Practice Management

Practice Management (155)

Advisors Need to Be the Calm in the Storm for Clients: Experts

Amid panic and fear about the coronavirus pandemic and the correlated market fallout, advisors need to be the calm in the storm for their clients. That’s according to retirement experts interviewed by ThinkAdvisor.

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FAs Should Embrace AI, Not Fear It

Artificial Intelligence, or AI, is not the enemy many financial advisors fear it is, according to Jack Brod, chair of the CFP Board of Directors. So reports Financial Advisor.

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Advisory Firms Must Find a Niche or Face Extinction

John Anderson, Managing Director of the Practice Management Solutions Team for Independent Advisor Solutions by SEI, said recently that in order to succeed in the next 5-10 years, advisors are going to have to find a niche rather than operate as generalists. So reports CNBC.

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Daily Money Managers: A Solution to a Common FA Challenge?

Financial advisor Liz Miller encountered a problem many financial advisors likely face. After the death of her client, she took on the widow as a client and quickly realized her new client needed more help than she could provide. So reports CNBC.

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Morningstar to FAs: Here's How to Demonstrate Value to Clients

Morningstar says its research shows that the value of the Financial Advisor role is currently misunderstood. To help, Morningstar published an article listing three things Financial Advisors can do to help show the value they bring to their clients.

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Divorce: A Topic to Help Your Grow Your Business with Women

Financial consequences of a divorce can last for decades. Yet, 95% of women going through a divorce do not use a financial advisor, according to a new study. So reports Forbes.

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Clients Want Better Communications with Advisors

In a recent study sponsored by investment research platform YCharts, nearly 64% of survey respondents said their advisors contact them 'infrequently' or 'very infrequent.' Among those individuals, 66% said more frequent conversations would improve their confidence in the investment professionals that they use. So reports Financial Advisor.

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Focus on Deep Relationships to Increase Profits

Rather than focusing on capturing a large number of clients, advisors may be well served by focusing on developing deep relationships with 70 investors. So writes marketing consultant Sara Grillo in a recent column for Advisor Perspectives.

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How to Win Clients By Talking Less

Many advisors fail to win clients because they talk too much and then fail to listen, says Sara Grillo, a marketing consultant. So reports Advisor Perspective.

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LPL Offers Advisors New Employment Model

With its planned acquisition of Allen & Company of Florida, LPL will offer its advisors, who currently serve as independent contractors, the opportunity to become full time independent employees of the company. So reports Barron’s.

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