Managing
How Do You Become An Elite Advisor? By Balancing The Flexibility Of The RIA Model With Operational Efficiency
- Details Category: Practice Management
How do you become an elite advisor? Answers to that question are among the items discussed at TD Ameritrade Institutional’s Elite Summit this week. The first step is to adopt the registered investment advisor (RIA) model. The model frees advisors from the conflict of interest thought by RIAs to be inherent in wirehouse relationships where advisors may too easily get wrapped up in selling product and increasing shareholder value of their firms.
Approaching Your Client Base With A Blanket Business Decision May Not Always Be Your Best Option
- Details Category: Practice Management
The decision to switch from commissions to fees can be an unnerving one. But for many, it’s just the next step in the trajectory for growing their businesses. To ease the process from an income standpoint, many raise their minimum investment requirements. This can be tricky to do and can cause you to lose clients. But having the right conversation with them can also result in a higher quality book of business.
One Advisor's Experience With A Dual Fee Structure Is Simply That: One Advisor's Experience
- Details Category: Practice Management
The emergence of multiple fee structures happened enough years ago that some advisors are weighing in on their experiences with it. The first reviews are not so good. The idea sounded great at the time and these advisors even had great success explaining it to their clients and getting their clients to buy in. So what happened? Should you throw the whole idea out based on this one report?
No Place For Old Advisors And Old Clients? Not Really. Internet Offers Great Lectures For Free
- Details Category: Practice Management
Forget CNBC and Fox Business News. If you’re not watching the videos on TEDTalks, or @Google Talks, or even the Kahn Academy, then you, your staff, and your clients are missing out.
Improving Practice Management And Business Value Should Be Based On Advisor Needs
- Details Category: Practice Management
There’s a lot of talk about building excellent practices and improving practice management. But who defines excellence and how do you vet programs that claim to improve practice management skills? The Investment Advisor Group and ActiFi found those questions can best be answered by asking advisors what they need. They also talked to other professionals who interact with advisors to find out where the dollars are being spent in improving practice management.
More Articles ...
- Don’t Forget to Acknowledge Memorial Day With Clients
- Human Resources Concerns Rival Advisors' Concerns About The Economy, Markets, And Regulation
- Knowing When To Fire Clients Can Help You Build Client Loyalty At A Higher Level
- Trying To Make Sense Of The Fall Of Mark Spangler; A Lesson In Ethics And Human Fallibility
