Manage Your Practice
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What Kind of Advisor Are You, Lifestyle or Enterprise?
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
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
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
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:
My Firm is Losing Focus on the Financial Aspects of Planning
Added on May 2017 in Manage Your Practice
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Summary: Over the last several years the advisory industry has trended away from valuing financial expertise in order to put the emphasis on the relational or human side of investing. This makes sense but we have moved too far in the opposite direction. It’s in everyone’s best interest to start valuing the expertise it takes to craft a well-allocated portfolio and to ensure that portfolio is keeping up with client goals and market movements.
