All around the country, firms and employees are taking things to the next level to provide value that doesn’t have anything to do with financial recommendations. Here is a list of the top five activities that firms are participating in to support their clients and their communities.
Paul Feldman
Many clients may be feeling uncertain or panicked about their financial future. Communicating with them through social media and other online tools can provide reassurance and a source of stability.
For the first time, young advisors are facing the reality that they do not have the benefit of having guided clients through the Great Recession, the dot-com bubble, or any other notable contraction.
As the U.S. and the world continue to grapple with the COVID-19 pandemic and the economic fallout, advisors must prepare to handle more unique situations and a reduction in scalability across their practices.
Our entire way of life and how we operate on a daily basis has been turned upside down and inside out. For many people, they have been able to adapt to the new reality, but for many more, the sudden, drastic change to how we function is causing stress.
To ensure clients have immediate means to cover unforeseen costs, advisors should consider the merits of personal lines of credit as an alternative to standard emergency fund plans. Here’s how advisors can manage the process.
n the past, logistical and legal issues hindered advisors who wanted to work with high-income international clients – that is, noncitizen, nonresident clients – investing in the U.S., but recent changes have opened up this significant potential market to American agents.
People spend most of their college career refining networking skills, perfecting their resume, and completing mock interviews. But once they start their career, professional development can take a back seat to day-to-day work and life responsibilities.
Any advisor can gain significant advantages by going independent. By charting one’s own course, advisors have the ability to shape their businesses to fit their own vision, not that of a large company. Wayne Minich shares five decades of experience as an independent advisor.
It is important that financial planning firms are up to date on current technology tools to improve accuracy and efficiency so they can focus on what helps clients change behavior most – involvement, connection, and trust. Here are six tech tools for young advisors to try.
As the popularity of fee-based and fee-only financial advice continues to rise, many advisors are making the switch – even in nations like the U.S., which don’t require fee-only practices. But this transition can go awry if not well-planned.
1 in 4 Consumers Can’t Name 1 Life Insurance Company
One in four consumers can’t name one life carrier and more than half can’t name three, according to a LIMRA report that shows life insurance companies have a long way to go in marketing.
Staying involved in new innovation and up to date on current trends is extremely important to being a successful financial planner. Alexandria Cole-Davis discusses some technology resources for young advisors.
Viewing your practice as an “assembly line” allows you to pursue larger corporate clients and generate more business. You can achieve this by cultivating a workflow based on each employee’s natural skillset and grasping the potential of a more streamlined, efficient business model.
Advisor News premieres a new feature today bringing you financial planning as seen and lived by millennial advisors. Our NexGen feature is being brought to you in partnership with the Financial Planning Association. We plan to publish NexGen bimonthly on Wednesdays. Our kickoff column is written by Ian Harvey of Bridgewater Advisors in New York City.
Having a CRM will help keep your business running smoother and more successfully, all while saving you and your clients time and money. The author explains all the ways a good CRM makes the advisor’s life a lot easier to manage and be successful.
While advisors certainly help clients manage money, they add even more value by helping a family make personal financial decisions, few of which are more personal than the choice to pursue a college education. Here are some important strategies to consider.
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Who Will Win The Battle For the Dashboard?
We are in an age when we can get dinner delivered by drone with a click of the thumb, so why is the life insurance and annuity industry’s tech seemingly stuck?
