0 visitor like this article | Viewed 2591 times | 0 comment
Summary: Building a financial advisory practice isn’t easy. Letting go of a stable paycheck, hustling to add clients, figuring out the back-office logistics of client service and compliance — those early years are tough by any measure.
1 visitor like this article | Viewed 2617 times | 0 comment
Summary: Though it may seem backward, advisers might be better served spending more time and energy on current clients. According to a survey of more than 650 individuals who work with a financial adviser or planner, 88% said they consider communication style and frequency before referring their adviser to family and friends.
0 visitor like this article | Viewed 2619 times | 0 comment
Summary: The time is right for financial advisors to make the switch to retainer-based planning, as this fee model is fast overtaking the industry. Making the switch to retainer-based financial planning can help a firm gain a foothold with high-net-worth clients. This method of planning makes regulatory compliance straightforward and reduces the risk of sanctions.
0 visitor like this article | Viewed 2601 times | 0 comment
Summary: We live in an age where a financial advisor's name and reputation can be built up or shattered based on his or her online presence. Google Search and online reviews are now standard resources investors use to research and vet financial advisors. Knowing what’s at stake, building and maintaining a strong, positive online footprint must be a priority for growth-minded advisors.
0 visitor like this article | Viewed 2573 times | 0 comment
Summary: You can see it in the attendance numbers of cybersecurity panels at conferences (though this is improving), as well as in regulator regulators' messaging to the industry to get its act together. Legal and technology experts who work with financial advisers confirm this observation, as does internal InvestmentNews data on which articles advisers read most (Spoiler alert: Not cybersecurity).
