Managing
Exposing Interns And New Hires First Off To The Meat Of The Business Grooms Them Well To Become Associate Advisors
- Details Category: Practice Management
Interns working in advisor offices during the summer typically get fed clerical work and little exposure to the day-to-day world of the advisor industry.
New hires also are often handed clerical work as they begin their careers. But more senior advisors are now including both interns and new hires in client meetings, mentoring them, and including them in the day-to-day activities of the business.
Advisors Coping With Gas Lines, Liquidity Needs, and Lost Homes
- Details Category: Practice Management
Millions of Americans – including advisors and their clients – are still without power in New York, New Jersey and other states in the wake of Hurricane Sandy. But a quick survey reveals that some financial advisors and their clients are seemingly unaffected by the hurricane, while others are finding the post-Sandy days a struggle.
“All fine here in Park Slope,” says Scott Brewster, CFP, MBA, EA, the president of Brewster Financial Planning, who is based in Brooklyn. “I was able to work all week even Monday and Tuesday as I have a home office and the power, electr
Disaster Recovery For RIAs: Lessons (And Photos) From The Surreal Aftermath Of Hurricane Sandy
- Details Category: Practice Management
I'm sitting in a banquet room at a hotel in Queens, just over the border from the disaster-zone that is now Nassau County in Long Island. I have electric power and Internet here and we have rented the banquet room to give our employees a place to work. The banquet room was not part of our disaster plan.
Nassau and Suffolk counties, more commonly known as Long Island, have been devastated by Hurricane Sandy. Ninety percent of the 1.1 million customers of Long Island Power Authority (LIPA) have no power. But in this bizarre post-Sandy world, in Queens County, which is just a 15 minu
Business As Usual: Advisors Brave Hurricane Sandy To Keep Shops, Lines Of Communication Open
- Details Category: Practice Management
Postal service workers have nothing on financial advisors. Indeed, neither rain nor snow nor Hurricane Sandy kept advisers from their appointed rounds today.
“I’m sitting in my office and working because I can,” said Erika Safran, CFP of Safran Wealth Advisors. “It’s almost business as usual, if the day didn’t seem so surreal awaiting the unknown.”
For Advisors In Hurricane Sandy’s Path: Last Minute Tips
- Details Category: Practice Management
With an extended storm expected to trigger the worst flooding in decades across densely-populated areas along the Northeast U.S. coast, owners of advisory firms by now should have spoken with their IT consultant or staff IT manager about what was being done to minimize business disruption from the storm. RIAs by now should have started implementing their disaster recovery plans.
I posted to Advisor Products' blog about precautions taken by my company to protect internal systems and prevent disruption to advisor websites and client portals.
If you are an Advisor Products client, p
