Mercer Advisors’ Post

How do elite wealth managers find their impressive levels of success—and how can you harness their strategies? This framework can help you implement world-class business tactics in your own practice.

How do elite wealth managers find their impressive levels of success—and how can you harness their strategies? This framework can help you implement world-class business tactics in your own practice.

How do elite wealth managers find their impressive levels of success—and how can you harness their strategies? This framework can help you implement world-class business tactics in your own practice.

According to Inc. Magazine, these are the wealth management strategies to follow BEFORE you exit your business. Done right, these really make a difference: https://lnkd.in/gxRWReVG

I had a great time chatting with Charles "Chuck" Failla, CFP® of the Go RIA Platform sponsored by InvestmentNews. I talk to advisors ALL the time around "going RIA". There are so many decisions to make... ➡ What to do? ➡ When to do it? ➡ How (exactly) to go independent? ➡ Who do I need to talk to? ➡ What's involved in going independent? ➡ How will I build my firm? ➡ Who do I need on my team? ➡ How will I get clients? ➡ And other questions that come up... Between our expertise and community, we help our clients navigate this important decision and once it’s made, how do you then "STAY RIA" for the long haul with systems and infrastructure that builds profitability? You aren't making this decision in haste, so you should also think about how to stay in the game and build the strongest platform to reach your goals. We have a fast network of experts who can help you answer these questions. DM me if you need help with your journey. A few people you should know! ⭐ Cory Roberson (Founder, FIN Compliance: Compliance Solutions for FAs and other Fintechs) ⭐ Darci Smith, MBA (Founder, Roklyn Consulting: Recruiting and talent resources for FAs and Wealth Management Teams) ⭐ Arielle Minicozzi, CFP® (Founder, Sphynx Automation: When you want to automate aspects of your service delivery) It's one thing to GO RIA...it's another to STAY RIA. We work with our clients as they Start, Grow and Scale. Atlas Park Consulting https://lnkd.in/gsU229J6

Great Q&A with Bruce K Lee ! Only when #FULLY independent: “Alignment of Interests: True alignment between an advisor and their client goes beyond conventional service provision; it’s about having skin in the game. This alignment is achieved when the advisor invests alongside the client, eschewing traditional fee structures in favor of a partnership model where both parties share in the risks and rewards. Such a model demolishes the outdated notion of one-sided benefit – where the firm profits regardless of the client’s success. Instead, it fosters a shared journey towards financial growth where successes and setbacks are collectively experienced, reinforcing trust and commitment.” Keebeck Wealth Management Keebeck Cognitive Partners

Harold Evensky and Stephen M. Horan's 'The New Wealth Management' is a comprehensive and invaluable resource for financial advisors seeking to navigate the complexities of modern wealth management. From investment strategies to estate planning, this book covers every facet of managing client assets with clarity and depth. What sets it apart is its practical approach, offering actionable insights and real-world examples that advisors can immediately apply in their practice.  Whether you're a seasoned professional or just starting out in the field, Evensky and Horan's expertise provides invaluable guidance on how to effectively manage and grow your clients' wealth. One of the book's standout features is its emphasis on client-centric solutions. Evensky and Horan stress the importance of understanding clients' unique needs and goals, and provide strategies for tailoring wealth management plans to meet those objectives. This client-focused approach sets a new standard for excellence in the industry, empowering advisors to deliver personalized service and build long-lasting relationships with their clients. Overall, 'The New Wealth Management' is a must-read for financial advisors looking to stay ahead in an ever-changing landscape. With its practical advice, real-world examples, and emphasis on client-centric solutions, it's a valuable resource that will help advisors enhance their skills and provide exceptional service to their clients for years to come. #WealthManagement #FinancialAdvisors #InvestmentStrategies #EstatePlanning #TaxManagement

This week Evergreen's Sage Swanson, walks us through the recipe of being a successful do it yourself investor. She explains while it is beneficial to any business to onboard more clients, people who are legitimately equipped to do it themselves can have success managing their own portfolio. The majority of investors choosing the do-it-yourself (DIY) approach, however, are missing some key components to create that long-term success. Read more here: https://ow.ly/WBZN50TgWNL

My partner Mark Korona and I have helped several business owners navigate their exit planning strategy. Reach out to Mark or myself to let us know how we can help you.