Independence has both benefits and costs. Here are some factors to consider
Advisors will continue to have an important role in an increasingly technology-dependent world. The job will be to engage clients in determining the best courses of action to meet their goals
Gathering your team in new surroundings can help generate new ideas
Financial advisors could learn valuable lessons from American Express - on attracting, retaining and communicating with clients - in this increasingly competitive environment. Speed and innovation are key
Focus on your clients’ needs rather than what you have to offer
You must know your competitors, the products and services they offer and how you stack up against them in assessing your growth potential
Many advisors have noted that making the transition from building an initial client base to taking their book to the next level can be difficult. Successful advisors tell how they have made that shift
Although some sources of stress are just beyond your control, there are steps you can take to curb your overall stress levels
If you plan to go offline during your vacation time, take steps to ensure clients’ needs are met in your absence
Use summer down-time to assess your progress and adjust your yearly plan, if necessary