- Custodian vs. Broker-Dealer: What’s the Difference for Your Firm?
In the world of finance and investment, custodians and broker-dealers play crucial roles in safeguarding and facilitating transactions. Understanding the roles and differences between these entities is important for financial advisors and their clients. While custodians and broker-dealers serve integral functions in the financial industry, they have distinct responsibilities and regulatory obligations. Add new clients… read more…
- How to Build a Client Service Model as a Financial Advisor
The importance of creating an exceptional client service model can’t be underestimated. Attracting clients – and retaining their loyalty – begins and ends with delivering an experience that not only meets but exceeds their expectations. The most effective client service model for financial advisors is one that emphasizes value while encouraging engagement. Here’s a closer… read more…
- Transitioning a Financial Advisor Firm: What to Know
The process of transitioning a financial advisor firm involves moving client relationships and assets, which often define the viability and profitability of the firm. This is done by either buying a book of business or hiring a new financial advisor who is bringing a book of business with them. For advisors, understanding this transition can… read more…
- A Guide to Hiring an Associate Advisor for Your Firm
Are you looking to take your firm to the next level? The right talent can make all the difference, and one such talent is an associate advisor. This crucial player in client relationship management, portfolio analysis and support for financial plans can supercharge your firm’s strategic growth. This guide unpacks each step of the process,… read more…
- How to Build an RIA Tech Stack
Having the right technology can be critical to a registered investment advisor’s success. However, knowing what to include in an RIA tech stack may take some thought and planning to ensure you have the right tools to meet your needs. This guide offers some helpful suggestions on what to include, along with tips for building… read more…
- Creating a Financial Advisor Value Proposition to Help Your Firm Stand Out
A well-crafted value proposition can make a huge difference in helping understand where your financial advisory firm is headed. It sets your financial advisory firm apart from others and helps you identify your unique selling points. Moreover, it succinctly communicates the unique benefits clients can expect from your services, effectively becoming your firm’s secret weapon… read more…
- Top Interview Questions for Financial Advisor Candidates
Once you’ve decided to hire an advisor for your firm, it’s crucial to find a candidate who aligns best with the needs and aspirations of your clients. There are a number of key questions to ask financial advisor candidates to gain insight into whether they would be a good fit for your firm. Answers to… read more…
- Tips for Managing an Effective Financial Advisor Practice
Managing a successful financial advisor practice involves more than crunching numbers and managing investments. It also calls for astute team management, resource optimization, goal setting, key metrics tracking and continuous learning. With the finance sector evolving, technology can also help you streamline your practice management and boost revenue. Follow these tips to manage your practice… read more…
- Financial Advisor Payout Grid Comparison
Shopping around for a new broker-dealer to join? One of the most important things to consider is how much you’ll get paid. Looking at a financial advisor payout grid comparison can give you a better idea of the kind of compensation you can expect to receive from commissions. There are different factors that can affect… read more…
- RIA Aggregator Options to Consider
In the registered investment advisor space, aggregators are companies that acquire smaller businesses and operate them with the end goal of generating a profit. For instance, an advisor might seek a partnership with an RIA aggregator if they’re ready to leave their broker-dealer behind but aren’t quite ready to run a standalone firm by themselves.… read more…
- RIA Software Solutions for 2025
Software programs can help registered investment advisors (RIAs) and financial advisors run their businesses more efficiently. From tracking and analyzing data to generating reports to financial planning, these programs can help you organize and streamline your operations. If you’re looking to invest in software, it helps to know which RIA software solutions stand out from… read more…
- How to Start a Registered Investment Advisor (RIA) Firm
Starting a registered investment advisor (RIA) firm could be a logical next step in your career if you’re ready to leave your current company behind and strike out on your own. Working as an independent RIA can allow for greater flexibility while putting you in control of your growth trajectory. That being said, it’s not… read more…
- How to Recruit the Right Financial Advisors for Your Firm
When expanding your advisory business is your primary focus, it may be necessary to hire new employees to keep pace with an expected uptick in clients. Recruiting financial advisors can require tapping into your creativity to attract quality candidates, particularly when demand outweighs supply. How do you make your business stand out from the crowd… read more…
- Building an Effective Financial Advisor Team Structure
Whether you work for a larger advisory firm or run your own financial planning business, good team management can be critical to your success. A strong financial advisor team structure can increase productivity and allow the business to run more… read more…
- How to Start a Financial Planning Business
Starting a financial planning business is something you might consider if you have a desire to help individuals or organizations make the most of their money. Financial planners and advisors can offer a broad range of advice or narrow down… read more…
- Ultimate Guide to Financial Advisor Business Plans
Creating a financial advisor business plan can help you map out a clear strategy for reaching your goals. Proper planning is essential, whether you’re establishing a new advisory firm or attempting to scale an existing business. If you’re drafting a… read more…
- 4 Ways Advisor Firms Nurture Leads to Grow Assets Under Management
Growing an advisory firm requires a coherent strategy. A 2023 survey conducted by Janus Henderson Investors and the Financial Planning Association (FPA) examines ways advisor firms can encourage growth. Read on to see the three ways advisor firms nurture leads and… read more…
- Virtual Assistant Services for Financial Advisors
When your advisory business is in growth mode, how you spend your time matters. Focusing on profit-producing activities such as client acquisition and retention is a top priority, but you might find your days being eaten up by time-consuming administrative… read more…
- Succession Planning Tips for Financial Advisors
As a financial advisor, you may dedicate a lot of your time to helping clients create a workable retirement plan. However, it’s also important to consider what your personal exit strategy might look like once you’re ready to retire. Succession… read more…
- How to Buy a Financial Advisor Practice
Buying a financial advisor practice could be a wise investment if you’re interested in scaling an existing business. If the purchase includes a stable client base, that could open the door to an increase in your revenues. Likewise, you might… read more…
- 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients
Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read… read more…
- How to Build a Financial Advisor Practice
Making a name for yourself in the financial advisor space can be a test of your entrepreneurial and creative skills. There’s steady pressure to keep pace with trends and stay up to date on the latest tech innovations. And not… read more…
- Financial Advisors Guide to Choosing a Custodian
A custodian is integral to your advisory firm’s operations as you’ll need a secure place to hold client assets. Working with a quality provider can also help to improve efficiency, which can be instrumental in driving your firm’s success. It’s… read more…
- Choose the Right CRM for Your Advisory Practice
Customer relationship management (CRM) software can be vital to running and scaling your advisory business. The right CRM can make it easier to organize and store data for existing clients while helping to generate new leads. It can also help… read more…
- How to Build a Financial Advisor Website
Having a website for your advisory business matters for remaining visible in a competitive landscape. The best financial advisor websites are the ones that are designed to convert and turn casual visitors into loyal clients. “Having a website as a financial …