Although there are still some hoping the litigation against the DOL will result in a suspension of the rule or an outright repeal by a newly elected administration, it has been my experience that most have accepted the new regulation since it conditionally protects the sale of commissionable products. However, favorable opinion has not resulted in much action on the part of financial institutions to implement strategies to deal with the new reg.
Although the underlying math is complex, the theory behind Monte Carlo is simple. And thanks to the wonders of modern technology, these projections can now be run in seconds and applied to almost any plan or portfolio.
If you’re looking ahead at the next 5, 10, 20, or even 30 years, take it from me, growing a sustainable business in today’s hyper-competitive environment is a challenging obstacle. But, there’s hope! No matter where you are in the maturity of your business, there are several actions you can take to improve your business and take back meaningful balance in your life.
As the digital world grows and we see the rise of more virtual financial planning tools, clients will no longer search for a planner who is best in their geographic area; instead they will search for the planner who is best able to meet their individual needs.
Just as success means something different to each of us, so does our own perception of happiness. Of course, in order to reach this beautiful balance of “successful happiness,” we have to develop a number of key habits. These habits come from a variety of conversations I’ve had with Fortune 500 CEOs, professional athletes, and even senators throughout my 30+ years in this profession. Imprint them into your advisor DNA and see how quickly you can reach The Sustainable Edge – and a more meaningful purpose.
Modern advisor marketing don’t come easy. It can seem like a daunting task to set a marketing plan in motion for your business, especially if you don’t have much experience with the process. We compiled some resources that you can use to beef up your marketing in a time when it’s never been more important for advisors to stand out from their competition.
A strategically-crafted, unique, and accessible site is essential for any business. The value of your online presence cannot be overstated. Your website is an extension of your brand, speaking to current and potential clients when you are not there. What does it say about your business?
Fall is the time when clients get more serious about their financial plans after a long summer of vacations and leisure. That also means more and more potential clients looking for advisors to get them back on track financially. By ramping up your marketing efforts, you can position yourself as just the right person for the job.