1 visitor like this article | Viewed 5624 times | 0 comment
Summary: This is a period of uncertainty for fee-based independent financial advisors. On the one hand, ‘robo advisors’ are seeing some success in attracting assets with their consumer friendly interfaces, readily accessible data and low-cost approach. On the other hand, aging Baby Boomers are increasingly turning to advisors for long-term care (LTC) planning and elder care information, advice that requires specialized expertise.
1 visitor like this article | Viewed 5624 times | 0 comment
Summary: Despite seeing the highest assets under management and compensation levels since 2007, many financial advisors appear to be falling behind when it comes to positioning themselves for future success, according to a new Fidelity study. Almost all advisors (95%) expanded their books of business in the last 12 months, with average AUM at $62 million and average compensation at $240,000, the Fidelity Advisor Insights study found.
1 visitor like this article | Viewed 5598 times | 0 comment
Summary: Mr. Clark, a passionate home chef, has discovered that cooking meals for his clients provides a unique way to educate them about financial planning and deepen the client relationship. Mr. Clark usually cooks once or twice a month for new clients, and often their friends or family. But the meal is never just about the food.
1 visitor like this article | Viewed 5200 times | 0 comment
Summary: Based on my past life as a financial advisor and my current role in which financial advisors are my clients, I have seen a lot of best practices by advisors — and witnessed their biggest mistakes. Here are five things that advisors do wrong, so you can get them right.
0 visitor like this article | Viewed 5195 times | 0 comment
Summary: All advisors want loyal employees -- committed, respectful, and engaged workers who see projects through to the very end.How do you get them? The fact is, loyalty must be earned. So the question for you is: What have you done lately to demonstrate your appreciation and respect for your staff? Following through on these three strategies can go a long way toward helping you earn your employees' loyalty.
