Do you need to rework your monetary advisory follow? Enhance your understanding of advanced monetary ideas and funding options? Find out about modern instruments that will help you function at scale?
The most effective methods to take action is to attend an trade convention or one supplied by your advisory agency associate. You’ll hear from main thinkers within the monetary providers house, and you’ll get to attach with a neighborhood of your friends in a novel social setting.
Commonwealth believes within the energy of studying and neighborhood. We now have an extended 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. Almost 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 have a good time the work our attendees do every day to assist their shoppers, colleagues, and communities.
Sharing Our Imaginative and prescient
We all the time have our eye on enhancing the non-public {and professional} lives of our advisor neighborhood, 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 study every part we’re doing to take care of our independence and assist their development objectives.
This 12 months, we introduced three main initiatives:
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Our aim of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to learn our advisors
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A discount of our platform payment pricing, bringing value financial savings to advisors and their shoppers
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An growth of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Development and Change
After all, no convention could be full with out keynote audio system to thrill and encourage.
On our most important stage, sharing insights on private development, giving again to the neighborhood, 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 hearth 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 hearth chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and government 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 Data
Monetary advisors have an amazing quantity of experience, however between operating 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 associate corporations that joined us delivered a complete agenda of classes that aligned with the next three content material pillars:
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Evolve: This was all about serving to advisors perceive what they will do now to evolve their follow. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen consumer connections have been a couple of subjects we lined.
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Develop: Many profitable advisors are targeted on rising their companies and their information. Periods included the best way to meet the wants of high-net-worth shoppers, the best way to recruit younger girls to the trade, and the best way to use lead era providers successfully.
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Circulate: Success typically hinges on with the ability to run an environment friendly follow. We dug into the nuances surrounding advanced merchandise, the best way to leverage Commonwealth’s highly effective know-how platform, and the best way to defend shoppers from cybercrime.
Nurturing Our Group
In keeping with 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 Group workforce, led by Jessica Fougere, senior vp, is targeted on growing microcommunities of advisors centered on enterprise niches, objectives, or private passions.
Our aim is two-fold: we need to assist advisors really feel a part of one thing greater than themselves. And we need to permit them to foster and deepen connections by sharing insights and finest practices. By doing so, we assist elevate the skilled and private development of our neighborhood.
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 girls advisors—to come back collectively and develop relationships that can keep it up 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 neighborhood 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 immediately to study whether or not Commonwealth may very well be the agency associate to energy your follow into the long run.