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Do you need to rework your monetary advisory follow? Enhance your understanding of complicated monetary ideas and funding options? Study modern instruments that can assist you function at scale?
Top-of-the-line 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 a protracted 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. Practically 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 help 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 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 help their development objectives.
This yr, 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 charge pricing, bringing price financial savings to advisors and their purchasers
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An growth of our outsourced enterprise options providing, permitting advisors to scale their companies
Inspiring Private Development and Change
In fact, no convention can be full with out keynote audio system to thrill and encourage.
On our major 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 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 operating 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 associate companies 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’ll do now to evolve their follow. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen shopper connections have been just a few matters we coated.
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Develop: Many profitable advisors are targeted on rising their companies and their data. Classes included the way to meet the wants of high-net-worth purchasers, the way to recruit younger ladies to the business, and the way to use lead technology companies successfully.
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Move: Success typically hinges on with the ability to run an environment friendly follow. We dug into the nuances surrounding complicated merchandise, the way to leverage Commonwealth’s highly effective know-how platform, and the way to defend purchasers from cybercrime.
Nurturing Our Group
Based on McKinsey & Firm, 66 % 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 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 larger than themselves. And we need to enable them to foster and deepen connections by sharing insights and greatest 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 come back collectively and develop relationships that can keep it up lengthy after the convention ends.
Desire a nearer look? View this interactive SlideShare for a glance behind the scenes and find out how 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 the moment to be taught whether or not Commonwealth might be the agency associate to energy your follow into the longer term.
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