Published January 24, 2018
Where do you turn when you have a question or need to do some research? Online content presents an easily accessible opportunity for development and growth. Private Advisor Group is dedicated to helping financial advisors in all areas of practice management, from navigating a complex regulatory environment to effectively serving clients. As part of that commitment, we regularly publish a blog covering all of these topics in depth, providing context and direction for advisors who want to take action. These are the top five blog entries from 2017, according to the most page views on our website.
Advisors Guide to Changing Broker-Dealers
Are you looking to make a change in your broker-dealer? This doesn’t have to be an overwhelming process, but it is a significant move that can have an impact on the future of your success as a financial advisor. Starting ahead of your resignation day, you can prepare for an effective, smooth transition. Our guide will walk you through the process and outline all the steps you should take to manage this transition from A to Z. The most important thing to remember? Communication! Reach out to your clients and keep them informed throughout the process. Read the full guide here.
Top 3 Things Advisors Can Do to Prepare for Going Independent
Choosing to go independent is a serious career transition. Advisors go down this path for a variety of reasons including economic advantages and the ability to provide the best level of service for clients. Of course, you want to follow the Broker Protocol if you are leaving a wirehouse and avoid any kind of legal ramifications. Charlie Latimer, our Director of National Recruiting will walk you through these three things to execute a transition strategy with confidence.
The Case for Joining an RIA Part 2
When considering going independent, financial advisors really have only three options. You can opt to join an independent broker-dealer, join an existing RIA, or start your own RIA. Joining an existing RIA gives advisors a great deal of flexibility and control. When you start comparing RIA’s, you may not know just what you’re looking for. If you’re going to do your due diligence thoroughly, be sure to take a look under the hood, so to speak, at these outsourced services.
Five Trends that will Shape the Advisory Industry in 2018 and Beyond
Today’s financial advisors cannot afford to be complacent. In order to be successful, we have to be aware of our environment and plan for success. In 2018, independent financial advisors are uniquely positioned for success. There is a dramatic shift under way with 65 million baby boomers preparing to retire and transfer wealth to 85 million Gen X’ers. What an opportunity! These are five trends that will continue to shape the course of the financial services industry in 2018 and beyond. In spite of the rising cost of doing business and the ever-increasing regulatory burdens, it really is one of the most exciting times in history to be a financial advisor.
The Advisors Guide to Growth: Start with a Business Plan
It sounds simple, but advisors who start out with a business plan and execute the plan are far more profitable and efficient than those who lack a plan. Less than 55% of advisors actually have a business plan for their firm! If you echo the sentiments of many other advisors: “not enough time!” or “business plans are complex!” then this blog is for you. A business plan does not have to be a lengthy document; the benefits are in the accountability, and the ability to track and measure success metrics that are important to you and defined.
Do you have a favorite blog you enjoyed reading or an article you referenced throughout 2017? Let us know which one resonates with you; don’t forget to make time for investing in the growth and development of your firm.