Above all else, my passion in life is efficiency. I go out of my way to memorize keyboard shortcuts and I’ve been using the same color coding system since middle school. That being said, I know it’s natural to feel like taking time to master the small...
Topics: Practice Management
Implementing fee increases can be a considerable challenge for financial advisors. However, since the cost of doing business rises every year, it is important that you also get your clients in the habit of paying an additional percentage each year....
Topics: Practice Management, User Experience
As the end of the year approaches, it may be time to consider adjusting your rate, even if it’s just a small increase for your clients. Maybe you’re ready to add new planning tools to your firm, or maybe you’ve grown drastically and now it’s time to...
Topics: Practice Management
I’m a self-proclaimed raving fan of ‘80s and ‘90s television. Thanks to the modern era, many of the shows I vaguely remember in the background of my childhood have become staples in my household. I laugh as I stream “Cheers”, the ‘80s bar comedy, and...
Topics: Practice Management
Whether serving younger generations through the fee-for-service model is your core business or you’re diving in for the first time, you’ve likely noticed a shift in the industry to include this model as a growing part of financial practices. As this...
Topics: Practice Management
The financial services industry has seen changes over time in how advisors get paid, moving from commissions to assets under management (AUM) to the recent shift toward fee-for-service.
Topics: Practice Management
Efficiency matters, both to you and your clients. Knowing when to maximize efficiency and when to slow down is important in doing your best work, in all aspects of life.
Topics: Practice Management
If you’ve decided to enhance your business by adding the fee-for-service model to your financial advisory firm, congratulations! You are staying up-to-date with the latest industry trends and are taking the initiative to explore new frontiers, which...
Topics: Practice Management
Many advisors have already adopted electronic document signature tools for their practice to some degree, and this has been a huge win for accuracy and convenience when it comes to processing agreements. Chasing paper agreements (and paper checks) can...
Topics: Practice Management, User Experience
