Teck Lim

You’re more than halfway through a month of working on your practice. Today, your task is simple -- and hopefully it will renew you for the remaining tips to come.

As your practice expands, you inevitably take on new roles and responsibilities. That doesn’t mean there aren’t any growing pains.

Don’t get caught in the weeds. From managing clients and their assets to hunting for new prospects, it’s easy to get caught up in the “doing” and lose sight of what it takes to run your practice.

If you can’t articulate the value you provide clients, why should anyone else be able to?

You don’t have to go it alone, but finding the right partner is critical.

Most advisors say referrals are the key to growth. So why do so many fail to dedicate the time and resources necessary to generate them?

Clear communications are vital to your client relationships. But repeatedly explaining the same complex topics can be time-consuming -- and allows room for error.

Only two weeks remain in 2012 and the fiscal cliff is still cause for alarm among many investors. And yet, it may not be that bad. One equities expert expects a short term deal to blunt the fiscal pain, coupled with an agreement to come back next year to deal with tax and entitlement reform.

While the retirement outlook may not be bright for many pre-retirees, those who worked with advisors were twice as likely to have accomplished at least some planning activities, according to the study.

Beverly Hills Financial Planners, Informative Financial Services, and Ranker-Hanshaw Wealth Management are the newest firms to join Royal Alliance, which has nearly 2,000 affiliated independent financial advisors.

LPL Financial, the nation’s largest independent broker-dealer, announced Monday that Legacy Financial Planning has transitioned to its broker-dealer platform.

The new platform will allow advisors to spend less time managing regulatory and compliance issues, and more time growing their businesses.

The Financial Services Institute elected David Stringer, Stephen Chipman, and Dick Lampen to its board for next year.

High-yield dividend stocks may have entered a bubble, and clients and advisors should be aware.

Neuberger Berman hired Brian Layton senior vice president and head of its Boston-based wealth management group.

Investor confidence remained weak in November, with an unchanged Global Investor Index reading of 81.2, according to the State Street Investor Confidence Index released Tuesday.

National Advisors Trust has launched an upgraded version of AdvisorDesk, the firm’s proprietary multi-custodian technology platform.

Lisle Savings Bank, with over $516 million in assets, joins more than 150 other banks and credit unions, and more than 1,100 representatives nationwide also supported by Invest, a subsidiary of the independent broker-dealer network National Planning Holdings.

Despite negative market sentiment due to concerns over the looming Fiscal Cliff, many investors are unprepared for it, according to a recent survey by Nationwide Financial.

Sovereign Investment Group, a Texas independent wealth management firm, announced Wednesday it hired Michael Koletar as a senior vice president of investments for its wealth management team.