Knowledge and Insight
Take advantage of the wealth of information in the Knowledge and Insight Digest. Read curated and organized industry articles.
All Articles
Wealthy Clients With Young Kids: What Advisors Should Know
From Financial Planning
Added on December 2013 in Thought Leadership
1 visitor like this article | Viewed 4454 times | 0 comment
Summary: Take note this year of how often your clients’ holiday cards feature their children as the focal point. Children — particularly those still living at home — play a key role in the determining the values, priorities and mindset of their parents.
In fact, wealthy investors with young children share a number of key characteristics, needs and values that set them apart from childless clients and even empty nesters.
2014: The Year of Professional Passion
From wealthmanagement.com
Added on December 2013 in Manage Your Practice
1 visitor like this article | Viewed 5150 times | 0 comment
Summary: Passion or goal commitment? Or maybe they are inextricably linked. Elite advisors, or top performers in any profession, set high goals for themselves because they are passionate about their work. These ambitious goals are challenging and force them to continually strive to improve; whether it’s in the operating room, the concert hall, Madison Square Garden, or the corner office—the professional passion of elite performers forces them into a perpetual growth mode. Here’s how you can challenge yourself in 2014.
Advisers who specialize in a profession are invaluable
From
Added on December 2013 in Manage Your Practice
1 visitor like this article | Viewed 5679 times | 0 comment
Summary: Financial advisers have found that by focusing on professionals in a particular industry, they become specialists in what those professionals need in terms of financial planning — and learn to speak their language. Marketing, in turn, becomes much more targeted and effective
Millennial Women More Interested in Finance, but Lack Confidence
From Think Advisor
Added on December 2013 in Thought Leadership
1 visitor like this article | Viewed 4489 times | 0 comment
Summary: Younger women are more interested in financial issues than their older counterparts, but lack to confidence to take action on those interests, according to a study from Allianz Life. As part of its 2013 Women, Power and Money Study, which was conducted in December 2012, Allianz released further data that focuses on the youngest respondents, those between 25 and 34.
Advisors: What Your Firm is Worth
From Financial Planning
Added on December 2013 in M&A Issues
1 visitor like this article | Viewed 5813 times | 0 comment
Summary: As more advisors prepare for their own retirement and plan an exit strategy, having information on valuation is becoming more important. Indeed, at some point, you’ve probably wondered what your financial advisory business is worth.
Whether you are planning to sell your business to an outside party, thinking of implementing an internal succession plan to transfer ownership to the next generation, or considering the strategic acquisition of another wealth management firm, an understanding of the true drivers of valuation is critical.
