Kristen Terpstra

Kristen Terpstra is a practice management consultant, at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. After joining the firm in 2005 as a transition associate, she transferred to Practice Management in 2008 to consult with the firm’s advisors on business issues, including marketing, human resources, succession, operational efficiency, and business planning. Kristen graduated from Connecticut College with a BA in English and completed her master's degree in communication management from Emerson College.

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

Recent Posts

What Makes a Best Place to Work? The Winners Weigh In

Recruit the Right Advisor for Your Firm in 5 Steps

5 Strategies to Maximize Employee Engagement—and Retention

The Secret to Time Management: Understanding What Motivates You

Finding the Balance: How to Delegate Effectively

What Makes a Best Place to Work? The Winners Weigh In

Posted by Kristen Terpstra

November 5, 2019 at 10:00 AM

Leadership. Training and development. Pay and benefits. Corporate communications. Overall engagement. What do these five areas have in common? They make up a big part of creating a best place to work, at least according to InvestmentNews.

To compile its second annual Best Places to Work for Financial Advisers list, InvestmentNews surveyed advisors’ employees on a series of 78 statements, grouped into the five categories noted above. On average, those ranked “the best” scored 13 percent higher on these statements than other respondents.

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Topics: Practice Management

Recruit the Right Advisor for Your Firm in 5 Steps

Posted by Kristen Terpstra

June 18, 2019 at 10:00 AM

Hiring an advisor is similar to acquiring a client: both require you to identify, attract, qualify, interview, close, and assimilate him or her into the practice. While you likely have an ideal client profile that lays out traits (e.g., occupation, net worth, personality) of individuals you most want to work with, I bet you don’t have the same document for an advisor joining your firm. If you’re planning to expand, here’s how to create one and use it to recruit the right advisor for your firm.

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Topics: Practice Management

5 Strategies to Maximize Employee Engagement—and Retention

Posted by Kristen Terpstra

September 26, 2018 at 1:30 PM

With unemployment rates at historic lows, competition is fierce in the marketplace, and employers are at a risk of losing candidates—or even key employees—to competitors offering additional perks and benefits. So, it’s more important than ever for business owners to understand how they can maximize employee engagement and, therefore, retention. The good news is there are a number of small enhancements you can make—ranging from communication to professional development—that can help keep your employees happy in their roles. 

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Topics: Practice Management

The Secret to Time Management: Understanding What Motivates You

Posted by Kristen Terpstra

July 24, 2018 at 10:00 AM

With summer underway and your clients on vacation, you book time to tackle the projects you had set aside during busier months. But when that Monday after a summer weekend arrives, you have to muster up the energy to begin working on the jobs you’ve been putting off. Whether you have a simple list of tasks—such as updating client reports—or a longer-term project—such as rewriting website content—getting started can be a challenge.

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Topics: Practice Management

Finding the Balance: How to Delegate Effectively

Posted by Kristen Terpstra

May 15, 2018 at 10:00 AM

As a business owner, you will eventually reach the point where you can’t handle it all. If you try to do so for too long, your firm’s growth will surely stall. But how do you determine which tasks can and should be delegated to your team?

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Topics: Practice Management

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