Blogs

10 Effective Strategies to Help Financial Advisors Grow their Book

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Here are ten effective strategies to boost a financial advisor’s brand, client services and increase assets under management. Define and Target a Niche Market: Identify a specific niche market that aligns with your expertise and interests. You can tailor your services to meet their unique needs by focusing on a particular demographic or industry. This […]

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How Can Financial Advisors Attract More Assets From Clients

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Financial advisors can employ various strategies to attract more assets from their clients. Here are some practical approaches: Build Trust and Relationships:  Building solid relationships based on trust is crucial. Advisors should prioritize regular communication, active listening, and demonstrating genuine care for their client’s financial well-being. By establishing trust, advisors can increase client satisfaction and

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Best Fee-Based Custodians?

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There are several reputable fee-based custodians available in the market. The best choice for you will depend on your specific needs and preferences. Here are some of the top fee-based custodians widely recognized in the industry: Charles Schwab Institutional:  Charles Schwab offers a comprehensive custodial platform for independent registered investment advisors (RIAs). They provide various

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5 Things Advisors Don’t Tell Their Clients About

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While financial advisors have a fiduciary duty to act in their client’s best interests and provide transparent and honest advice, there may be some aspects of the financial industry that are not explicitly discussed with clients. Here are a few examples: Compensation Structure: Financial advisors may only sometimes fully disclose the details of their compensation

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8 Ways a Broker-Dealer Can Help Financial Advisors Grow

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A broker-dealer can help a financial advisor grow their business book by implementing several strategies and providing the necessary support. Here are some effective methods: Lead Generation:  The broker-dealer can assist financial advisors in generating leads by providing marketing tools, technology platforms, and lead-generation programs. This may include access to client databases, targeted advertising campaigns,

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10 pieces of advice financial advisors may forget over time:

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Here is the top 10 “Don’ts” for financial advisors “Don’t assume that your clients understand financial jargon. Explain things in simple terms and ensure they fully understand their financial decisions’ implications.” “Don’t let your biases and preferences influence your investment recommendations. Always put your client’s interests first.” “Don’t overlook the importance of a comprehensive financial

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How to Transition to a New Broker-Dealer Successfully

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Here are some steps financial advisors can take to ensure a successful transition Review Contracts and Non-Solicitation Agreements:  Before initiating the transition, thoroughly review your existing employment agreement and any non-solicitation agreements you may have signed with your current broker-dealer. Understand these contracts’ restrictions and obligations to ensure compliance during the transition process. Notify Clients

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Top Wealth Management Solutions for Financial Advisors

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Financial advisors can use several wealth management solutions to grow their asset base. Here are some of the top solutions: Envestnet Envestnet provides a comprehensive suite of wealth management solutions for financial advisors, including access to a wide range of investment options, portfolio management tools, research and analytics, and support for financial planning. Envestnet’s platform

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Time to Move to a RIA Model?

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Financial advisors may choose to move to an independent registered advisory model for several reasons, including:   Increased independence: Independent registered advisors have greater control over their business. Advisors can make decisions that are in the best interest of their clients without being constrained by the policies and procedures of a broker-dealer.   Ability to offer a

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