Knowledge and Insight
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Recruiting Firm Launches CFP Scholarship
From wealthmanagement.com
Added on March 2014 in Join an RIA
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Summary: Earning a CFP designation, while not a necessity, seems a commonplace task for students graduating with a financial planning degree. Yet the cost of the exam can be prohibitive for many. To help, New Planner Recruiting is introducing a new scholarship program could give a few more students the opportunity achieve this goal.
Vonnegut: Pieces of an Advisory Dream Team
From Wall Street Journal
Added on March 2014 in Plan for the Future
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Summary: You're on a team of financial advisers. You're successful. You know what it takes to find clients and manage their money in a careful, respectful way. In the world of private wealth management--where everything works and nothing works--you repeat your go-to moves over and over again. Yet, you ask yourself: "Do we need a new partner?" Norb Vonnegut describes a few roles that people play on successful teams.
10 Characteristics of Effective Leadership
From Think Advisors
Added on March 2014 in Thought Leadership
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Summary: In any business, effective leadership is critical for a firm's success. As the financial advisory market evolves, leaders in the advisor space need to be visionary and adaptable. The prevalence of small businesses in the industry, however, requires a different approach to the traditional leadership model.
Creating clear career path critical to attracting NextGen advisers
From InvestmentNews
Added on March 2014 in Join an RIA
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Summary: Adviser John R. Augenblick learned the hard way that you have to offer a clear career path to the next generation. As the financial crisis hit, one of his junior employees was poached by a competitor who was willing to offer the young professional a client-facing position immediately, he said. We didn't have those kind of formal expectations laid out for him," Mr. Augenblick, 35, said Tuesday on a panel at Fidelity Inside Track, a practice management conference in Washington D.C. "He didn't get clarity from us."
Want Sustainable Advisory Firm Growth? Automation Is Key
From Think Advisor
Added on March 2014 in Manage Your Practice
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Summary: A white paper released by SEI Advisor Network and ActiFi Inc. in March challenged advisors to integrate technology and automation more efficiently in order to run a more successful practice. Far too often, knowledge about client relationships and key processes resides in the heads of one or two people. The business risks are high, especially for growing firms, as balls get dropped, client service suffers and onboarding new employees is virtually impossible,” says the paper, authored by SEI’s Raef Lee and John Anderson, and ActiFi’s Spenser Segal.
