Home Wealth Management The Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors


Do you wish to rework your monetary advisory apply? Enhance your understanding of complicated monetary ideas and funding options? Study modern instruments that will help you function at scale?

The most effective methods to take action is to attend an business convention or one provided by your advisory agency accomplice. 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. We have now an extended historical past of providing academic—and enjoyable!—conferences to our advisors. And in November 2022, we had been elated to carry our first in-person Nationwide Convention since 2019. Almost 2,000 advisors and their workers, business companions, and residential workplace workers met in San Diego for 4 days of enterprise updates, inspiring keynotes, informative breakout periods, 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 purchasers, colleagues, and communities.

Sharing Our Imaginative and prescient

We at all times have our eye on enhancing the private {and professional} lives of our advisor group, and we’re positively 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 take care of 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 payment 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

In fact, no convention can 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 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 writer, mom, and spouse, who talked with our personal Peggy Ho, senior vice chairman, common counsel, and chief threat 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 galvanizing change in a hearth chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and government 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 amazing quantity of experience, however between working a enterprise and caring for purchasers, it may be troublesome to remain on high of the newest merchandise, methods, and instruments. Our deep bench and specialists from the business accomplice companies that joined us delivered a complete agenda of periods that aligned with the next three content material pillars:  

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

  • Develop: Many profitable advisors are targeted on rising their companies and their information. Periods included how you can meet the wants of high-net-worth purchasers, how you can recruit younger girls to the business, and how you can use lead era companies successfully.

  • Circulation: Success typically hinges on having the ability to run an environment friendly apply. We dug into the nuances surrounding complicated merchandise, how you can leverage Commonwealth’s highly effective know-how platform, and how you can shield purchasers from cybercrime.

Nurturing Our Neighborhood

In accordance with McKinsey & Firm, 66 p.c 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 workforce, led by Jessica Fougere, senior vice chairman, is targeted on creating 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 provided alternatives for various teams—chief working officers, members of household practices, next-gen advisors, and Commonwealth girls advisors—to return collectively and develop relationships that can keep on 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 as we speak to be taught whether or not Commonwealth may very well be the agency accomplice to energy your apply into the longer term. 



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