The success of a financial advisory firm is heavily dependent on the ability of it’s team members to build strong relationships and work together.  Relationships, whether with clients or among co-workers, are formed through many interactions between people and are directly affected by emotions (positive and negative).  However, emotions can also become a hinderance to […]

How Unproductive Time at Work Costs Your Business Money As the manager of your firm, you understand that every dollar and every minute counts. What you may not realize is the actual cost of distractions at work. It’s easy to overlook a few idle minutes here and there, but these seemingly insignificant periods can add

Understanding Eisenhower’s Matrix: A Path to Effective Time Management  Managing time efficiently is crucial for personal and professional success. One of the most effective tools for prioritizing tasks and making better decisions about where to focus your energy is Eisenhower’s Matrix.  Eisenhower, the 34th President of the United States, claims to have used this method

Elevating Your Financial Advisory Firm through Continuous Employee Training The world’s most dominant golfer, Scottie Scheffler still works with a swing coach. Despite being at the pinnacle of his career, Scheffler continues to refine his skills, ensuring he remains at the top of his game. This relentless pursuit of excellence through continuous training is not

That’s How We’ve Always Done It-THWADI  6 simple words where innovation, critical thinking and firm growth go to die.  Unfortunately, those words are too often spoken in many businesses. The reason they are so problematic is they represent a culture that promotes the status quo and stifles growth.  It conveys a lack of understanding of

Many firms make these common employee training and development mistakes, is yours one of them? The average cost to recruit and train a new employee is nearly $4,700, according to a recent study by SHRM. This does not account for potential loss of client trust and confidence in your organization due to high employee turnover.

 May 21st, 2024 – Advisory Education Partners (AEP℠) proudly announces its strategic partnership with Nifty Advisor Support, a pioneering provider of talent solutions for independent financial advisors. Together, they aim to redefine employee training and development within the financial advisory sector. Nifty’s mission is to foster an inclusive environment for learning, collaboration, and growth within

Enhancing Client Retention in Financial Advisory Firms: A Strategic Overview   As an Advisor or Financial Advisory firm you may generally employ 2 common strategies to retain clients, but if you are independent, one approach stands out as most effective. Let’s first look at the two approaches and then discuss steps you should be taking

For the 4th year in a row,  the IRS has waived RMD’s for inherited IRAs subject to the 10 year rule.  The waiver applies to those inherited IRA’s established as a result of IRA owners who passed away 1/1/2020 which are subject to the 10 year rule. IRS Notice 2024-35 can be found here The

Growing firms often face the dilemma of nurturing talent internally or hiring externally. External hires, a tempting quick solution to increasing capacity needs, often results in cultural mismatches and unexpected training needs. Furthermore, when hiring experienced employees you are paying a premium in the form of higher compensation, usually with the hope they are able to