Manage Your Practice
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Ways Cyberfraud Can Jeopardize Your Clients' Plans
From ThinkAdvisor
Added on September 2019 in Manage Your Practice
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Summary: With cybercriminals constantly seeking opportunities to separate people from their money, it should come as no surprise that banks and other financial institutions are prime targets of cyberfraud. A recent report by Intsights, a cyber intelligence company, found that more than 25% of all malware attacks are aimed at financial organizations, more than any other industry, and that there were huge year-on-year increases in the numbers of incidents involving credit cards (up 212%), credential leaks (129%) and malicious apps in general (102%).
Advisors Are Struggling with Too Much Technology, Not Too Little
From IRIS
Added on September 2019 in Manage Your Practice
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Summary: The objection we hear most often from prospective clients (delivered in a sarcastic tone) is, “I don’t want to hire an operations and technology consultant. Not only do I have to pay your fee, but you are going to tell me I can’t continue to do business unless I spend an additional $200,000 on new technology that will undoubtedly streamline my operations and make my staff more productive. And after spending all that money, I bet I won’t have one new client to show for it! No, thank you!”
An inside look at the SEC's cyber exam
From Financial Planning
Added on August 2019 in Manage Your Practice
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Summary: Advisors may think they are well versed in cybersecurity. After all, the SEC has publicly detailed its key cybersecurity focus areas, like risk assessment, data loss prevention, vendor management and incident response. But do financial planners know how examiners evaluate firms to determine whether they pass the test? Probably not.
Three LinkedIn Sales Navigator Tips for Financial Advisors
From wm.com
Added on August 2019 in Manage Your Practice
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Summary: Have you been on LinkedIn lately? It’s much more vibrant than it was a few years ago. People are logging in more frequently, posting better content and engaging more meaningfully. If LinkedIn once felt stagnant compared with Facebook and Instagram, it’s a different animal now.
Understanding Our Top Fears
From wm.com
Added on August 2019 in Manage Your Practice
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Summary: What do you think are the top fears of Americans today? It’s not public speaking, heights, spiders, snakes or even terrorism. Not even close—today’s top fears are much more practical.
