business planning
A Comprehensive Guide to Stepping Up
During times of sudden change or unforeseen shifts, it’s essential that you, as a financial service professional, can keep your focus on your clients. This means having all the tools and support you need to help you step up and out as an industry expert, rather than down or away. Unfortunately, some organizations encourage their…
Read MoreWhy Your Practice Is Not Producing Warm, Engaged Leads (And What You Can Do About It)
Choosing a financial practice or switching from one financial practice to another is a big decision and strategic change that takes a long time for a client to come to terms with making. When clients consider course changes involving the security of their money, they must be one hundred percent confident that they are making…
Read MoreFinancial Advisor Marketing Strategy & The Human Connection
The Ultimate Guide To Building a Human Marketing Strategy That Will Propel and Sustain Your Financial Advisor Practice Advisors often ask “How do I get more leads?!”, when they should be asking “How do I connect with aligned prospects who will become ideal clients and over time become my best referral assets?” Financial Advisor Marketing…
Read MoreCommunicating a Succession Plan
Communicating your Succession Plan Make no mistake, as important as all the other factors are, none of them matter if you don’t execute your succession plan properly. The value of your practice is going to be determined by the ability to retain your staff and clients. Communicating your plan effectively is the key part of…
Read MoreThe Planning Process – Developing Your Succession Plan
Let’s Make a Deal: Types of Successors, Deals, and Structures Developing a succession planning process is one of the biggest and most important aspects of your career. One that requires the same kind of effective planning you utilize on a daily basis for your clients. Once you’ve made the decision to start planning for the…
Read MoreA Step By Step Guide to Building, Managing and Growing an Advisory Practice
Starting and running a financial advisory business can be hard. If you’re like me, it can seem like you spend much more time focusing your attention on the planning and management of your business than you do developing and implementing financial plans for your clients. Is that the reason you became an advisor in the first place? I doubt it. Now, more than ever, we’re forced to wear multiple hats. If some of the daily task of running your business isn’t something you enjoy, rest assured, you’re not alone.
Read MoreBusy Doesn’t Equal Profit – Spend Your Time Efficiently with these 4 Productivity Tips
We only have so many hours in a day to be able to work and spend time with our clients. It’s a very finite measure. Most financial advisors don’t understand the value of their time and they’re busy with activities that may seem productive, but in actuality, provide little in the way of results.You have to know how much your time is worth. And, then you have to be ruthless in cutting out activities that don’t directly lead to revenue commiserate with the value of your time.
Read MoreYou Need a Niche – How to Specialize with Post-CFP Designations
There are a lot of financial advisors in the market. It’s a crowded field. Lately, the Certified Financial Planner (CFP) designation has transitioned from a “nice to have” credential to quickly become the minimum standard for many financial advisors. But, while it’s great to have earned it, having those coveted “CFP” letters is no longer the differentiator that it once was. So, what comes after your CFP? How do you stand out in a field that’s already crowded with talented financial planners?
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