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Outsourcing (Parts Of) The Financial Plan Preparation Process To Boost Solo Advisor Capacity

Nerd's Eye View

a client service associate to handle various administrative and client communication tasks, or a paraplanner or associate advisor to work on more planning-centric issues such as building out drafts of financial plans). For these advisors, an alternative approach would be to outsource the tasks they want to remove from their plates.

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Weekend Reading For Financial Planners (April 13-14)

Nerd's Eye View

Also in industry news this week: A recent study indicates that advisors charging clients on a monthly subscription basis hiked their fees by an average of 6% in 2023, raising the salience of how advisors can most effectively communicate fee increases to clients A survey suggests that while financial advisors are increasingly aware of Artificial Intelligence (..)

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#FA Success Ep 333: Scaling A Small-Business-Owner Boutique To A $31M Retainer-Based Valuation, With Jim Dew

Nerd's Eye View

Jim describes how he and his firm provide what he calls a 'time energy shield' for their busy business-owner clients by helping them find the right professionals they may need, managing the projects with their professionals, and even fielding the inevitable business pitches that come at their clients, and why Jim and his firm use Monday.com instead (..)

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The Mysteries of UBS: Deciphering What Drives its Wins and Losses

Diamond Consultants

The firm functions like a bureaucracy with layers of administration: managing to the lowest common denominator and operating without openly communicating with the field. Advisors see capital as being diverted from providing necessary support to the existing advisor community in favor of growth via recruiting.

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Top IT Stocks With High FII Holdings To Add To Your Watchlist

Trade Brains

The Company caters to areas of Aerospace and Defense, Automotive, Communication, Power Generation, Energy, Geospatial, Heavy Industries, Oil and gas, semiconductors, and a lot more. The Company earns most of its revenue from the Financial Services and insurance industries (29.8%), followed by Retail (14.5%) and Communication (12.3%).

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: Atlassian plans to lay off 5% of workers

MarketWatch

In a blog post, co-founders and co-Chief Executives Mike Cannon-Brookes and Scott Farquhar said that the cuts will be focused on recruiting, program management and research, and that savings will be reinvested in other areas of the company. This is not what is happening here.”

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Understanding the Role and Qualifications of a Financial Advisor

International College of Financial Planning

Skills in communication and client relations are crucial, as they enable advisors to effectively understand and meet client needs. Additionally, ICOFP provides students with essential soft skills training, including client communication and ethical decision-making.