Manage Your Practice
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Voices 'Enormous' opportunity for independent firms to reinvent themselves
From Financial Planning
Added on June 2017 in Manage Your Practice
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Summary: Indeed, we should resist the temptation to focus on regulatory uncertainty in abstract terms and instead concentrate on the motivating factors that led to the increase in regulations in the first place. This approach will allow us to both address the way in which advice will be delivered in the future and to find solutions that transcend many of the burdens that have been placed upon the industry.
What Kind of Advisor Are You, Lifestyle or Enterprise?
From SEI
Added on June 2017 in Manage Your Practice
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Summary: One of the perks of my position is that I get to spend a great deal of time with high-quality financial advisors. I not only get to listen to some of the best discuss what’s working, but I get to advise many of them as an outsider, one that can be objective and even sometimes “call their baby ugly.” In fact, Raef Lee and I have created templates and workflows for the meetings that are streamlining our conversations and deliverables. (Ok, it was mostly Raef that created the templates – and by mostly, I mean 100% – but I do use them.)
Tech Best Practices When Advisors Go Abroad
From ThinkAdvisor
Added on June 2017 in Manage Your Practice
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Summary: How often do you think about your technology tools before you take off on a vacation? When you are traveling domestically, you might not think about it at all. However, when you are traveling internationally, you should plan for how you will stay connected during the trip. Not only are there best practices for you to consider, but you could also save some money if you plan carefully. This list isn't just for advisors; you can share these ideas with your clients, too.
6 Daily Success Habits of World Class Advisors
From IRIS
Added on June 2017 in Manage Your Practice
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Summary: Over the past week, we’ve been talking about time mastery. How to go from being a slave to time to getting more done in less time.
Advisory Firms Are at a Growth Crossroads
From ThinkAdvisor
Added on June 2017 in Manage Your Practice
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Summary: A new white paper entitled “Crossroads,” produced by Pershing Advisor Solutions, where I am CEO, and constructed by The Ensemble Practice, reveals the pivotal decisions at each phase of the advisory firm lifecycle. The journey from practice to business passes through several important waypoints. At these junctures, firm owners face key questions such as:
