Financial advisors constantly seek ways to increase value, create personalized solutions, and secure their client's financial futures. Congress has passed a number of omnibus bills that have significant tax consequences, especially for high-net-worth households. This...
If you’re part of the Financial Advisor Magazine community on LinkedIn, you may have seen this thoughtful, recently posed question:What this informal poll suggests is that storytelling is crucial for financial advisors to communicate effectively with prospective...
Being a financial advisor is one of the most rewarding career paths out there, regardless of whether you work for an employer or yourself. In this role, you have the opportunity to work with clients who respect your wisdom and guidance. If you’ve been an employee at...
TLDR:Engaging the entire family is crucial for advisors to build trust, retain accounts, and create long-term value. To achieve this, advisors should develop a comprehensive family engagement plan that goes beyond traditional KYC questions. Understanding financial...
One of the toughest parts of running a financial advisory practice is time management. Managing a book of business requires many moving parts. According to a research study conducted by the Kitces team, financial advisors work an average of 43 hours per week,...
Human relationships are the heartbeat of every successful business. There’s a powerful quote about this topic from Hubert Joly, a Harvard Business School faculty member, who was the former CEO of Best Buy. “The heart of business is the idea of pursuing a noble...