Plan for the Future
Contingency and succession planning are critical to your advisory firm's success. Review the wealth of information.
All Articles
Voices: Sabrina Lowell, on the Benefits of Hiring Interns
From Wall Street Journal Online
Added on August 2014 in Plan for the Future
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Summary: Not all of the interaction between advisers and clients is qualitative. For the many quantitative tasks that can eat up precious time, I think hiring an intern can be a great solution. Interns are especially useful for projects that are repeatable and finite. For example, this summer my firm's two interns are updating all of our investment-policy documents, a task we perform every three years.
Adviser Staffs Up with Millennials
From Wall Street Journal Online
Added on August 2014 in Plan for the Future
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Summary: When Jim Meehan joined 1847Financial as managing partner in 2011, he started a mission to ramp up the firm's life-insurance production. As of the end of last year, that production was up threefold--a success factor he credits partly to the nearly 40 millennial-aged financial advisers he hired.
Recruiting & Hiring: How Firms Can Fix Talent Gap
From Financial Planning
Added on August 2014 in Plan for the Future
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Summary:Worried about a shortage of qualified young advisor talent? Consider hiring younger staff, and then encouraging -- or even requiring -- junior associates to study and sit for the CFP exam and complete their experience requirements.That was one of the takeaways from a new survey of recent graduates the CFP Board released Friday at its annual conference for registered educational programs.
How to create a culture of success at your firm
From InvestmentNews
Added on August 2014 in Plan for the Future
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Summary: As wealth advisers, we spend our days elbow deep in portfolio management, estate planning, market analysis and other endeavors important to the financial success — and ultimate satisfaction — of our clients. Yet more goes into building a truly exceptional client experience than an adviser's individual expertise or experience. Successful firms intentionally cultivate a culture that provides support and opportunities for their employees to thrive, their businesses to grow, and for their clients to become advocates for the teams that advise them.
Possible election to Congress has this adviser thinking of practice transition
From Investment News
Added on August 2014 in Plan for the Future
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Summary: J. French Hill is thinking through a challenge many financial advisers face — transitioning out of his practice — but is doing so not because of declining health or pending retirement. His change involves a possible career move to Capitol Hill.
