Horsesmouth Discovery Lab findings anchor new book that shows advisors how to build trust faster and win more business.
NEW YORK, March 19, 2026 (BUSINESS WIRE) — Advisors dominate 70 percent of conversation time in first prospect meetings and ask factual or closed-ended questions more than 90 percent of the time, according to new research from Horsesmouth’s Discovery Lab.
The five-year study, one of the largest qualitative analyses of advisor-prospect conversations in the industry, reviewed over 100 recorded first meetings and found a consistent pattern: what advisors call “discovery” is functionally an intake meeting.
The findings help explain a widespread challenge. A separate Horsesmouth survey found that more than half of advisors never received formal training on how to run a discovery meeting. The result: prospects stay surface-level, and prospects don’t reveal their true situation. Consequently, trust stalls. Many prospects hesitate to move forward or walk away entirely.
These insights anchor Discovery Shift: Why Talking Less and Listening More Wins Business, a new book by Chris Holman, MCC, Executive Coach at Horsesmouth. Published December 1 and available now at discovery-shift.com. The 171-page book translates the Discovery Lab research into a practical system advisors can use immediately.
“Most advisors think they’re running discovery, but they’re running intake,” Holman said. “They gathered information, but not the truth. Real clarity appears only when an advisor slows down, creates safety, and gives space for a genuine conversation. That’s what this book teaches, how to make that shift.”
Discovery Shift provides advisors with the tools to put the research into practice, including:
Holman encourages advisors to start by assessing their current approach. “Before you can make a shift, you need to know where you stand,” he said. “Most advisors overestimate how much space they give prospects to talk. The Discovery Shift Quiz takes just a few minutes and gives you an honest look at your habits, where you’re strong, and where intake might be creeping in.”
“Advisors don’t realize how much business they lose in the first meeting,“ said William T. Nicklin, CEO of Horsesmouth. “They walk out thinking it went well. The prospect walks out feeling like a data point. Discovery Shift introduces an approach that helps advisors build trust faster and create a connection no technology can replicate.”
“After 25 years in business and hundreds of client meetings, I wish I had Discovery Shift from the start.”
—Debbie Taylor, Financial Advisor and Creator of the Savvy Tax Program at Horsesmouth
“It is about building relationships where everyone wins.”
—David Treece, President/Treece Financial Group
“Sharp, modern, and free of sales clichés.”
—Connie Kadansky, MCC, President/Exceptional Sales Performance
Chris Holman is available for keynote presentations, workshops, and panel discussions on discovery conversations, advisor trust, and the hidden mechanics of first meetings.
His talks draw directly from eight years of Discovery Lab research and are designed for advisory firms, industry conferences, leadership teams, and coaching organizations seeking practical, research-backed insight into how trust is actually built in client conversations.
Discovery Shift: Why Talking Less and Listening More Wins Business is available now for $24.95 at discovery-shift.com.
Chris Holman built his client book at EF Hutton by cold-calling strangers. Forty years later, he is a Master Certified Coach who has trained more than 2,500 advisors to shift from sales-driven habits to trust-building conversations.
Horsesmouth, LLC, provides practice management education, coaching, and research for financial advisors. The company’s Discovery Lab is an ongoing research initiative that has conducted one of the industry’s largest qualitative studies of advisor-prospect conversations, analyzing communication patterns and their impact on trust and conversion.
Contact
Melissa Daniel
Horsesmouth
(212) 217-1131
melissa@horsesmouth.com
