3 Practices of Successful Advisory Firm Leaders

Posted by Angela Sarver

September 17, 2014 at 1:30 PM

Managing and leading a team of employees and staff can be challenging. But it is also one of the most critical roles you perform for your small business. By adopting certain practices of successful advisory firm leaders, you can help bolster productivity and create the company culture that you've always aspired for. Best of all? You can rest assured that these strategies will never go out of style—no matter how markets, regulations, products, and trends may change.

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Topics: Practice Management

How to Recruit and Retain Top Talent

Posted by Angela Sarver

September 16, 2014 at 10:00 AM

When it comes to attracting and hiring talent, the competition is fierce. Large companies draw candidates by offering a broad array of benefits and high salaries. But smaller firms lack the advantage of economies of scale, so it's usually not feasible for them to provide robust benefits or pay above-market value for a position.

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Topics: Practice Management

How to Help Clients Manage and Eliminate Debt

Posted by Kol Birke, CFP

September 10, 2014 at 1:30 PM

Debt can be one element of a healthy financial plan. Carrying too much, however, can severely restrict one's ability to take advantage of certain financial opportunities. And the interest that accrues on any loan is money that's not available to be invested for other purposes.

When analyzing your clients' debt levels, you may find that some carry so much that it impedes reaching their goals. If this is the case, consider these strategies to help clients manage and eliminate debt.

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Topics: Behavioral Finance

Assess a Client's Debt in 4 Steps

Posted by Kol Birke, CFP

September 9, 2014 at 10:00 AM

Most of your clients carry debt—whether it's from buying a home or financing another large purchase. As long as there is enough income to cover regular debt repayments, debt can be a responsible part of a financial plan. But too much debt can hinder one's ability to amass wealth and meet financial goals. How can you tell how much is too much?

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Topics: Behavioral Finance

6 Bankruptcy Basics Financial Advisors Should Know

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

September 3, 2014 at 1:30 PM

At one time or another in your career as an advisor, you're likely to encounter clients who are thinking about filing for bankruptcy. Although clients must seek an attorney's advice to file, they may well consult you first. For this reason, I've compiled this list of bankruptcy basics financial advisors should consider before advising clients to consult a qualified bankruptcy attorney. 

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Topics: Behavioral Finance

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