A Client Advisory Board can be a win-win for clients and advisors when done well. Follow these steps to start a constructive feedback loop and potentially generate valuable client referrals.
Documenting workflows isn’t for the faint of heart. But it is essential for advisors who are serious about creating a sustainable business.
Clearly defined team roles are key to the ongoing success of the business and client experience. It’s not easy though and often involves changes to the advisor’s own role, too.
For advisors attempting to deepen their relationship with women clients and prospects, an event tailored to women may make a big difference.
“The early bird catches the worm” also holds true for advisor succession planning. Be sure to give yourself time to find someone with complementary skills and shared values.
More advisors are facing the succession challenge as they prepare to retire from the industry. Here’s the story of how two advisors tackled it together.