Summary: Holistic planning, fee-based advice and retirement income strategies. All these are to the financial advice business what fire and the wheel were to ancient civilizations — innovations. Such advances aren't just new ideas or inventions. Innovations are original breakthroughs that cause upheaval and change, and create something of value.
 “If you are trying to enable your organization to be more innovative, you need to tell [staff] what you want them to do and incentivize people to do it. That means designing career paths and incentives to reward innovative behavior.”David Duncan, partner, Innosight. |
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