What Does Cyber Liability Insurance Cover?

Posted by Christopher Roach

April 1, 2020 at 11:00 AM

Stories about data breaches seem to pop up daily. From Macy’s department store to the Marriott hotel chain, “secure” systems across the country have been infiltrated by criminals. Cybersecurity incidents like these may have you thinking about information security best practices to put into place at your firm. Or, perhaps you’ve already taken steps to help protect your clients’ information, which may include cyber liability insurance.

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Topics: Information Security

What Should Clients Read to Learn About Financial Literacy?

Posted by Sarah Hargreaves

March 25, 2020 at 11:00 AM

April is National Financial Literacy Month, a time to focus on establishing and maintaining healthy financial habits. In times of market fluctuation and economic uncertainty, it’s more important than ever for your clients to know how to budget, invest, and plan for the future. Everyone has different goals, but understanding the fundamental concepts at play is a pivotal first step to achieving financial success. 

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Topics: Asset Management & Investing

Zoom, Zoom: Videoconferencing Best Practices

Posted by Mike Bistis

March 20, 2020 at 11:00 AM

The coronavirus pandemic has had many effects on our day-to-day lives, including the need to practice social distancing (i.e., keeping at least six feet between you and those around you). But at a time when markets are volatile and investor fears are rising, it’s more important than ever to keep the lines of communication between you and your clients open. They need you, and you need to be there for them.

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Topics: Technology

Avoiding Advisor Burnout: Tips for Stress Management

Posted by Angela Sarver

March 18, 2020 at 11:00 AM

Given the escalating public health crisis, we're all feeling a great deal of stress as we try to handle new challenges in our personal and professional lives. This is certainly true for advisors, many of whom are undoubtedly overwhelmed with the need to manage clients’ rising concerns—even panic—about the current financial turmoil and drop in their investments. The markets have been fluctuating wildly, and media headlines are stoking fears of a recession. No one can say for sure how the economy will be affected in the coming months, but right now the uncertainty and fears are real.

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Topics: Practice Management

How to Grow Your Advisory Practice: Joining Forces

Posted by Kristine McManus

March 11, 2020 at 11:00 AM

When I speak with advisors about their vision for their practice, the topic of growth frequently comes up. The desire to grow one’s firm seems to be universal at most stages of an advisor’s career. But the best way to achieve momentum—and success—is different for everyone.

To gain insights on growth strategies for financial advisors, Commonwealth held a panel discussion at our National Conference in October 2019. There, a group of top Commonwealth advisors talked about the choices that propelled their success, as well as the opportunities and challenges they faced along the way. Each speaker’s story conveyed the depth of expertise, passion, and humor needed to initiate and maximize business growth.

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Topics: Practice Management

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