By Deborah Aronson, WealthManagement.com – Long before the pandemic hit, the independent space was gaining traction among advisors craving greater control over their business lives along with a better way to serve clients. Yet, there’s a population of advisors who watched from the sidelines as their respected colleagues made the leap. That is, advisors who had growing frustrations with their firms’ and yearned for the freedom and flexibility of independence, but were besieged by concerns about leaving the comfort, familiarity and infrastructure of the brokerage model.
By Mindy Diamond – It’s impossible to ignore the formidable financial crisis—the impact of which is unquantifiable at this time. Yet while there’s much going on that we can’t control, there’s much that we can. That is, our attitudes, our responses and the decisions we make.
In trying to determine how best to manage a business and add value through these turbulent times, Mindy Diamond found these 10 ways to refocus energy and attention helpful in moving forward on a more positive path.
By Mindy Diamond – Times like these are both unprecedented and challenging. What advisors and clients alike crave more than anything is stability—and volatile market conditions and a global pandemic certainly provide anything but that.
By Deborah Aronson – Consider this: You’re the senior most advisor on a multi-generational team managing nearly a billion in assets at a firm you’ve been with for three decades. Over the years, you’ve assembled a stellar group of seasoned, mid-career advisors, as well as several more junior partners. And it’s a great team—clients consistently acknowledge the high level of service they receive.
By Mindy Diamond – For a financial advisor to justify a move to another firm or model, the pain of staying must be significant, but there must be an option waiting that positively impacts these 3 key areas.
By Mindy Diamond – There is no time like the present to take a step back and revisit your goals—and the plan to achieve them. Stopping to back up the train means clearing your mind and visualizing where it is that you’re trying to go and why. Essentially, it gives you the permission needed to re-vet the expectations you have of yourself, your firm and your future.
By Barbara Herman – A firm’s name once meant everything to most advisors—both in terms of defining which firms they would consider joining and how they marketed themselves. Then the financial crisis hit and dramatically altered the perceptions of advisors as well as their clients—and the brand cachet of brokerage firms no longer carried the guarantee of credibility, strength and trust it once did.
By Mindy Diamond – I just returned from an amazing trip to Southeast Asia with my husband Howard and two very good friends of ours. But, admittedly, we embarked upon the journey with some trepidation.
By Deborah Aronson – While some may argue that the importance of culture is overrated, it’s hard to deny its significance when it comes to attracting, developing and retaining talent. Culture embodies the ideology of a firm—it’s the organizational glue that binds together leadership and employees. It can also make some companies fantastic places to work at while others, unfortunately, toxic.
Subscribe for Updates
Get updated by email when a new article is added.
Recent News & Articles
- $1.6B 6 Years Later: Matt Celenza on Doubling Growth, Opportunity, and Life After Merrill
- LPL goes straight at wirehouse crown jewels — corner-office brokers — by re-platooning orphaned First Republic insider and making a high payout book portable and saleable
- The 5 Advisor Archetypes: Which One Are You?
- Private Equity and the RIA: Two Perspectives on the Value of Growth
- What ‘Cultural Fit’ Means And How To Find It