Adding people to your team can be daunting, but the benefits of having additional assistance with your business will be worth it if you hire – and train – correctly.
“If advisors are so consumed by clerical administrative tasks and paperwork that they aren’t able to focus on growing their business, they need to consider hiring an assistant,” said Laurie Burkhard, senior business consultant at Securities America
What happens when a succession plan goes right?
Father-son team Bob and Dan Binn of Private Portfolios in San Mateo, California, have been business partners since 2000. Over the years, Bob has received countless calls from other advisors asking for advice on bringing their children into the business.
Three financial advisors discussed what they gained from participating in coaching programs and shared advice for others.
Cammie Sorensen leveraged skills as communicator to build a practice
Christina Orta fueled by a passion for helping others reach their goals
After career change, Andrew Zanowski finds rewarding challenges as an advisor
Nick Vail’s business model makes practice a ‘gym’ for young investors
Regardless of what the future holds for the Department of Labor’s embattled fiduciary rule, it’s clear the industry is facing ever-tightening regulations and the increased cost of compliance. Consequently, more and more small and mid-sized independent broker-dealers are surrendering their costly supervisory and compliance responsibilities and rolling up under independent advisory and brokerage firms as super branches.
The winning mix that helped a young advisor build a growing OSJ group.
