Are You Building Trust with Your Clients?
Any time you are dealing with someone’s money, that relationship needs to be built on trust. There’s no shortage of bad actors in the financial industry, and everyone has a horror story, which can make it harder for those of us in financial services to gain the trust of our prospective clients. Fintech can help […]
Can Owning Your Own Financial Services Firm Make You More Ethical?
There are a lot of reasons people decide to leave corporate and break out on their own. One of the most common reasons, regardless of industry, is the fact that the corporate world tends to reduce everything and everyone to numbers on a balance sheet. How much revenue is this person bringing in? How much […]
Monthly Market Update for January: Geopolitics, the Fed, and Precious Metals
The start of the year was positive for stocks and bonds, continuing the rally from recent years. This might be surprising to some investors since there were several periods of volatility driven by geopolitics and Federal Reserve policy. While headlines created short-term swings, including the S&P 500’s worst day since last October, markets rebounded quickly. […]
How to Find Up-and-Coming Talent for Your Financial Services Firm
In our most recent blog post, we talked about how to attract and retain top talent for your financial services firm. One tip we kept just for our newsletter subscribers is to focus on attracting up-and-coming talent when you need to hire a new team member. The recent graduates who have their degree, but still […]
Is It Time to Sell My Financial Services Firm?
Determining when to sell your financial services firm is a lot like determining whether it’s time to sell your house. You need to take into account what the market is doing, what buyers are looking for, and whether you’re ready to buy. Unlike selling your house, you don’t normally replace your financial services firm with […]
Innovative Growth: How Keeping Up with Changes in the Financial Industry Gives You an Edge
There’s an ancient saying that a rolling stone gathers no moss, but that’s exactly what a lot of larger financial firms have become: old, worn-down rocks that have become fixed in place and covered in moss. They keep doing the same old things and expecting them to work, despite how much the industry has changed […]
Monthly Market Update for October
The stock market continued its strong performance in October despite uncertainty from a government shutdown and renewed trade tensions with China early in the month. Many major indices reached new all-time highs after recovering from a brief period of volatility. Bonds also contributed positively to portfolios as interest rates declined, fueled partly by the Federal […]
How to Choose a Mentor
There’s a saying, “You don’t know what you don’t know.” No one recognizes this fact more than business owners. It seems like every day we’re being asked questions we don’t know the answers to, and faced with problems we have no idea how to solve. A mentor can guide you through the ups and downs […]
Are You a Financial Advisor or a Manager? 3 Signs to Watch Out For
You started your business so you could spend more time with your clients, but as your business has grown, you have found yourself spending more and more time managing your team. It’s a common pitfall of growing your business. At a certain point, you spend more time managing your team than you do serving your […]
Is Your Team Supporting You? Or Are You Supporting Your Team?
As your business grew, you hired people to help you grow your business. Whether it was administrative tasks, bookkeeping, or even helping you with client work, you needed someone to help you check things off your ever-growing to-do list. But hiring new employees means training those employees. Checking their work to make sure the […]
