Nerd's Eye View

JUNE 23, 2023

Also in industry news this week: A recent study found that financial advisors get significantly more social media engagement from posts on LinkedIn and Facebook compared to Twitter and highlighted the importance of posting original content for engagement Why RIAs have struggled to find a solid footing in the IPO market From there, we have several articles (..)

Financial Planner 232

Financial Planner Recruitment Compliance Financial Advisor 232

Abnormal Returns

JULY 10, 2023

(larrykotlikoff.substack.com) The biz Goldman Sachs ($GS) has snagged another custodian client, NewEdge Wealth. investmentnews.com) Recruiting Why aren't more women becoming advisers? citywire.com) AI implementation in finance requires good data, which big banks have.

Compliance 194

Compliance Recruitment Wealth Advisor Financial Planning 194

Diamond Consultants

SEPTEMBER 12, 2023

Most industry experts could rattle off a laundry list of reasons: more freedom and control, the ability to serve clients better, access to a greater array of products and services, better work-life situation for the advisor and team…the list goes on. The adage “there is no such thing as a free lunch” is true in advisor recruiting.

Recruitment 95

Recruitment Clients Wealth Management Economics 95

Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 231

Financial Planner Fee Only Commission Retirement Planning 231

Wealth Management

JUNE 14, 2023

Nationwide's Kristi Rodriguez looks forward regarding retirement income, next-gen clients and how to recruit diverse talent to the financial services industry.

Retirement 97

Retirement Recruitment Financial Services Clients 97

Nerd's Eye View

MARCH 19, 2024

Meredith is the Founder & CEO of Artisan Financial Strategies, a hybrid advisory firm based in Alpharetta, Georgia, that oversees $77M in assets under management for 120 client households.

Financial Advisor 177

Financial Advisor Recruitment Clients Assets 177

Nerd's Eye View

MAY 16, 2023

In this episode, we talk in-depth about how, despite not implementing an AUM model, Jim’s firm was independently valued at $31 million of enterprise value based on the strength and growth rate of their retainer-based pricing model, how Jim arrived at his retainer-based model that charges $4,000, $6,000, or $10,000 per month to cover the breadth (..)

Valuation 211

Valuation Financial Advisor Financial Planning Recruitment 211

Nerd's Eye View

DECEMBER 9, 2022

Recruitment has become the top concern for RIAs, according to a Charles Schwab survey, outpacing client acquisition through referrals and other priorities for the first time in the history of the study. A four-step process that advisors can use to help clients who tend to overspend.

Financial Planner 201

Financial Planner Recruitment Retirement Planning Retirement 201

Diamond Consultants

APRIL 16, 2024

Providing a succession plan whereby the clients can continue to be serviced with little to no interruption or friction. Also, it doesn’t provide any sort of succession plan for your clients, who would presumably be forced to pivot to a new advisor or firm. By “take out,” we mean two distinct but related functions: 1.)

Recruitment 52

Recruitment Retirement Clients Planning 52

Abnormal Returns

NOVEMBER 21, 2022

wealthmanagement.com) Brendan Frazier talks the four pillars of a client discovery meeting. wsj.com) Advisers How to recruit, train and retain next generation advisers. (morningstar.com) Mark Bruno speaks with Brandon Kawal, principal of Advisor Growth Strategies, about the challenge of attracting talent.

Asset Allocation 144

Asset Allocation Financial Planner Recruitment Financial Advising 144

eMoney Advisor

FEBRUARY 23, 2023

Leveraging a referral network is a powerful way for financial professionals to generate leads, gain new clients, and build a positive professional reputation. Along with your current client base, there are numerous professionals who come into contact with people who fit your ideal client profile.

Financial Planner 118

Financial Planner Recruitment Clients Financial Advisor 118

Harness Wealth

AUGUST 17, 2023

Whether you’re a senior manager, partner, or at an earlier stage in your accounting career, understanding the intricacies of transitioning existing clients, as well as recruiting and retaining new clients, is paramount to your long-term success. Can You Take Clients With You When Leaving a Tax Firm?

Taxes 52

Taxes Clients Ethics Accounting 52

Nerd's Eye View

JULY 25, 2023

In this episode, we talk in-depth about how Rita experienced the evolution of broker-dealer platforms throughout her decades-long career where the technology and compliance, that was once the core of what Super-OSJs provided, is now increasingly supplanted by more in-depth services to support their advisors, how Rita has grown and scaled her platform (..)

Financial Advisor 245

Financial Advisor Compliance Recruitment Insurance 245

Nerd's Eye View

APRIL 4, 2023

Marc is the Founder of Fairhaven Wealth Management, an independent RIA based in Wheaton, Illinois, that oversees more than $1 billion in assets under management for 450 client households. My guest on today's podcast is Marc Horner.

Financial Advisor 130

Financial Advisor Marketing Marketing Recruitment 130

Diamond Consultants

AUGUST 23, 2023

This has left many advisors – including top, long-tenured teams – to struggle day-to-day, balancing the desire to serve clients best and grow the business against the challenges they face. Advisors see capital as being diverted from providing necessary support to the existing advisor community in favor of growth via recruiting.

Recruitment 52

Recruitment Wealth Management Clients Communication 52

Nerd's Eye View

JANUARY 17, 2023

What's unique about Matt, though, is how he and his wife have translated the years of hands-on support they’ve provided to independent advisory firms to improve their operations, tech stack, and overall scalability, into creating an entire community for the industry’s Chief Operating Officers – aptly dubbed as PFI’s “COO (..)

Consulting 130

Consulting Recruitment Financial Advisor Financial Planning 130

Million Dollar Round Table (MDRT)

JANUARY 14, 2024

Maybe it’s less wastage within our business, maybe it’s new clients in specific target markets that we’re in. I’m incorporating my trips, my planning and all my continuing education as well as client reviews. What’s our overall objective for our firm?

Recruitment 77

Recruitment Education Clients Planning 77

Diamond Consultants

MARCH 13, 2024

Still, these folks value the turnkey nature of the firms, the vast platforms and resources, global brands their clients are comfortable with, and a like-minded group of peers. The deep pockets of the firms enable them to pay recruiting bonuses at the top of the market.

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

Diamond Consultants

JUNE 1, 2023

And certainly, there are plenty of firms out there that have identified the right combination of exceptional client service, smart recruiting and strategic growth initiatives—making them attractive acquisition targets. But what of the advisor who is an employee of a traditional brokerage firm?

Valuation 98

Valuation Recruitment Retirement Distribution 98

Diamond Consultants

OCTOBER 10, 2023

However, these advisors are simultaneously forgoing massive recruitment bonuses from competing firms and a less labor-intensive transition process. But without growth, it will take many years to offset the “bird in the hand” of a lucrative up-front and back-ended recruitment package.

Math 52

Math Recruitment Consulting Estate Planning 52

Nerd's Eye View

SEPTEMBER 28, 2022

Joe is a Partner and Head of Goldman Sachs Personal Financial Management, a national wealth management firm within Goldman Sachs which oversees more than $100 billion in assets under advisement for tens of thousands of client households.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

Nerd's Eye View

SEPTEMBER 13, 2022

Vest and Financial Network to improve upon or outright establish new advisory platforms within their existing brokerage businesses, and how in three short years, Carolyn built a new training and development platform for LPL’s largest advisors – helping them recruit and retain advisors, create better compensation packages, and even build (..)

Financial Advisor 170

Financial Advisor Financial Services Ethics Recruitment 170

Nerd's Eye View

MARCH 7, 2023

Yonhee is a Principal and the Chief Operating Officer of JMG Financial Group, an independent RIA based in Chicago, Illinois, that oversees nearly $5 billion in assets under management for close to 1,500 client households.

Financial Advisor 130

Financial Advisor Recruitment Clients Financial Services 130

International College of Financial Planning

DECEMBER 23, 2023

These professionals work independently or under the umbrella of financial institutions and are specialized in guiding clients through the intricacies of financial planning and investments. However, the level of expertise among financial advisors may vary significantly, underscoring its importance for potential clients.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Financial Planner 52

Trade Brains

NOVEMBER 26, 2023

Fintuple: It is a new-age startup that offers technology services such as digital client onboarding, eKYC, fund reports, and other digital solutions to AIF & PMS. It Leverages Cloud, Integration, and automation tech that transforms its client businesses into digital and high-growth enterprises. Market Cap (Cr.) 20,557 EPS ₹47.03

Recruitment 102

Recruitment Startup Engineering Education 102

Million Dollar Round Table (MDRT)

OCTOBER 9, 2022

These have helped me gain the trust of new clients and new recruits for my team. Yet, I’ve made great strides in this area. I don’t produce YouTube videos or TikTok content, but I do a few key things that anyone can do.

Media 87

Media Ethics Recruitment Marketing 87

Ballast Advisors

NOVEMBER 29, 2022

But, in some situations, an employer might attempt to impose nondisclosure of client lists or a product development strategy for a longer period of time. . This restriction prevents a former employee from recruiting employees or clients away from a previous employer for a period of time, generally one to two years. .

Recruitment 40

Recruitment Compensation Planning Clients Retirement 40

Diamond Consultants

FEBRUARY 8, 2023

It’s about vetting firms and models through the lens of your business, your clients, and your vision for the future. Many advisors think they hold all the cards in the recruiting process. All recruiting deals have a subjective element, and firm leadership endorsements help ensure the best economics (and experience) possible.

Recruitment 59

Recruitment Clients Economics Investing 59

Diamond Consultants

DECEMBER 19, 2023

If you feel well-served at your current firm, you still have an obligation to your clients and your team to periodically ensure that there isn’t something better. Recruiters have been saying for years that deals are at an all-time high, so I’ll never miss the boat.” But more than that, there is power in conducting due diligence.

Recruitment 52

Recruitment Wealth Management Compliance Clients 52

Diamond Consultants

OCTOBER 18, 2022

Likewise, financial advisors who accept a recruiting deal are signifying the intent to make good on the firm’s investment. It’s no secret that the length of time on recruiting deals structured as forgivable notes has extended over recent years as firms look for ways to offer bigger deals while tying up advisors longer.

Recruitment 59

Recruitment Clients Financial Advisor Investing 59

Brown Advisory

FEBRUARY 15, 2023

Reflections on Stewardship mhannan Wed, 02/15/2023 - 11:54 We think about stewardship broadly—indeed, you will see us use the term “raise the future” to refer to how we view our purpose for our clients, colleagues and communities. To do this well, we must continue to intentionally recruit and elevate colleagues who share these values.

Nonprofit 52

Nonprofit Recruitment Clients Portfolio 52

Harness Wealth

AUGUST 31, 2023

By adding another CPA to your company, you will, of course, be able to serve more clients, but it will also likely result in more administrative tasks. Strengths and Weaknesses: Are you more comfortable with client-facing work or the nitty-gritty of accounting? Your strengths can help you decide which tasks to delegate.

Taxes 59

Taxes Recruitment Accounting Budgeting 59

Nationwide Financial

DECEMBER 8, 2022

These diverse leaders will also discuss an innovative recruiting event recently hosted by FARE, which attracted HBCU students from across the country who envision a future for themselves in financial services. What does it take to attract top diverse talent to your firm?

Recruitment 52

Recruitment Financial Services Certification CFP 52

MarketWatch

JUNE 16, 2023

Separately, the bank said it has recruited 30 team members from the group that originated the venture banking loans in a move that creates venture banking client coverage in Austin, Texas, the San Francisco Bay Area, Boston, southern California, Chicago, Denver, Raleigh/Durham, and Washington, D.C.

Portfolio 40

Portfolio Banking Recruitment Clients 40

Diamond Consultants

MARCH 14, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. Is there red tape that is hindering the advisor and client experience?

Financial Advisor 59

Financial Advisor Recruitment Clients Compliance 59

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. A financial paraplanner is a junior wealth management professional who supports the research, operations, and client service activities of a financial planner. Was this helpful?

Insurance 98

Insurance Fee Only Financial Planner Financial Advisor 98

Diamond Consultants

APRIL 12, 2023

But while the turmoil was ostensibly related to the traditional banking system, it’s clear that advisors (and their clients) have taken notice. And that’s in some part true: Many advisors (and their clients) prefer the safety, stability, familiarity, and brands of the wirehouse world. So what does it all mean?

Banking 52

Banking Wealth Management Recruitment Clients 52