The DOL rule’s looming implementation deadlines are triggering survival instincts among many advisors. That instinctive reaction will dictate who will succeed in shifting with the advisory curve.
There’s little doubt that the DOL fiduciary rule is a disruptive industry event. But, Russell Investments’ Tim Noonan believes it is also welcome, global and promising.
Documenting workflows isn’t for the faint of heart. But it is essential for advisors who are serious about creating a sustainable business.
As the implications of the DOL’s fiduciary standards rule begins to sink in, many advisors are wondering “What motivated the DOL to do this?”
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.
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.
Most advisors want to grow their firm – but few have a memorable and easily repeatable unique value proposition to support their prospecting efforts. Nine key words can make a real difference.