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HomeWealth ManagementThe Energy of Studying and Group for Monetary Advisors

The Energy of Studying and Group for Monetary Advisors

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

The most effective methods to take action is to attend an business convention or one supplied by your advisory agency associate. You’ll hear from main thinkers within the monetary companies area, and you’ll get to attach with a group of your friends in a novel social setting. 

Commonwealth believes within the energy of studying and group. Now we have an extended historical past of providing instructional—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 employees, business companions, and residential workplace employees 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 assist their purchasers, colleagues, and communities.

Sharing Our Imaginative and prescient

We all the time have our eye on bettering the private {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 part we’re doing to keep up our independence and assist their development targets.

This yr, 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 learn our advisors

  2. A discount of our platform price pricing, bringing price financial savings to advisors and their purchasers

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

Inspiring Private Progress and Change

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

On our predominant stage, sharing insights on private development, 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 vice chairman, basic 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 vice chairman 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 incredible quantity of experience, however between working a enterprise and caring for purchasers, it may be troublesome to remain on prime of the most recent merchandise, methods, and instruments. Our deep bench and consultants from the business associate 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 shopper connections have been a number of subjects we lined.

  • Develop: Many profitable advisors are centered on rising their companies and their information. Periods included learn how to meet the wants of high-net-worth purchasers, learn how to recruit younger ladies to the business, and learn how to use lead technology companies successfully.

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

Nurturing Our Group

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

Our purpose is two-fold: we wish to assist advisors really feel a part of one thing greater than themselves. And we wish 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 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 return collectively and develop relationships that may stick with it lengthy after the convention ends.

Desire 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 at this time to be taught whether or not Commonwealth may very well be the agency associate to energy your observe into the longer term. 



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