Practice

Controlling the chaos: How to create a weekly schedule that works for you

(November 2004) If you are like many Canadian advisors, year-end tax planning with clients and the onslaught of RRSP season can have a significant impact on an already time-constrained schedule. “What to do next?” you may ask yourself, overwhelmed sby the list of tasks you need to accomplish, feeling more reactive than proactive. The key […]

By Joanne Ferguson |November 2, 2004

3 min read

Planning and Advice

True Wealth: Working for the family

(October 2004) As wealth grows, so does complexity. This is especially true of those who have crossed the threshold from high net worth ($1 million or more) to ultra high net worth ($10 million or more). One way for ultra-high-net-worth (UHNW) families to manage this increasing complexity is to build a private investment firm or […]

By Thane Stenner |October 22, 2004

5 min read

Technology

Time-saving tip: How to develop a first-rate filing system

(October 2004) Being on the frontlines, training and coaching advisors and their teams across the country, I am not surprised that the ADVISOR Group’s recent Annual Dollars & Sense Survey found that the number one day-to-day challenge faced by advisors is “paperwork/administrative.” The paperwork/administrative challenge is probably unavoidable due to today’s environment of increased compliance […]

By Joanne Ferguson |October 6, 2004

2 min read

Planning and Advice

Learn to study, study to learn: Tips to improve your exam preparation process

Knowledge: The basic memorization of facts, formulas and figures. Comprehension/application: The application of a formula given a set of prevailing circumstances. Analysis/synthesis: The drawing of conclusions from the application of the information (for example, is a security overvalued or undervalued?). Evaluation: The candidate must voice his or her own opinion and recommend a course of […]

By Brian Y. Gordon |October 1, 2004

3 min read

Five marketing lessons learned from nine foggy doors

(September 2004) Lessons in marketing abound in every aspect of life. I’m living proof that even something as mundane as a door can lead the way to marketing enlightenment. I recently needed to replace the sliding glass doors in our Annapolis, Md., home because they were fogging up in certain kinds of weather. Who would […]

By Martin R. Baird |September 23, 2004

4 min read

Careful timing: Take it slow and steady with prospects

(July 2004) How many meetings should you plan to have with a prospect before asking them to do business with you? Traditional sales training taught advisors to ask for the sale from the very first call, using a litany of trial closes and sales techniques. Today, asking for the sale prematurely is worse than waiting […]

3 min read

Eight ways to get the most from your suppliers

(July 2004) As most business people will tell you, there is no such thing as a free lunch — the person doing the paying is looking for business from the person doing the eating. This old adage, however true, is a bit trickier to apply to the financial services industry. Free lunches are sponsored so […]

3 min read

Taming time (Part 1 of 2): How to prospect and generate referrals efficiently

(July 2004) Top advisors and their team members say that finding time to prospect and generate referrals is one of their biggest challenges. Those who are successful have developed a process to follow which ensures they are maximizing their resources and receiving all the new assets possible. Here are a few “big picture” thoughts and […]

2 min read

Taming time (Part 2 of 2): Use this tool to organize and track your prospecting activities

(July 2004) Are you generating a flood of referrals through both alternative and traditional means? To take the next step, use the following worksheet (both customizable and printable) to help you organize and track your prospecting activities on a monthly basis. PRIORITIES FOR MONTH _________________________________________ YEAR _________________________ * Write down who you will contact this […]

1 min read

HNW magnet: Positioning your practice beyond investment advice

What’s the first meeting with you like? What’s the process from there? How much contact will there be throughout the year? Who do they contact with various issues or questions? If you are looking to win over high-end prospects, the wealth management approach is a compelling one. At the very least, it puts you on […]

4 min read