Pursuing Practice Excellence: The Study
Over the past six months, the Investment Advisor Group has partnered with ActiFi Inc. on what we humbly consider to be a breakthrough research study about advisor practice management.
Defining Practice Management: The Advisor Perspective
When advisor participants in the “Pursuing Practice Excellence” study were asked to provide a two- to three-sentence description of what practice management means to them, these are the words most often used:
Top 10 Technology Trends for Advisors and Their Partners, Pt. 4: Integrated Workstation
Significant investments are being made by large financial institutions and niche software providers for the sole purpose of allowing advisors to plug-and-play different software solutions into “their” advisor workstations.
Top 10 Technology Trends for Advisors and Their Partners, Pt. 3: Mobility
Within five years, every advisor and institution will need to have a credible mobile offering or risk becoming irrelevant.
Top 10 Technology Trends for Advisors and Their Partners, Pt. 2: Increasing Technological Capability
Cheaper storage, more and faster processing power and greater bandwidth and communications speeds will—and are—affecting your businesses now.
Top 10 Technology Trends for Advisors and Their Partners: Part 1, the Big Picture
The 10 top short- and long-term tech trends that will affect you and your partners. Forewarned is forearmed.
Practice Management Primer, Pt. 7: Putting the Model Into Action
You've got the path to follow, now set off on the journey with a focus on execution.
Practice Management Primer, Pt. 6: How to Benchmark Your Firm
Evaluating your practice management plan’s effectiveness is crucial, as is benchmarking your firm against your peers.
Practice Management Primer, Pt. 5: Accurately Measure Your Success
Why it is essential that you accurately measure your success when implementing practice management changes. Our recommendation: use a KPI.
Practice Management Primer, Pt. 4: Give the Right Tasks to the Right People
With a roadmap in hand, make sure you give tasks to the people—in and out of your firm—who have the will, skill, knowledge and time to perform them.