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Summary: Practice management expert, Beverly Flaxington, provides some time management tips to help advisors deal with disorganized staff. She affirms that some people can do more with less, but many people need a process and structure and someone to delegate to.
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Summary: Too many lone advisors are failing to plan for emergencies, putting their businesses—and clients—at risk. Solo advisors face many unique challenges, but perhaps the biggest is that they are, in bad times as well as good, solo. According to a REP. magazine survey, a significant portion of these advisors have no contingency plan in place should they unexpectedly not be able to continue working.
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Summary: Among other benefits, teaching offers pick-of-the-litter opportunities for hiring next-generation help, bolsters credibility with clients, and lets advisors practice explaining difficult financial concepts clearly. It also forces them to stay au courant with trends and innovations in the advice business.
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Summary: Whether you own a planning firm with one or many employees, or are an employee yourself, understanding the rules around classifying employees as exempt or non-exempt—in other words, who is eligible for overtime and who is not—can prevent misunderstandings, hard feelings, audits, and penalties
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Summary: A new guidebook filled with practical information about virtually every aspect of developing a sustainable business and succession plan. Many firm owners are only a decade or so from retirement—and yet, fewer than 30% of independent registered investment advisors (RIAs) have even created a succession plan.Without an exit strategy in mind, advisors lack clear goals to guide their business planning efforts. This informative guidebook explains how you can address many of the key planning questions facing your firm.
