Manage Your Practice
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How and Why to Choose a Niche for Your Financial Planning Practice
From ThinkAdvisor
Added on October 2019 in Manage Your Practice
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Summary: One of the easiest ways to make your financial planning practice stand out in this crowded industry is by niching your practice. In fact, the most successful advisors around the country have already decided to niche their practices — with good reason. In a recent survey by TD Ameritrade, niched advisor practices showed 35% higher client growth, 25% higher revenue growth and 17% higher profit margins than non-niched financial planning practices.
Solving the Cybersecurity Riddle
From wealthmanagement.com
Added on September 2019 in Manage Your Practice
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Summary: Technology has advanced by leaps and bounds in the advisory industry—and so have the risks. As a result, cybersecurity has emerged as a critical issue for advisors to address. But how best to navigate the ever-changing and complex cybersecurity landscape? The advisory industry has taken proactive steps to fight cyberthreats, but there’s more than advisors can do to protect their practices.
10 Steps to Implementing Your Social Prospecting Strategy
From ThinkAdvisor
Added on September 2019 in Manage Your Practice
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Summary: So you’ve decided to expand your client base through social prospecting. You’ve identified a few community organizations where your high-net-worth prospects are likely to show up and you would be a good fit. (If you haven’t, check out 9 Great, Good and OK Places to Meet Wealthy Prospects.) Now you need a strategy.
The dos and don'ts of naming an RIA
From Financial Planning
Added on September 2019 in Manage Your Practice
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Summary: Sounds simple in theory, but when it comes to naming an RIA there are plenty of options to consider.
Ways Cyberfraud Can Jeopardize Your Clients' Plans
From ThinkAdvisor
Added on September 2019 in Manage Your Practice
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Summary: With cybercriminals constantly seeking opportunities to separate people from their money, it should come as no surprise that banks and other financial institutions are prime targets of cyberfraud. A recent report by Intsights, a cyber intelligence company, found that more than 25% of all malware attacks are aimed at financial organizations, more than any other industry, and that there were huge year-on-year increases in the numbers of incidents involving credit cards (up 212%), credential leaks (129%) and malicious apps in general (102%).
