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Time to Hire a Professional Manager?

From Financial Planning
Added on December 2013 in Manage Your Practice
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Summary: An increasing number of growing advisory firms reaching from outside the business to bring in professional managers -- as they should be doing, say industry experts. So what should firms seeking to bring in outside professional managers be looking for, asking and offering?

For FAs, Teaching Can Be a Great Second Job

From Financial Advisor IQ
Added on December 2013 in Manage Your Practice
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Summary: Among other benefits, teaching offers pick-of-the-litter opportunities for hiring next-generation help, bolsters credibility with clients, and lets advisors practice explaining difficult financial concepts clearly. It also forces them to stay au courant with trends and innovations in the advice business.

Colleges Struggling to Mint New Advisors

From Financial Planning
Added on November 2013 in Manage Your Practice
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Summary: Professors at the leading financial planning programs say many of their graduates have little trouble finding work in an industry that is hungry for talent. The majority of William Paterson's spring 2013 financial planning graduates have already landed jobs, many with RIA firms. Texas Tech University, which houses the nation's biggest financial planning program, boasts a 95% placement rate.

How to Avoid Misclassifying Employees

From Financial Planning Association
Added on November 2013 in Manage Your Practice
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Summary: Whether you own a planning firm with one or many employees, or are an employee yourself, understanding the rules around classifying employees as exempt or non-exempt—in other words, who is eligible for overtime and who is not—can prevent misunderstandings, hard feelings, audits, and penalties

7 Traits of Superstar Advisors

From Financial Planning
Added on November 2013 in Manage Your Practice
1 visitor like this article | Viewed 124 times | 0 comment

Summary: A select group of financial advisors have already reached more than $50 million in assets under management despite having less than five years of experience. This group accounted for just 5.1% of the more than 2,100 financial advisors surveyed recently by CEG Worldwide, but their success led us to ask: This slide show provides an overview of what traits and behaviors help set this group apart.

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