The DOL’s new “fiduciary,” conflict of interest rule is just the latest factor shifting the competitive landscape within the advisory industry. Advisors who embrace the necessary changes as a result of the final DOL proposal—by managing four pillars of a sustainable advisory business–are likely to achieve the greatest degree of success in a post-DOL world.
A sneak peek of the latest Financial Professional Outlook survey reveals many advisors don’t expect the proposed DOL Fiduciary Standard to have a large impact on their business. We caution that view.
As you embark on your 2016 annual planning process, focus on strategies that drive toward sustainability and risk management. This approach isn’t necessarily new – but proposed DOL legislation is likely to make it essential.
A growing segment of advisors risks extinction largely because of their comfort with the status quo. What can you do to avoid falling into that trap?
Take the advisor quiz, find out “What kind of advisor are you?” and discover your advisor superpower.
Looking for a strategy to build a client-centric team? Consider following these four steps.
Uber™ has quickly transformed the competitive landscape for traditional taxi cabs. Similar technology-based, disruptive entrants may be changing the status quo for advisors. Are you prepared?