5 Life Lessons I Would’ve Taught My 20-Year-Old Self as an Advisor

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.

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Advisors Servicing Retirement Assets Are Targeted by the SEC

Before the new SEC fiduciary standard is published, advisors with a 401(k) and IRA Rollover practice and those advisors operating as investment managers of QDIAs have become a target for on-site examinations by the SEC’s Office of Compliance Inspections and Exams as part of their ReTIRE (Retirement Targeted Reviews and Examinations Initiatives) program since November 2015.

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DOL Land Grab Will Result in New Fiduciary Rule

More retirement plan assets are leaving retirement plans and moving to IRAs. As a result, the total retirement assets over which the Department of Labor (DOL) exercises control is shrinking at an accelerated rate. Although the DOL has not said so publicly, I suspect the pending new definition of fiduciary is in some way tied to the fact that their client base is shrinking.

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5 Habits of Top Advisors

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.

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