Blog Entries in Practice management

Blog Entries in Practice management

How Some Alternative Funds Producers are Building Infrastructure to Scale Efficiently

By Cynthia Stephens, VP of Marketing, ByAllAccounts on Thursday, September 18th, 2014

Cynthia Stephens, VP of Marketing, ByAllAccounts

In the mid 1980s the costs of mutual fund trades were high. Over the past 25 years through services like Fund/SERV® from The Depository Trust & Clearing Corporation (DTCC), these costs have shrunk dramatically to mere pennies. DTCC’s Ann Bergin thinks the opportunity to increase operational efficiency in the alternative investments space is even better than the mutual fund market transformation...Read More »

Regulators Propose Rule Requiring Succession Plans

Peter McGratty CFA, VP Business Development, Pinnacle Advisor Solutions

You may have vacationed this summer, but your regulators did not! The North American Securities Administrators Association (NASAA) opened a public comment period running from August 1 to September 30th on a rule that would require financial advisors to put a succession plan in place. Some compliance consultants believe this new rule may be on the fast track and could be finalized before year-end...Read More »

Advisors and Not-For-Profit Boards

By Rosemary Smyth, MBA, ACC, Author on Wednesday, September 3rd, 2014

Rosemary Smyth, MBA, ACC, Author

There are many advisors that volunteer, give back to their community and use their skills and talents to become board members for not-for-profits, foundations or endowments. They bring their strong financial background to the table and usually take on the role as of treasurer or part of the finance committee for the charity...Read More »

Do you know ByAllAccounts Aggregation Solution?

Don McHenry, Technical Relationship Manager, ByAllAccounts

Are you already using ByAllAccounts Aggregation Solution? During this webinar, you’ll learn more about Getting Started; Data Connectivity; How we deliver data; Security & Privacy. On Wednesday, September 10th 1:00PM EST, ByAllAccounts will be hosting a webinar on ByAllAccounts Aggregation Solution...Read More »

How Financial Advisors Can Identify New CPA Relationships through Social Media

Amy Sitnick, Senior Marketing Manager, SEI Advisor Network

Yesterday, I was speaking with an advisor who has a pretty awesome LinkedIn profile, and is now interested in proactively using social media for business development. His client base includes working professionals, so naturally, LinkedIn is a great place to begin networking. I suggested he review his clients’ profiles and connections to look for potential introductions and referrals...Read More »

How Advisors Can Make August Their Seventh Inning Stretch

John Anderson, Managing Director, SEI Advisor Network

I grew up in a small Midwestern town, where in August the lawns were browned by the hot sun and the pace was so much slower due to the heat. Here in Philly, most of the city is at the shore (“down the shore,” as they say) during the month. For most of my career, I always planned on August being a slow month...Read More »

Easy Ways to Reframe Rejection

By Rosemary Smyth, MBA, ACC, Author on Tuesday, August 5th, 2014

Rosemary Smyth, MBA, ACC, Author

The financial industry is rife with rejection and some advisors deal with it better than others. How do they deal with it? By building up their emotional strength to handle it and not taking it personally. Indeed, it is possible for advisors to desensitize themselves to rejection and become like Teflon. However, if your days are filled with calls and meetings that are going sideways, it’s a good time to consider what you want to start doing differently so you can get better results...Read More »

Contingency Planning: 3 Steps to Overcome the Obstacles

By Mary Ann Buchanan, CEO, RIA Match on Wednesday, July 30th, 2014

Mary Ann Buchanan, CEO, RIA Match

A contingency plan is the first step in a succession plan. If you can take that first step, you are closer to your goal of safeguarding your clients, your employees, the value of your firm and your families...Read More »

5 Tips for Telling Your Story on Your Advisor Website

By Sara Ruthnum, on Tuesday, July 29th, 2014

Sara Ruthnum,

Your advisor website is your little piece of home on the big old internet. It should be warm and inviting, but should also have a solid and well thought out web strategy behind it...Read More »

6 Tips for Planning a Success Event

By Bill McGuire, Principal, W.M.McGuire, LLC on Tuesday, July 8th, 2014

Bill McGuire, Principal, W.M.McGuire, LLC

In this age of electronic communication and social media, we can sometimes forget the value and importance a face-to-face meeting has in the business development process. In my opinion, events are often times the greatest way to show your appreciation and create needed face time with clients and educate prospects on the benefits of working with firm..Read More »

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