Category Archives: Investing

Wealthies Circle Podcast: Top Strategies to Accelerate Growth in 2023

Finance, Investing, Technology, Wealth Management, WealthManagement.com

Despite excellent top-line revenues across the wealth management space these past few years, without the tailwinds of market gains, the truth is many advisory firms are not growing at the rates they previously were. This has left many firms looking for new ways to turbo-charge their marketing strategies to regain momentum.

Listen in as Brian Nelson, managing director at Atria Wealth Solutions, reveals the top methods and approaches successful advisors are using to accelerate growth: tapping into new markets, leveraging modern digital strategies, pursuing advisor recruiting and deploying the latest marketing automation technologies.



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Wealthies Circle Podcast: A Fiduciary’s Guide to Offering Insurance Services

Finance, Investing, Technology, Wealth Management, WealthManagement.com, ,

There’s a debate around fee-only RIAs who offer insurance and annuities in addition to planning and asset management: Can advisors working on behalf of an insurance company still be considered a true fiduciary? Then again in cases where planning reveals a need for insurance, isn’t it in the client’s best interest to provide them with a holistic approach and solutions that meet their broader financial goals?

Listen in as our panel of industry experts examines the issues—and explores when and why it may make the most sense for financial planners to include advice and insurance services like life disability annuities and property and casualty in their menu of client services.

Our Panelists:

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Wealthies Circle Podcast: When Planners Fail To Plan

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , ,

The wealth industry has a succession planning problem that is coming to fruition as a majority of financial advisors still do not have a formal succession plan in place. This lack of planning is creating issues as many advisors are nearing retirement and need to create an orderly transition of their business employees and clients. 

Listen to this panel discussion where industry leaders discuss the trends, opportunities and concerns for the future of the industry, including how new regulations and the record level of mergers and acquisitions will fundamentally change the makeup of the wealth management space.

Our Panelists:

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Grow Your Brand Without Giving It Up with Carolyn Armitage

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , , , , , ,

More and more financial advisors are outsourcing various aspects of their business, from compliance and HR to asset management and back office work. Finding an ethical company that can provide all this without taking over your brand can be a great option for growth.

In this episode, Davis Janowski is joined by Carolyn Armitage, head of Thrivent Advisor Network. Thrivent has been named one of the world’s most ethical companies 10 years in a row by the Ethisphere Institute. Thrivent provides financial advisors with a partner that they can outsource as much or as little as they need or want—without surrendering their brand.

In this episode, you will learn:

  • The foundation of Thrivent Advisor Network’s position to ‘live generously’
  • What makes Thrivent different from competitors in the industry and is building a platform for the next 100 years
  • How outsourcing certain aspects of administrative functions can benefit advisors at work and in their personal lives
  • The importance of determining your ‘how’ and ‘why’ for growth to achieve independence with impact and success with significance.

Resources: WealthManagement.com | Thrivent Advisor Network | Carolyn Armitage

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Adapting To Change With Fidelity Investments’ Amanda Robinson and Bill Spera

Finance, Investing, Technology, Wealth Management, WealthManagement.com, WealthTech, WealthTech Winners Circle, , , , , , , , ,

The needs and demands of younger generations of clients are changing dramatically, and advisors are going to have to change and evolve with them. And adapting to prospect and client expectations will change how financial advisors market their services as well.

In this episode, Davis Janowski, senior technology editor at WealthManagement.com is joined by Amanda Robinson, director of model portfolios business development and Bill Spera, director of market research at Fidelity Investments. They discuss what Fidelity research has shown are some of the key differences between Gen X, Y and Z expectations as compared to their Boomer forbearers. The firm also discusses some significant recent shifts in outsourcing trends among advisors, from technology to asset management.

In this episode, you will learn:

  • Some of the challenges advisors face in today’s market
  • What different generations are looking for from their advisor
  • How technology changes the way advisors market to and interact with clients
  • How advisors’ views on outsourcing have changed over the last few years.

Resources: WealthManagement.com | Fidelity Investments | Amanda Robinson | Bill Spera

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A Look Into 2022 for Financial Advisors with John Pierce of Cetera

Finance, Investing, Technology, Wealth Management, WealthManagement.com, WealthTech, WealthTech Winners Circle, , , , , , , ,

As we approach the new year, many firms are both taking a look back and leaning into the future and setting plans for 2022. 

In this episode, Davis Janowski, senior technology editor at WealthManagement.com is joined by John Pierce, head of business development at Cetera Financial Group to talk about what his firm is doing on many fronts to both help advisors grow and assist them in their work with clients to establish the best version of their own financial wellbeing. 

In this episode, you will learn:

  • About some of the many challenges Cetera is striving to solve for advisors 
  • Cetera’s focus on a more diverse and female workforce 
  • Three key trends John Pierce sees in the advisor industry 
  • Initiatives and strategic planning steps Cetera will undertake in 2022 
  • How Cetera is advancing technology for advisors 
  • Challenges in the industry and how it is addressing the skillset scarcity within the advisor industry. 

Resources: WealthManagement.com | Cetera.com | John Pierce

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The Tools Of The Trade with Kristi Rodriguez and John Carter

Finance, Investing, Technology, Wealth Management, WealthManagement.com, WealthTech, WealthTech Winners Circle, , , , , ,

A financial advisor’s toolkit should consist of two parts: the tools to build a client’s optimal financial plan and the empathy to relate to the client’s wishes, both in and outside of the office.

In this episode, David Armstrong is joined by Kristi Rodriguez, SVP of Nationwide Retirement Institute and John Carter, president of Nationwide Financial. Kristi and John discuss how advisors can provide additional value to their clients through diverse markets and with a sense of empathy for their needs and wishes.

In this episode, you will learn:

  • The challenges advisors face when it comes to providing optimal value to their clients
  • The importance of focusing on the client’s needs throughout the planning process
  • How bringing new minds to the industry will open up new markets

Resources: WealthManagement.com | Nationwide Retirement Institute | Kristi Rodriguez |  Nationwide Financial | John Carter

 

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The Virtual Connection with Shannon Spotswood

Finance, Investing, Technology, Wealth Management, WealthManagement.com, WealthTech, WealthTech Winners Circle, , , , , , , , ,

The past year and a half has taught us that virtual platforms need to be available for advisors to stay in contact with their clients. How can advisors leverage new technology to create the optimal client experience?

In this episode, David Armstrong is joined by Shannon Spotswood, president of RFG Advisory, a two-time finalists for the non-custodial RIA support platform at the Wealth Management Industry Awards. Shannon discusses how technology changed the way advisors interact with clients and the future of advisory platforms.

In this episode, you will learn:

  • Why RFG Advisory decided, six years ago, to tear the RIA support platform apart and rebuild from the ground up around the needs to the modern financial advisor.
  • What kind of advisor best fits with the RFG Advisory service model, and how advisors on the platform are growing three times faster than the national average.  
  • RFG’s virtual assistant program and other new initiatives for their advisors

Resources: WealthManagement.com | Shannon Spotswood | RFG Advisory

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Succession Planning with Key Family Wealth Management’s Jeff Getty

Finance, Investing, Technology, Wealth Management, WealthManagement.com, WealthTech, WealthTech Winners Circle, , , , , , ,

There are approximately 390,000 businesses in the U.S. with under $100 million in enterprise value, and some 65% of those closely held firms are expected to change hands in the next ten years, passing from baby boomer owners and entrepreneurs to the next generation of owners.

In this episode, David Armstrong is joined by Jeffrey Getty, an advisor for Key Banks Family Wealth Consulting Team and 2021 Industry Award winner for their business advisory services initiative at family offices.

In this episode, you will learn:

  • Common mistakes made by business owners when preparing for succession
  • Why only a handful of these smaller business transactions take place at full market valuations – and why business owners are often OK with that outcome (often, other considerations become more important for owners than getting top dollar.)
  • The importance of laying the groundwork early for business-owner clients to prepare for a succession.
  • The importance of considering family dynamics when planning a client’s business transition. 

Resources: WealthManagement.com | Key Family Wealth Management | LinkedIn: Jeffrey Getty

 

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The Future Of Technology Is Now with Jack Swift

Finance, Investing, Technology, WealthTech, , , , , , , , , , , , , , , , , , ,

Personalization and artificial intelligence are buzzwords advisors are hearing all the time these days but few have real access to either.

In this episode, Wealth Management Senior Technology Editor Davis Janowski  is joined by Jack Swift, senior partner and president of The TIFIN Group. Jack dives into financial technology and artificial intelligence, detailing how the nine business units in the group use machine learning, natural language processing, semantic search and other technologies to provide personalization to financial advisors and their clients.

In this episode, you will learn:

  • How The TIFIN Group’s nine business units and their applications apply emerging technology to provide personalized data about clients and their investments to advisors
  • The benefits of semantic search, machine learning, natural language processing and how data lakes are helping build the future of financial advice.
  • The democratization of AI and what this means for the industry
  • Potential future services of TIFIN
  • And more!

Resources: WealthManagement.com | TIFIN | Jack Swift

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