From Financial Advisor IQ
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Summary: Niche financial-advice firms focus on clients they like, build skills that they can use across entire client bases and, through success with a particular constituency of clients, forge lasting client relationships and a steady flow of reliable referrals, according to RIA Central. Nicheless advisors should look at their books of business to identify clients they like best.
From The Wall Street Journal
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Summary: As financial advisers, we often get so wrapped up in constructing and implementing structures to pass money on to the next generation that we forget about family dynamics and the generational patterns that exist. If we don't understand some of those dynamics, however, our best-crafted plans could fail.Using a genogram to map a client's family history helps identify financial patterns and values over generations. A genogram looks like a family tree, but it also provides detailed information on family relationships.
From InvestmentNews
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Summary: America is a graying society, but for the wealth management industry, that could mean opportunity for young advisers.“Panelists discussed the reasons college graduates and people changing their careers might consider becoming a financial adviser at the InvestmentNews NextGen Virtual Career Fair.
From Financial Post
Added on November 2013 in Form an RIA
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Summary: Some of the world’s most successful businesses were built by partnerships. (Think of Hewlett and Packard, Jobs and Wozniak, Lazaridis and Balsillie). But not every partnership works out (see Jobs and Sculley, Zuckerberg and Saverin, Lucy and Desi). Here are some expert tips tips for entrepreneur partnerships.
From Financial Planning
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Summary: Wealth, widowhood, retirement strategies and practice management tips were all in focus in at the Women Advisors Forum in Chicago in October. The event drew about 150 female advisors from around the country for a day of education and schmoozing. ,
Here are a few of the smartest things we heard in Chicago.
