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

Growing a Financial Advisory firm requires a systematic approach to talent management. A comprehensive Employee Value Proposition (EVP) centering on four pivotal factors: Material Offerings, Opportunity to Develop and Grow, Connection and Community, and Meaning and Purpose is critical. These elements, essential in attracting and retaining the top talent necessary for your firm’s growth, are

Streamlining Preparation for Financial Advisor Client Review Meetings    Client review meetings are more than periodic updates; they are pivotal for reinforcing client relationships and identifying growth opportunities. Client service associates play a critical role in ensuring these meetings are fruitful. Here’s a streamlined approach to preparing for these key interactions.  1. Defining the Scope

Navigating the Waters of Difficult Client Interactions: Transforming Challenges into Opportunities In the realm of client-facing roles, encountering difficult clients is par for the course. While your natural inclination might be to dodge these challenging interactions, they present a unique opportunity to shine. Difficult clients can serve as a catalyst for showcasing your commitment, skill,