Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
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Pointers for Hiring a Great Assistant
From Financial Advisor IQ
Added on November 2013 in Manage Your Practice
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Summary: It’s a happy milestone when a financial-advice firm grows big enough to warrant hiring support staff. It can also present a fresh challenge for the founding advisor, who may never before have thought much about how to find trusted employees. WealthManagement.com offers guidelines to help ensure your practice doesn’t turn into a revolving door for underperforming, dissatisfied staffers.
The Conversation: How Young Advisors Can Spur Owners to Succession Planning
From Think Advisor
Added on November 2013 in Plan for the Future
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Summary: Today, most owner-advisors launched their firms using well-established business and service models, taking on the challenges of a startup because they wanted to take care of their clients their own way. Consequently, most of today’s business management wisdom doesn’t really apply to independent advisory firms, with one major exception: the changing roles of firm founders and advisors who were hired as the firm grew.
4 Trends You Can't Ignore
From Think Advisor
Added on November 2013 in Other Ideas
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Summary: The future is uncertain in a lot of ways, but the industry is already in flux. There are some ways that advisors can prepare for what’s coming to achieve their business goals and serve their clients well. The future always presents challenges, but also opportunities for those who are prepared. In the future, that is, today, four major trends are affecting your clients and your businesses.
Developing a Sustainable Business and Succession Plan
From Pershing Advisor Solutions
Added on November 2013 in Plan for the Future
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Summary: A new guidebook filled with practical information about virtually every aspect of developing a sustainable business and succession plan. Many firm owners are only a decade or so from retirement—and yet, fewer than 30% of independent registered investment advisors (RIAs) have even created a succession plan.Without an exit strategy in mind, advisors lack clear goals to guide their business planning efforts. This informative guidebook explains how you can address many of the key planning questions facing your firm.
2013 Fidelity Millionaire Outlook Executive Summary: Gen X/Y Millionaires Not Sitting Idle
From Fidelity
Added on November 2013 in Other Ideas
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Summary: The Fidelity Millionaire Outlook, now in its 6th year, is an in-depth survey that analyzes the investing attitudes and behaviors of millionaire households. This year’s survey takes a close look at Gen X/Y millionaires — who they are, their lifestyles, how they’re investing, and where they turn for help.
