Tag: advisor-practice-management

Your Clients Can’t Hear You!

Posted by Jon Robinson on 2/6/20 11:46 AM

Let’s begin with a bold statement: no financial advisor (or asset manager for that matter) has ever been fired for over-communicating with their client. But according to a recent study, a lack of communication is perhaps the easiest way to get replaced. Even the best advisors sometimes forget this. A survey of individual investors reveals that 64% of clients with assets greater than $500K report being contacted “infrequently” or “very infrequently” by their advisor.  As we enter the eleventh year of the longest and best performing bull market in U.S. history, there has never been a better time for a proactive review of your client communication strategy.

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Topics: Advisor Practice Management

Schwab, TD and Occam’s Razor

Posted by Tommy Mayes on 12/19/19 11:39 AM

Word Count - 703

Approximate Reading Time - 3.5 minutes

So much has been written about the consumption of TD Ameritrade by Schwab that we hesitated to say anything on the subject. However, our experience with elite advisors, investment platforms (TAMPS), and larger RIA consolidation firms leads us to the conclusion that this transaction is just the tipping point in the changing world of custody, and that now is the time for advisors to take a strategic look at all their options.

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Topics: Advisor Practice Management, Behavioral Finance, Systematic Investing

Are Only 7% of Advisors Equipped for Portfolio Management?

Posted by Jon Robinson, Tommy Mayes, and Howard Huang on 12/5/19 11:54 AM

A study published in October by Cerulli Associates, a Boston-based research and consulting firm, found that only 7% of financial advisory practices were suited to do their own research and portfolio construction/management. Yet, according to the same study, 62% of advisors are in fact performing these functions on behalf of their clients. We do not necessarily agree with the assertion and prefer to frame this conversation in the context of fiduciary responsibility and best practice.

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Topics: Advisor Practice Management, Transparency

Leading with Gratitude

Posted by Tommy Mayes on 11/20/19 2:39 PM

Word Count - 802 words

Approximate Reading Time - 3 and a half minutes

Recently I answered a few questions for an author working on piece about gratitude in the workplace.  Gratitude has a huge impact on business culture, and I thought the topic was spot on for a blog, especially leading up to this season of gratitude – Thanksgiving. Read on for a few thoughts and observations from the last 50 or so years.

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Topics: Advisor Practice Management, Behavioral Finance

Lessons From a Shoe Dog

Posted by Jon Robinson on 11/7/19 10:04 AM

My partner and I started Blueprint years ago, propelled both by a renegade streak and the desire to help improve people’s lives. We wanted to create a business of our own and something better than was available in the marketplace.  If successful, we also believed it would afford us the ability to have families and provide for them. Perhaps it’s something that only the founder of a business will truly understand.

Excitement, fear, joy, anxiety, and back again, all before your morning coffee.

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Topics: Advisor Practice Management

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