Pros and Cons of Owning Your Own Financial Services Firm
Few things in life are all good or all bad. Ice cream is delicious, but also fattening. Exercise is hard and painful, but it’s easier to justify an extra scoop of ice cream after a hard workout. As with everything else in life, owning your own financial services firm comes with its own list of […]
How to Create a Succession Plan for Your Financial Services Firm
Marcus Aurelius is widely considered a great emperor who also takes a lot of the blame for the fall of Rome. While he did great things for the empire when he was alive, his biggest failure was his succession planning for the empire. Marcus Aurelius was the last of the Five Good Emperors of Rome, […]
The Future of Fintech: What Advisors Need to Know
As we look ahead to the rapidly evolving landscape of financial technology, it’s clear that fintech is not just a buzzword—it’s reshaping the very foundation of financial services. For financial advisors, staying ahead of these trends isn’t just about remaining competitive; it’s about providing the best possible service to clients in an increasingly digital world. […]
How AI is Transforming the Traditional Role of Financial Advisors
The financial advisory landscape is undergoing a profound transformation, driven by artificial intelligence. Far from replacing financial advisors, AI is becoming a powerful ally that enhances our ability to serve clients more effectively and efficiently. Let’s dive into how this technology is reshaping our industry. The Changing Landscape of Financial Advisory Remember when financial planning […]
4 Signs Your Employee Is Ready to Become A Manager
Are you spending more time managing your team than helping your clients? If that’s not what you were looking for when you started your independent financial services firm, there’s one thing that might keep you out of that trap if you have an employee who is ready to step up to the plate and become […]
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 […]
