5 Mistakes Teams Make and What You Can Do About It
Managing a team is an important part of an advisor's growing practice. As an individual advisor's practice becomes more successful and complex, eventually a team structure becomes necessary.
"With every additional team member, the challenge of managing complexity and achieving efficiency grows exponentially," said Kenneth Haman, managing director of The Advisor Institute of AllianceBernstein, during a presentation at the Schwab Impact 2012 conference in Chicago.
Here are 5 common mistakes advisors face as their firms grow, as well as tips on how to avoid them.
Source: Kenneth Haman, managing director of The Advisor Institute of AllianceBernstein