Manage Your Practice
Collect your thoughts. Learn how other owners address their practice management challenges.
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Protect Your Business with a Marketing Plan
From Wealth Management Marketing
Added on July 2014 in Manage Your Practice
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Summary: For many RIAs, life is good right now. The market is at a record high and investors have more disposable income, a stronger sense of security and are coming off the sidelines and jumping back into the markets. (Whether that is a smart decision is another story.) For many firms, the challenge has shifted from how to market and increase revenue to how to recruit and attract talent to service all of this new business.
Get Serious About Recruiting Women Advisors
From Financial Advisor IQ
Added on July 2014 in Manage Your Practice
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Summary: For a client-centric practice, there is no more critical indicator of future success than the composition of its team. Thus, every advisory firm’s top priority should be acquiring, developing and retaining the best possible people, who in turn can provide the best possible service to their clients. In this context, advisors must ask themselves if women are adequately represented — at all levels — in the practice. Advisors who can honestly say yes will find that they are far better positioned for long-term growth than those who cannot.
Management Tip: Is Your Org Chart Helping You Grow?
From Financial Planning
Added on July 2014 in Manage Your Practice
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Summary: The growth of your firm relies on your strategic plan, your organizational structure and your human capital practices. Build your business strategy first, to get a clear understanding of what you want to deliver to clients. But then clarify your organizational structure to make sure you have the right people doing the right things.
Social Media Strategy: 4 Questions for Advisors
From Financial Planning
Added on July 2014 in Manage Your Practice
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Summary: A social media strategy is the foundation of your firm's social media activities. It aligns day-to-day social networking tasks with objectives that support the overall business goals.The strategy doesn’t need to be complicated.
The Death of the Rainmaker
From Think Advisor
Added on July 2014 in Manage Your Practice
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Summary:When we ask owner-advisors why their firms aren't growing (or aren't growing faster), they invariably tell us, “We’re not getting out there enough. We need to network better and get more prospective clients in the door.” As it turns out, in the vast majority of cases we see, they are half right—and unfortunately, they usually focus on the wrong half.
