Nerd's Eye View

AUGUST 26, 2024

In this model, the groundwork for change is first established by assessing the situation (e.g., Additionally, those promoting change can be very clear about what the process will entail and how it will be implemented (with the caveat that the plan needs to be flexible to allow for change as conditions evolve).

Communication 69

Communication Concentration Leadership Planning 69

Nerd's Eye View

MARCH 24, 2025

We have provided an onboarding plan template for advisors to download, which breaks up the skills list into two primary categories: 1) client communication skills (e.g., meetings, email communication, and phone calls), and 2) technical skills (e.g., building an initial financial plan). Read More.

Planning 52

Planning Communication Benchmarking Construction 52

Nerd's Eye View

SEPTEMBER 13, 2024

Also in industry news this week: A CFP Board study indicates that financial planners with the certification earn 10% more than other advisors and show very high levels of career satisfaction A Morningstar study has identified 4 main areas where investors find value from their financial advisors, which might not match an advisor's own list of top ways (..)

Compliance 98

Compliance Communication Practice Management Advertising 98

Nerd's Eye View

JANUARY 27, 2023

Also in industry news this week: Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility From there, we have several (..)

Nonprofit 98

Nonprofit Practice Management Advertising Cash Management 98

Nerd's Eye View

JANUARY 12, 2024

Also in industry news this week: The Department of Labor (DoL) this week published a final rule delineating what makes an individual an independent contractor versus a company employee, though it did not provide specific guidance for registered representatives of broker-dealers and other financial professionals who have expressed concern that their (..)

Practice Management 98

Practice Management Budgeting Communication Securities 98

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Strategic Planning 98

Strategic Planning Construction Practice Management Communication 98

CFO News Room

JANUARY 24, 2023

We also talk about how, in addition to her unique succession structure, Jennifer created an operating agreement for her firm (based on the teachings of Philip Palaveev and Mark Tibergien) when she added a partner, that outlines the financial management of their P&L as targeting 40% advisor compensation, 35% overhead expenses, and 25% in profit (..)

Practice Management 130

Practice Management Planning Communication Leverage 130

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Benchmarking 98

Benchmarking Communication Practice Management Securities 98

Nerd's Eye View

APRIL 7, 2023

Also in industry news this week: FINRA has announced that, on the heels of its first enforcement action under the Reg BI rules, it will be ramping up its examinations of broker-dealers for potential violations (after a long period of relative leniency when firms were still determining how best to comply with the rule) A recent study from Ameriprise (..)

Prioritization 98

Prioritization Practice Management Auditing Communication 98

CFO News Room

NOVEMBER 14, 2022

She is the co-founder and President of Journey Strategic Wealth, a Registered Investment Adviser built for advisors seeking independence and full-fledged practice management support. She currently runs a weekly YouTube series called “Practice Management with Penny.”. responsibilities for Tier 2 Associates).

Practice Management 130

Practice Management Planning Leadership Communication 130

Nerd's Eye View

JULY 29, 2024

Most financial advisors strive to provide excellent client care and prioritize a systematic process to maintain regular communication with their clients both on a scheduled (e.g., annual meeting) and an "on demand" basis. Other benefits also manifested from tracking the firm's progress as processes and standards were gradually refined.

Communication 98

Communication Prioritization Healthcare Planning 98

Nerd's Eye View

MARCH 8, 2024

Also in industry news this week: A recent survey has found that a majority of prospective financial planning clients across all age brackets are open to working with a remote advisor, creating opportunities for advisors to grow their businesses and for clients to find the ‘best’ advisor for their needs, regardless of their location A federal (..)

Practice Management 98

Practice Management Risk Management Communication Leverage 98

Nerd's Eye View

OCTOBER 19, 2023

Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche.

Practice Management 98

Practice Management Communication Planning Marketing 98

Nerd's Eye View

JULY 22, 2024

In many respects, the ideal team is composed of people who will self-manage themselves without requiring extra involvement from the firm owner. And even for more seasoned entrepreneurs, the challenges around building a team that can work well together never really stop – they just take on different (and often more complex) forms.

Communication 98

Communication Compliance Practice Management Numbers 98

Nerd's Eye View

JANUARY 24, 2023

We also talk about how, in addition to her unique succession structure, Jennifer created an operating agreement for her firm (based on the teachings of Philip Palaveev and Mark Tibergien) when she added a partner, that outlines the financial management of their P&L as targeting 40% advisor compensation, 35% overhead expenses, and 25% in profit (..)

Practice Management 98

Practice Management Planning Communication Leverage 98

Nerd's Eye View

NOVEMBER 21, 2022

However, by creating a systematic annual process to monitor and update client plans based on seasons, not only can advisors save time and work more efficiently, but they can also communicate the value of ongoing financial planning services to prospects and clients more effectively.

Planning 97

Planning Communication Practice Management Investments 97

CFO News Room

NOVEMBER 21, 2022

However, by creating a systematic annual process to monitor and update client plans based on seasons, not only can advisors save time and work more efficiently, but they can also communicate the value of ongoing financial planning services to prospects and clients more effectively. can be added to their agendas for the meetings.

Planning 130

Planning Communication Concentration Practice Management 130

The Finance Weekly

APRIL 13, 2022

Practice management softwares help create more efficient tax teams by simplifying activities such as assigning tasks, automating workflows, and getting approvals. Pixie and , AccountancyManager are a few of the leaders in accounting practice management softwares. 4) Increase Communication. Conclusion.

Communication 52

Communication Practice Management Budgeting Forecasting 52

PYMNTS

JUNE 19, 2020

And in an interview with Karen Webster, Steven Carter , CEO of online platform TeleVet said that telemedicine has a growing place in the pet care space — chiefly as a means to keep patients and providers in communication about animals’ health, and as a way to keep practices running smoothly.

Healthcare 73

Healthcare Pharmaceutical Communication Practice Management 73

VCFO

JANUARY 11, 2024

Compensation Strategy and Philosophy Best Practices Authored by Jeanine Pollard , Senior People Operations / HR Consultant – vcfo A sound compensation strategy , aligned with a company’s values and market position, is essential for business success. Is your business ready for it?

Valuation 84

Valuation CFO Startups Leverage 84

Nerd's Eye View

SEPTEMBER 11, 2023

a client service associate to handle various administrative and client communication tasks, or a paraplanner or associate advisor to work on more planning-centric issues such as building out drafts of financial plans).

Planning 98

Planning Budgeting Communication Practice Management 98

Nerd's Eye View

NOVEMBER 13, 2023

First, communicating effectively and creating the same level of personal connection over a video call is more difficult than when meeting in person; in other words, there is a decline in what researchers call 'social presence' or the feeling of being present with a real person.

Planning 98

Planning Communication Investments Practice Management 98

CFO News Room

DECEMBER 3, 2022

From there, we have several articles on practice management: The three essential skills firm owners need to build the right team, including why it is important to always be on the lookout for potential employees. Next, it is important for firm owners to hone their management skills (or to add effective ‘people managers’ to the team ).

Communication 130

Communication Investments Planning Marketing 130

Nerd's Eye View

JANUARY 22, 2024

Fortunately, financial advicers can bridge these communication gaps in a few ways, starting with their discovery process. If clients and advisors approach issues with a fundamentally different psychology, then an advisor's 'comprehensive' advice may not address the client's actual problems.

Prioritization 98

Prioritization Risk Management Communication Planning 98

Nerd's Eye View

FEBRUARY 12, 2024

a high five, fist bump, or even a literal pat on the back) doesn't often have a foundational role in most work-based relationships, yet using it to communicate encouragement and appreciation can be valued by some employees. As the 5th language, Appropriate Physical Touch (e.g.,

Communication 98

Communication Practice Management Planning 98

Future CFO

FEBRUARY 23, 2023

Survey highlights Nearly 35% of accountants cite finding the right talent among their three biggest practice management issues over the past year, compared to just 14% of accountants who cited it last year – making finding talent the fastest-rising industry challenge.

Auditing 52

Auditing Accounting Accounting Firms Practice Management 52

CFO News Room

DECEMBER 30, 2022

Each weekday, in our Management Tip of the Day newsletter, HBR offers daily tips to help you better manage your teams — and yourselves — through this period of profound change and uncertainty. Management Tip of the Day. Quick, practical management advice to help you do your job better.

Data Analysis 130

Data Analysis Practice Management Leadership Communication 130

CFO News Room

DECEMBER 17, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase. Bonnie Buol Ruszczyk | InvestmentNews).

Planning 130

Planning Education Investments Benchmarking 130

E78 Partners

SEPTEMBER 10, 2024

This segmentation allows for targeted retention strategies, such as personalized follow-up communication and loyalty programs, which can re-engage patients at risk of attrition. Actionable Insights: To enhance Patient Retention Rate, DSOs should segment their patient base into categories such as New, Active, Inactive, and Lost Patients.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Healthcare Benchmarking Practice Management 52

Nerd's Eye View

AUGUST 19, 2024

Finally, combining the founder's vision, strategy, and economics along with a decision-making process and cadenced schedule of succession check-ins (to foster regular and open communication between G1 and G2) into a written plan that can be updated over time will help ensure that all parties are on the same page when it comes to the structure and timeline (..)

Planning 52

Planning Valuation Leadership Communication 52

E78 Partners

SEPTEMBER 10, 2024

This segmentation allows for targeted retention strategies, such as personalized follow-up communication and loyalty programs, which can re-engage patients at risk of attrition. Actionable Insights: To enhance Patient Retention Rate, DSOs should segment their patient base into categories such as New, Active, Inactive, and Lost Patients.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Healthcare Benchmarking Practice Management 40

CFO News Room

DECEMBER 27, 2022

” So I’m wondering, how do you roll this out and communicate it to existing clients that weren’t getting the service, where you want to say now, “Hey, can we do this for you,” in a way that doesn’t undermine the relationship that was already there? John: That is correct.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Marketing Securities 130

CFO News Room

DECEMBER 20, 2022

” It felt, again, kind of that little bit lower pressure of, “Okay, now I’m comfortable with having some face-to-face communication and helping somebody make decisions to enroll in their 401(k) plan.” And so, it’s essentially a six-person team, then, like founder, practice manager, CSA, two paraplanners, and you?

Education 130

Education Planning Numbers Securities 130

Nerd's Eye View

MARCH 31, 2025

A warm, connection-focused, and communicative interview process not only helps firms stand out to candidates but also improves the quality of their evaluations – ultimately increasing the likelihood of finding the perfect mutual fit!

Leadership 52

Leadership Communication Planning Practice Management 52