Insights

September 4, 2024

The COO Roundtable: Episode 68

In Podcast: The COO Roundtable

Contributions from: Matt Sonnen

Episode 68 could very well be the most impactful episode we have recorded. For five and a half years, The COO Roundtable has highlighted the incredible work COOs perform daily across the RIA industry. As such, we’ve tended to focus on the tactical elements of the job: How do you effect change at your organization? How do you approach technology or process implementations?  How do you tackle your never-ending to-do list?

In this episode, Matt focuses on the essential soft skills required for the COO role and interviews author Rachel Lebowitz about her research and new book, “Empowered COO – Eliminate Burnout, Resentment, and Self Doubt as a Second-in Command.” After revealing his own past insecurities related to the role of COO, Matt asks Rachel to not only define the role of “Second-in-Command,” but to explain what about this unique position leads to burnout in so many cases (Rachel points out that the average COO engagement at a firm lasts about two and a half to five years).  During this far-reaching conversation, Matt and Rachel discuss:

  • How a COO can easily lose themselves in the role if they aren’t intentional
  • Why only 5.5% of the population is truly cut out to be an Empowered COO
  • How the Visionary/Integrator relationship is so often a codependent one
  • The similarities between an Empowered COO and a triage nurse
  • What three soft skills must be mastered by successful COOs
  • How Assertiveness, Decisiveness, and Discernment (ADD) are the backbone of an Empowered COO

To learn more about how Rachel works with COOs and to access free resources, please visit https://www.empoweredcoo.com/

To purchase Rachel’s amazing book, click here.

We hope you enjoy! You can listen, share, and subscribe on Google PodcastsApple Podcasts, or Spotify.

You can read the full transcript here.

Related Articles

March 5, 2025

The COO Roundtable: Episode 74

In Episode 74, Matt steps away from our usual interview format to share a vital message that could reshape how you approach your business. Drawing insights from his recent article in RIABiz, titled, How Fiduciary Duty Is Causing Confused Advisors to Run Bad Businesses, he dives deep into the crucial themes of firm capacity and [...]

Contributions from: Matt Sonnen

February 5, 2025

The COO Roundtable: Episode 73

With Episode 73, Matt welcomes two thoughtful RIA operators to the podcast: Carrie King and Jay Tarno, CFP®.  Carrie is Partner, Chief Compliance Officer, Director of Trading, and a Wealth Advisor at Ullmann Wealth Partners, located in Jacksonville Beach, Florida.  Ullmann Wealth Partners was founded in 2002 and has grown from approximately $400 million in [...]

Contributions from: Matt Sonnen

January 8, 2025

The COO Roundtable: Episode 72

We welcome Brittany Manning and Brian Habas for Episode 72!  Brittany is the Chief Operating Officer at MCF Advisors, with offices in Covington, Lexington, and Louisville, Kentucky.  The firm manages approximately $3.2 billion for both private clients and institutional clients and has 34 employees. Brian joined AlphaCore Wealth Advisory about six months ago as Chief [...]

Contributions from: Matt Sonnen