Duane McDonald, ChFC, AIF, RICP

Duane McDonald, ChFC®, AIF®, RICP®, is director, investment consulting services at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. A nine-year veteran of the firm, Duane serves on the frontlines, fielding questions from current advisors that relate to mutual funds, ETFs, asset allocation, Commonwealth-approved advisory platforms—including our Preferred Portfolio Services® program—and overall case design. Duane is an alumnus of UMass Boston.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

Model Portfolios for Investment Management: The Key to Efficiency?

A Guide to Successful Strategic Alliances for Financial Advisors

Co-Marketing Your Strategic Alliance: Tips for Financial Advisors

The How and Why of Strategic Alliances for Financial Advisors

Model Portfolios for Investment Management: The Key to Efficiency?

Posted by Duane McDonald, ChFC, AIF, RICP

August 22, 2018 at 1:30 PM

To grow a successful fee-based practice, efficiency is key. But the more new assets you convert to fees, the more time consuming it becomes to invest and manage them. Many advisors solve for the time dilemma by outsourcing investment management, but many others prefer to have more control over their investment portfolios. If you fall into the latter category, what can you do?

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Topics: Asset Management & Investing

A Guide to Successful Strategic Alliances for Financial Advisors

Posted by Duane McDonald, ChFC, AIF, RICP

February 16, 2016 at 10:00 AM

You know you should be forming strategic alliances—and that these relationships are supposed to help you grow your business. But if you’re like many of your peers, you haven’t yet figured out how to make these alliances worthwhile. How do you get a firm to agree to a partnership? More important, how can you ensure that the “right” referrals occur between firms?

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Topics: Financial Planning

Co-Marketing Your Strategic Alliance: Tips for Financial Advisors

Posted by Duane McDonald, ChFC, AIF, RICP

March 19, 2014 at 1:30 PM

Financial advisors often establish ties with another professional—for example, a CPA or estate attorney—to refer clients to each other, generate leads, and offer more comprehensive services.

Unfortunately, many partners struggle because they don't co-market consistently—or fail to do so in the first place. Don't fall into this trap: once you establish a business partnership, implement strategies to succeed in co-marketing your strategic alliance.

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Topics: Financial Planning

The How and Why of Strategic Alliances for Financial Advisors

Posted by Duane McDonald, ChFC, AIF, RICP

March 18, 2014 at 10:00 AM

It's no secret—strategic alliances for financial advisors can help catalyze business growth.

Uniting with CPAs, attorneys, real estate agents, and other professionals can add value for existing clients by allowing you to offer more comprehensive services, as well as help you generate referrals for new customers. In short, you can tailor these partnerships to form a unique win-win-win relationship.

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Topics: Financial Planning

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