Enjoy the latest installment of Weekend Reading for Financial Planners. This week’s issue begins with news that banks are able to attract a younger and more diverse set of financial advisors than other industries. A built-in referral stream, relative lack of independence, and outdated technology may make some advisors consider the option of an independent RIA.
Industry news of the week:
- Consumer concerns about banking industry stability may give independent advisors the opportunity to add value by managing their clients’ cash
- Why an adviser’s fiduciary duty may conflict with the best insurance choice for a client
From there, here are some articles on marketing.
- While many companies have grown over the past few years thanks to market performance and M&A, a recent study found that the average RIA has had negative organic growth over the past five years.
- How can business owners develop a “business development culture” across their companies?
- The difference between customer referrals and word-of-mouth marketing, and how advisors can leverage each to attract prospects
There are many articles about retirement.
- How Retirees (and Their Advisors) Use “Mastermind” Groups to Learn from and Build Community with Their Colleagues
- From trying to impress others to prioritizing one’s career over other interests, research into what people tend to care less about as they age
- How the choice of where to live after retirement affects the lifespan of retirees
Finally, we conclude with three articles on creativity.
- How the Most Effective Companies Encourage Innovative Ideas in Their Employees
- Why Better Sleep Is The Ultimate ‘Hack’ To Boost Your Productivity And Creativity
- Why persistence is the key to turning good ideas into great ideas
Enjoy your “light” reading!
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