Use this cybersecurity preparedness self-assessment checklist to help determine whether you need to make upgrades, so that you can know exactly what to do and work more effectively with your IT services provider.
The financial advisory landscape is changing. Seasoned advisors are increasingly nearing retirement and many maturing firms have yet to establish, or fill necessary roles, for their long-term growth and longevity. For today's firms, hiring next-gen advisors presents a significant opportunity to drive success.
Connecting with the next generation is a key differentiator for many successful financial professionals. One of the most impactful ways to connect with these prospective clients is by offering value-added products and services to your existing client base, which can benefit multiple generations.
What differentiates your practice from others in terms of client experience? Is it something that you, your staff or your clients can articulate? Are there certain things you want your clients to think, feel and do based on their experience? If not, then you are missing out on what could be a huge opportunity to deepen client relationships and grow your practice.
In recent years, the financial services industry has seen a shift towards hyper-personalization in wealth management. And we have built Unio and Clear1 with personalization in mind. The success we have seen in their adoption, as well as feedback on the value they bring you and your clients, has affirmed our overall strategy.
2022 certainly had its share of ups and downs — a 20% drop in the S&P 500, seven rate hikes by the Fed, record unemployment, adjusting to the new normal both personally and professionally and much more. Despite the unpredictable markets and broader economic challenges, we, as a firm in partnership with all of you, accomplished so much.
Have you ever watched the relay races during the Olympics? The most nail-biting moment of the whole spectacle is the baton pass. The slightest fumble and the leading team could drop to the last spot within fractions of a second. As financial professionals, our industry is at a similar juncture today, only with higher stakes. We're witnessing the most significant baton pass in history — an $84 trillion wealth transfer.
We all know that $84 trillion will transition to the next generation of clients and charities over the next 20-30 years. But what does that mean at the end of the day for you and your practice?
