Information, ideas, tips…the articles for professional advisers which I spotted this week that generate fresh thinking or a deeper understanding of issues are provided here as a quick readers digest for professionals who are looking ahead.
These are the highlights from the week that you should stop and read, as they are the best I’ve seen.
There is so much good information for professional services made available each week, much of which I share, that it is very easy to forget to pause and reflect.
Each week I select the best handful and give them Tony’s BIG Ticks as being the ones that made me pause and reflect, or think further. They are sometimes thought-provoking, perhaps insightful, maybe a great sales or marketing idea or sometimes just incredibly topical.
Great article considering how investment strategy and portfolio construction may have to change with the significant shift in demographics that is looming…
“…as we stand on the brink of the biggest intergenerational wealth transfer in history, advisers are presented with an unprecedented opportunity to future proof their business. Those advisers making a concerted effort to build long-lasting relationships with the children and heirs of existing clients stand to reap rich rewards in terms of retaining assets and gaining new clients...”
“firms want to drive innovation to help advisors, simply having the right platform will not always yield the desired result. The critical next step is to encourage technology adoption and long-term advisor use. Let’s explore a few methods home offices can consider to support advisors on their journey to adoption, and ultimately utilization...”
Beyond making the point about considering what strings might be attached when a suitor wants to invest in ownership of your practice, this article suggests “5 points of compatibility” to look for as well…
Excellent article for anyone thinking about succcession of an advisory business….even if succession is not an immediate objective.