In a Nutshell: In the fourth and final episode of this mini series on the role of the advisory firm CEO, I talk to one of the best in the business about work and life after exiting the role of CEO. Letting go of a company you’ve shepherded through successful growth may not be easy. Seth Streeter did it voluntarily, while still in his early 50s, and moved to a different full-time role in the firm that better suits this stage of his life. Building a company that’s able to keep growing and succeeding without you at the helm is the mark of a job well done. Let the culture you built and the team you assembled free you to explore new avenues for personal and professional growth.

Guest: Seth Streeter, a founder and longtime CEO of Mission Wealth, which is a $4.8 billion AUM firm that specializes in comprehensive and holistic financial planning.


My Key Takeaways:

  1. Embrace a growth mindset rather than a fixed mindset. Throughout his tenure, Seth inspired his team to imagine what was possible, be brave, and achieve great things.
  2. Grow for impact. Bigger companies have bigger opportunities to impact their employees, their clients, and their communities.
  3. Do more by doing less. By transitioning from CEO to Chief Impact Officer, Seth can put his skills to their highest uses for the company as he also prepares for the next chapter of his life.

Also Learn:

  1. How Seth knew the time was right for him to step aside from the CEO role and become the firm’s Chief Impact Officer.
  2. How Seth selected and mentored his internal replacement.
  3. How Seth and the new CEO Matt Adams created “swim lanes” to make sure they’re clear on who does what.
  4. The key lessons Seth learned in his long tenure in the CEO seat.

Complementary podcast: Brighton Jones CEO Jon Jones talked to me about how he prepared the firm to operate without him while he spent a year travelling with his family. Listen/read here.

Watch Seth’s TedX talk The Untethered Life: