masterclass

    www.magellannetwork.net

    • 12 min
    Why Financial Advisors Need To Be Careful Of The Popularity Trap

    Why Financial Advisors Need To Be Careful Of The Popularity Trap

    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 this episode, we'll talk about how to avoid the popularity trap and explore how to shift focus from being popular to achieving long-term success.

    I also discussed the following:
    (04:27) Why advisors need to evaluate their groups
    (07:49) What an advisor should be all about
    (11:39) Why most advisors find it difficult to get out of the popularity trap
    (13:00) Two things that advisors must value the most


    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are video and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. Like I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14-days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14-days.

    If after experiencing my work for 30-days and if you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    Get Your Free Access to the Powerful Tools, Strategies & Masterclass

    www.magellannetwork.net

    • 14 min
    Why Financial Advisors Need Clarity On Their Ideal Client

    Why Financial Advisors Need Clarity On Their Ideal Client

    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 inevitable, especially if you're running a profitable business, but are these all that matter?

    In this episode, we'll discuss four core characteristics that define your ideal client relationship.

    I also talked about:
    (04:30) Why a client’s likeability is crucial
    (05:44) An exercise to help you connect with a person
    (07:25) The three types of convincer strategies
    (10:39) Why I don’t believe in discounting or negotiations when it comes to fees
    (12:57) Why advisors should have a client scorecard system


    The Magellan Academy & Network

    The 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 success in business and life. In my career, I have transformed 1,000’s of advisors (below are video and written testimonials by many of them).

    Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

    I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

    Here is what you are going to get from me each month:
    - A 5-10 minute morning coach video each business day.
    - 3 training videos of 20-30 minutes each. This will be a deep dive into four areas I mentioned above.
    - A live group coaching session where you and I can interact and work together.

    Here is what you can do each month:
    - Post a question to me and I will answer it.
    - Collaborate and associate with like-minded advisors.
    - Invite other great advisors into the network.

    Your Bottom Line:
    Here is the deal. I am not going to ask you for a credit card. Like I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14-days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14-days.

    If after experiencing my work for 30-days and if you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

    Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

    Get Your Free Access to the Powerful Tools, Strategies & Masterclass

    www.magellannetwork.net

    • 14 min

Customer Reviews

5.0 out of 5
26 Ratings

26 Ratings

Ctormey1 ,

Joe Lukacs and Magellan Network

Joe’s weekly content on this podcast is the best in the industry. His Magellan Network coaching is second-to-none. Thank you, Joe, for the value you provide to the financial advisor community!

drwhga ,

This is a gift, do yourself a favor and listen…

You can swim in the “sea of sameness” with other options out there or get involved with someone who will move the needle in such a meaningful way with your business and your life. He has been my coach for over a decade and was introduced to me by another member and good friend over 10 years ago. The results all these years later for both of our practices speak for themselves. I have gotten to know a bunch of other members over the years who run top advisory teams/firms. I wonder why we all stay so close to this guy??!!

fadvisor ,

Truth be told

Coach Joe does a great job helping advisors increase their performance. There is an incredible amount of wisdom in each podcast. You can listen to a podcast multiple times and find more golden nuggets every time.

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