Home Financial Advisor The Energy of Studying and Group for Monetary Advisors

The Energy of Studying and Group for Monetary Advisors

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The Energy of Studying and Group for Monetary Advisors


Do you need to remodel your monetary advisory observe? Enhance your understanding of complicated monetary ideas and funding options? Find out about modern instruments that will help you function at scale?

The most effective methods to take action is to attend an trade convention or one supplied by your advisory agency companion. You’ll hear from main thinkers within the monetary providers area, and you’ll get to attach with a group of your friends in a singular social setting. 

Commonwealth believes within the energy of studying and group. We now have a protracted historical past of providing academic—and enjoyable!—conferences to our advisors. And in November 2022, we had been elated to carry our first in-person Nationwide Convention since 2019. Almost 2,000 advisors and their workers, trade companions, and residential workplace workers met in San Diego for 4 days of enterprise updates, inspiring keynotes, informative breakout classes, instructive workshops, and particular occasions.

With a theme to “Discover the Good,” our mission was to rejoice the work our attendees do every day to help their shoppers, colleagues, and communities.

Sharing Our Imaginative and prescient

We at all times have our eye on enhancing the non-public {and professional} lives of our advisor group, and we’re undoubtedly not ones to relaxation on previous success. We come to the Nationwide Convention ready to share main enterprise updates and initiatives with our advisors, to allow them to study every part we’re doing to keep up our independence and help their progress objectives.

This yr, we introduced three main initiatives:

  1. Our purpose of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to profit our advisors

  2. A discount of our platform price pricing, bringing value financial savings to advisors and their shoppers

  3. An growth of our outsourced enterprise options providing, permitting advisors to scale their companies

Inspiring Private Development and Change

After all, no convention could be full with out keynote audio system to please and encourage.

On our predominant stage, sharing insights on private progress, giving again to the group, and paying it ahead, was Earvin “Magic” Johnson, basketball Corridor of Famer, NBA legend, and entrepreneur. He was joined by Laila Ali, four-time undefeated boxing champ, best-selling creator, mom, and spouse, who talked with our personal Peggy Ho, senior vice chairman, basic counsel, and chief danger officer, in an intimate hearth chat.

Attendees additionally heard from Mia Hamm, American soccer icon and two-time Olympic gold medalist and World Cup champion, about main groups and provoking change in a hearth chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and govt vice chairman of communications, public affairs, and coverage at Constancy Investments, chatted with John Rooney, managing principal of our San Diego workplace.

Rounding out this panel was Robert Mazur, the previous DEA agent who infiltrated Pablo Escobar’s Medellín Cartel. He delivered an enthralling and informative true-life account of his expertise throughout our Anti-Cash Laundering session.

Advancing Advisor Data

Monetary advisors have an amazing quantity of experience, however between working a enterprise and caring for shoppers, it may be troublesome to remain on high of the newest merchandise, methods, and instruments. Our deep bench and specialists from the trade companion companies that joined us delivered a complete agenda of classes that aligned with the next three content material pillars:  

  • Evolve: This was all about serving to advisors perceive what they will do now to evolve their observe. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen shopper connections had been a couple of subjects we coated.

  • Develop: Many profitable advisors are centered on rising their companies and their data. Periods included learn how to meet the wants of high-net-worth shoppers, learn how to recruit younger girls to the trade, and learn how to use lead era providers successfully.

  • Circulate: Success typically hinges on with the ability to run an environment friendly observe. We dug into the nuances surrounding complicated merchandise, learn how to leverage Commonwealth’s highly effective know-how platform, and learn how to defend shoppers from cybercrime.

Nurturing Our Group

In keeping with McKinsey & Firm, 66 p.c of Gen Z believes “communities are created by causes and pursuits, not by financial backgrounds or academic ranges.” We agree. It’s why our Group staff, led by Jessica Fougere, senior vice chairman, is concentrated on growing microcommunities of advisors centered on enterprise niches, objectives, or private passions.

Our purpose is two-fold: we need to assist advisors really feel a part of one thing larger than themselves. And we need to enable them to foster and deepen connections by sharing insights and finest practices. By doing so, we assist elevate the skilled and private progress of our group.

The Nationwide Convention was a sandbox for these efforts. We supplied alternatives for various teams—chief working officers, members of household practices, next-gen advisors, and Commonwealth girls advisors—to come back collectively and develop relationships that may keep on lengthy after the convention ends.

Desire a nearer look? View this interactive SlideShare for a glance behind the scenes and find out how inspiration, studying, and group converged at our Nationwide Convention.

The place Will the Future Take You?

Our subsequent Nationwide Convention is already on the calendar for October 11–14, 2023, in Colorado. Will we see you there? Contact us immediately to study whether or not Commonwealth could possibly be the agency companion to energy your observe into the longer term. 



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