Practice Management

Practice Management (170)

Preparation for Adversity is Key to Serving Clients

Financial advisors typically focus on hard numbers and cold facts in creating investment portfolios, but being able to help clients through hardships, such as the death of a spouse or other family members, is an equally important skill.

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Advisors Failing to Implement Succession Plans

Advisor often encourage their clients who are business owners to draft succession plans, but many advisors have failed to do the same for their own businesses. So reports InsuranceNetNews. Read more...

With Digital Marketer Shortage, Recruitment is Challenging

Asset managers and other financial advisory firms are planning to aggressively increase their digital marketing next year. Yet, with unemployment at a significantly low rate of only 4.1%, many firms will face challenges in recruiting employees for executing on their new marketing goals. Read more...

Low-Cost Services May Cause Upheaval in Advisor Fees

Low-cost advisory services from robo-advisors and firms such as Vanguard are likely to cause financial planners, who may charge 1% of assets under management, to revamp their fee structures. That's according to Wei Ke, who is a consultant at Simon-Kucher & Partners. Read more...

How Are Financial Firms Attracting Digital Marketing Talent?

As financial firms struggle to develop digital marketing programs, many face tough competition for workers.

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How to Improve Client Review Meetings

Displaying signs welcoming individuals to routine client reviews and walking guests to their cars after meetings are just a few strategies that advisors can use to improve their services. So reports Wealth Management. Read more...

Advisors Increasingly Embracing Financial Counseling

More advisors are offering financial counseling, which addresses helping individuals adjust their financial behavior rather than focusing on technical topics such as investing. So reports CNBC. Read more...

Novel Recruiting Strategies Used by Financial Planners

When recruiting senior advisors, Marlo Stil of The Wealth Consulting Group asks financial product wholesalers to weigh in on candidates and also reaches out to get opinions from other area planners. So reports Financial Planning.

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Many Advisors Lack Strategic Plans for Their Businesses

Advisors focus on making strategic financial plans for clients, but many have neglected to make long-term plans for their businesses, according to a recent Pershing study. So reports Financial Advisor. Read more...

How to Find High-Net-Worth Clients

A handful of practices can help advisors become more successful when using referrals to capture high-net-worth clients. So report Forbes. Read more...

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