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HomeWealth ManagementThe Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors

Do you need to rework your monetary advisory observe? Enhance your understanding of advanced monetary ideas and funding options? Study modern instruments that can assist you function at scale?

Probably the greatest methods to take action is to attend an trade convention or one supplied by your advisory agency companion. You’ll hear from main thinkers within the monetary providers house, and you’ll get to attach with a group of your friends in a singular social setting. 

Commonwealth believes within the energy of studying and group. Now we have a protracted historical past of providing academic—and enjoyable!—conferences to our advisors. And in November 2022, we have been elated to carry our first in-person Nationwide Convention since 2019. Practically 2,000 advisors and their workers, trade companions, and residential workplace workers met in San Diego for 4 days of enterprise updates, inspiring keynotes, informative breakout classes, instructive workshops, and particular occasions.

With a theme to “Discover the Good,” our mission was to rejoice the work our attendees do every day to help their shoppers, colleagues, and communities.

Sharing Our Imaginative and prescient

We all the time have our eye on bettering the non-public {and professional} lives of our advisor group, and we’re undoubtedly not ones to relaxation on previous success. We come to the Nationwide Convention ready to share main enterprise updates and initiatives with our advisors, to allow them to be taught every thing we’re doing to take care of our independence and help their progress targets.

This 12 months, we introduced three main initiatives:

  1. Our purpose of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to profit our advisors

  2. A discount of our platform payment pricing, bringing value financial savings to advisors and their shoppers

  3. An growth of our outsourced enterprise options providing, permitting advisors to scale their companies

Inspiring Private Development and Change

In fact, no convention could be full with out keynote audio system to please and encourage.

On our foremost stage, sharing insights on private progress, giving again to the group, and paying it ahead, was Earvin “Magic” Johnson, basketball Corridor of Famer, NBA legend, and entrepreneur. He was joined by Laila Ali, four-time undefeated boxing champ, best-selling creator, mom, and spouse, who talked with our personal Peggy Ho, senior vp, normal counsel, and chief danger officer, in an intimate fireplace chat.

Attendees additionally heard from Mia Hamm, American soccer icon and two-time Olympic gold medalist and World Cup champion, about main groups and provoking change in a fireplace chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and govt vp of communications, public affairs, and coverage at Constancy Investments, chatted with John Rooney, managing principal of our San Diego workplace.

Rounding out this panel was Robert Mazur, the previous DEA agent who infiltrated Pablo Escobar’s Medellín Cartel. He delivered an enthralling and informative true-life account of his expertise throughout our Anti-Cash Laundering session.

Advancing Advisor Information

Monetary advisors have an incredible quantity of experience, however between working a enterprise and caring for shoppers, it may be troublesome to remain on high of the most recent merchandise, methods, and instruments. Our deep bench and specialists from the trade companion companies that joined us delivered a complete agenda of classes that aligned with the next three content material pillars:  

  • Evolve: This was all about serving to advisors perceive what they will do now to evolve their observe. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen consumer connections have been just a few subjects we coated.

  • Develop: Many profitable advisors are centered on rising their companies and their data. Periods included how one can meet the wants of high-net-worth shoppers, how one can recruit younger ladies to the trade, and how one can use lead technology providers successfully.

  • Move: Success usually hinges on with the ability to run an environment friendly observe. We dug into the nuances surrounding advanced merchandise, how one can leverage Commonwealth’s highly effective expertise platform, and how one can defend shoppers from cybercrime.

Nurturing Our Neighborhood

Based on McKinsey & Firm, 66 % of Gen Z believes “communities are created by causes and pursuits, not by financial backgrounds or academic ranges.” We agree. It’s why our Neighborhood staff, led by Jessica Fougere, senior vp, is concentrated on growing microcommunities of advisors centered on enterprise niches, targets, or private passions.

Our purpose is two-fold: we need to assist advisors really feel a part of one thing larger than themselves. And we need to enable them to foster and deepen connections by sharing insights and finest practices. By doing so, we assist elevate the skilled and private progress of our group.

The Nationwide Convention was a sandbox for these efforts. We supplied alternatives for various teams—chief working officers, members of household practices, next-gen advisors, and Commonwealth ladies advisors—to come back collectively and develop relationships that may stick with it lengthy after the convention ends.

Need a nearer look? View this interactive SlideShare for a glance behind the scenes and learn the way inspiration, studying, and group converged at our Nationwide Convention.

The place Will the Future Take You?

Our subsequent Nationwide Convention is already on the calendar for October 11–14, 2023, in Colorado. Will we see you there? Contact us right this moment to be taught whether or not Commonwealth could possibly be the agency companion to energy your observe into the long run. 



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