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Podcast

Independence for Financial Advisors

Industry Update: Why Working from Home May Be One of Wealth Management’s Biggest Game Changers

Posted by Mindy Diamond

It’s hard to comprehend how much has changed since March of 2020.

Here we are, some 6 months later and there is still no telling how our world will change permanently into the future.

Perhaps the biggest change foisted upon the business of wealth management as of late came with the requirement to work from home.

According to a new survey by Broadridge Financial Solutions and as recently reported by On Wall Street, nearly 60% of advisors are still working from home and 27% are either unsure about going back to the office or have no plan to do so in the near term.

Yet the reality is that working from home has its pros and cons.

This episode delves into:

  • What advisors are doing differently in the WFH environment—and how this is impacting their mindset when it comes to their futures.
  • How firms are dealing with accountability—and how this is affecting the way advisors conduct their businesses and lives.
  • What’s been the single biggest change in client relationships—and how this is causing a shift in motivations for advisors, as well as a drive towards greater movement.
  • What advisors learned about their firms during this time—and what they learned about themselves.

It’s a show that discusses how this sea change is driving change in an already evolving landscape—and a topic that impacts each and every advisor—no matter where they practice.

 

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Related Resources

Working from Home: For Some Advisors, It’s a Test Drive of Independence
The pandemic may be the “shock to the system” that further accelerates the already robust movement towards the independent space. Read->

How Are So Many Advisors Moving During the Covid-Crisis?
With travel restrictions and advisors working from home, how can advisors conduct due diligence and change firms? Ultimately, it comes down to 2 key elements that haven’t changed: commitment and trust. Read->

Why 2020 is Still Expected to be a Great Year for Recruiting
As the dust is starting to settle from the COVID crisis, 5 key principles have remained intact, leaving behind good news for those considering change. Read->

A Wake-Up Call for Wirehouse Advisors: Why Many are Re-Assessing the Status Quo
Firms make it easy to stay put for the entirety of an advisor’s career, yet many are feeling “uncomfortable” with that notion—worrying that what got them “here” may not get them “there.” Read->

 


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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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    WHAT OUR LISTENERS ARE SAYING…

    • Your podcast helped me a ton during my due diligence. There is no replacement for hearing from others who were successful leaving the wires. You are doing great things for the industry.

      Rory O’Hara
      Founder, Senior Managing Partner – Ausperity Private Wealth
    • A fantastic bundle of wisdom from one of the very best Curators of all things Wealth Management.

      Jim Dickson
      Founder - Sanctuary Wealth
    • I love the fact that you are talking a diverse group of people in our industry and educating us all. We are all doing our own thing, so it’s helpful listening to other interviews and hearing about different approaches to the business.

      Brock Moseley
      Founder, Miracle Mile Advisors
    • I didn’t realize what I could do until I heard what other advisors were doing. Then week after week, it was like the gaps were filled in. Without it, I wouldn’t have had the confidence to go independent. Even after transitioning, I still can’t wait for Thursday mornings to hear the latest interview.

      Jerry Davidse
      CEO, Presilium Private Wealth
    • Best new resource I have come across in a long while.

      Daniel Gude
      Senior VP at LPL Financial
    • I would say one of the best things I ever did was listen to your podcast. I listened to it a thousand times. There are so many aspects to explore. You’re driving blind until you actually engage a professional.

      Michael Henley
      Founder & CEO, Brandywine Oak Private Wealth
    • Fantastic Podcast and a must-listen for anyone considering Independence!

      Robert Walter
      President, Sanctuary Wealth
    • This is outstanding. Every team considering independence should listen.

      Chris Cooke
      Managing Partner, Cooke Financial Group
    • Every advisor at a brokerage firm should listen to this podcast. I’m convinced that most advisors don’t realize their real value. Do your research. You deserve your true value and going out on your terms. It’s your life’s work. Even if you don’t transition to independence, know your value and options in order to make an educated decision.

      Robert Harris
      Senior Wealth Advisor, Avidian Wealth Solutions

     

    Other Recent Episodes

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