From InvestmentNews
Added on February 2014 in Join an RIA
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Summary: dvisers can help the financial services industry boost its historically poor ethnic diversity even without making those hires themselves.Minority financial planning students need help polishing their communications skills, according to Luke Dean, director of William Paterson University's financial planning program. About 51% of the Wayne, N.J., school's students are minorities.
From InvestmentNews
Added on February 2014 in M&A Issues
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Summary: Some financial advisers have found a way to work less, keep their best clients and even pocket a little change. These advisers, many close to retirement, are selling their smaller client relationships to another adviser or firm. Though it can be an emotionally difficult process, some think it's a great solution to help aging advisers, struggling junior advisers and even investors with lower account sizes.
From Financial Advisor IQ
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Summary: Marketing is a necessity for financial advisors, no matter how big your brand is or how much you manage, according to Beverly Flaxington, a practice-management coach in Medfield, Mass. The reason? “Because everybody Googles,” says Flaxington. “Before anyone calls you, they do a search, and if you’re an advisor who’s not getting found in Google searches, if you don’t have a functional and updated website, if you’re not seen online being quoted in articles, then people will wonder what’s wrong with you.”
From Financial Planning
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Summary: Advisors grappling with hiring costs can take heart: Wooing and retaining young advisors goes beyond cash compensation, industry experts say. Younger workers are motivated by a variety of other factors, many of which require less upfront cash outlay. Consider including some of these benefits in your recruiting pitch.
From ByAllAccounts
Added on February 2014 in Other Ideas
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Summary: On average, financial advisors say their clients should expect Medicare to cover about three-fifths of their annual health care costs. Couple this with numerous studies that show the average American has not yet saved enough for retirement, and the 10,000 Baby Boomers who are retiring each day, and an alarming picture begins to come into view.
