5 Tips for Managing Employee Satisfaction in a Diverse Workforce

Posted by Angela Sarver

May 25, 2016 at 1:30 PM

My favorite apple variety is honey crisp. I eat them by cutting them into slices, leaving the skin on. Do you have a different preference? Do you even like apples? And what’s with all this apple talk?

Well, knowing and understanding the needs of a diverse workforce is kind of like knowing that there are different varieties of apples. Every staff member is a person, but he or she is also an individual—a male or female, a member of a particular generation, and someone with different skills, experiences, goals, talents, and perspectives. As a result, each requires a personalized approach in the way you manage, treat, and lead him or her.

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Topics: Practice Management

Building a Great Culture in Your Firm

Posted by Angela Sarver

May 24, 2016 at 10:00 AM

It was an ordinary day at the office when the call came in. A client was ill and had been admitted to the hospital. Unfortunately, this same client was waiting on an important transaction, and his signature was needed on the paperwork. Since the client couldn’t come to them, the staff person who took the call went to the hospital, getting the needed signature.

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Topics: Practice Management

Growing Your Business Through COIs (Beyond CPAs)

Posted by Kristine McManus

May 18, 2016 at 1:30 PM

When you think of strategic alliances or centers of influence (COIs), are CPAs the first professionals who come to mind? If so, you could be limiting opportunities to grow your business.

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Topics: Practice Management

The Importance of Organic Growth for Financial Advisors

Posted by Kristine McManus

May 17, 2016 at 10:00 AM

Growth means something different for every advisor. But one strategy I frequently hear advisors mention is a plan to acquire a practice. Certainly, this is a good long-term strategy, but acquiring a practice very seldom adds any revenue in the short term. Why? For one, the world is full of advisors looking to buy a practice, and there aren’t enough advisors looking to sell. For another, it can take more than a year to find an appropriate advisor to have a conversation with, much less get a sale under way. So, how can you grow in the meantime?

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Topics: Practice Management

Quantitative Review of Retirement Plan Investments: The Criteria Set

Posted by Mathew Powers, CFA, AIF

May 11, 2016 at 1:30 PM

Under ERISA, retirement plan fiduciaries have a duty to ensure that the menu of investment options available to plan participants is prudently selected and monitored over time. To this end, the Department of Labor highly encourages plan fiduciaries to establish an Investment Policy Statement (IPS) to outline the plan’s investment strategy and guide investment decisions. An IPS will typically define the plan’s investment objectives, outline responsibilities for fiduciaries, and define the process for how investment options are to be selected and monitored. One critical component of the IPS process is establishing the criteria set—the set of metrics by which investments are to be quantitatively considered.

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Topics: Retirement Consulting

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