As a firm grows so do the sources of a Financial Advisor’s E&O liability, and often the risk is created by changes in regulations forced upon them.  The IRS’s recently changed Required Minimum Distributions (RMDs)rules have resulted in a recent surge in articles, (such as these)  highlighting the complexities and forcing financial advisors to spend […]

IRS 2024 Contribution Limits Released. The Internal Revenue has released the 2024 contribution limits for qualified plans.  Notice 2023-75 contains the full text. You may also download our print and post summary. 2024IRSLimits   The Employee Training and Development Partner for Independent Financial Advisory Firms [wpforms id

Experience or Skills, which should you focus on when hiring? In the world of financial advisory firms, the conventional wisdom has often been to seek applicants with extensive industry experience. However, it’s time to challenge this age-old notion and consider a new perspective. Instead of placing the sole emphasis on industry experience, financial advisory firms

Imagine one of your top clients unexpectedly visits your office during your vacation in Fiji, questioning their financial statements. This situation prompts two key questions:  How does your staff handle the inquiry? This question reflects your confidence in your team’s capabilities. Are they equipped to effectively address an unplanned interaction with a crucial client? Will

Treat your employees like you treat your clients…maybe better There has been extensive discourse surrounding the importance of advisors making their clients feel valued, confident, and engaged. However, what often escapes the attention of many advisors is the equal significance of cultivating a workforce culture of value. When employees feel valued, they not only perform

In the world of financial advisory firms, a securities license is often seen as a ticket to success for a Client Service Associate, but it shouldn’t be mistaken for a successful employee training plan. While it’s an important credential for client facing staff, it’s crucial to understand that holding a securities license alone does not

Boosting Success: The Benefits of Outsourcing Employee Training for Independent Financial Advisors In the competitive world of financial services, staying ahead requires continuous learning and skill development. For small independent financial advisors, outsourcing employee training might just be the strategic move that propels your business to new heights. In this article, we’ll explore why outsourcing