Do you wish to remodel your monetary advisory follow? Enhance your understanding of advanced monetary ideas and funding options? Find out about modern instruments that can assist you function at scale?
The most effective methods to take action is to attend an trade convention or one provided by your advisory agency accomplice. 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 singular social setting.
Commonwealth believes within the energy of studying and neighborhood. We’ve a protracted 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. 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 periods, 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 shoppers, colleagues, and communities.
Sharing Our Imaginative and prescient
We at all times have our eye on enhancing the non-public {and professional} lives of our advisor neighborhood, 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 study all the pieces we’re doing to take care of our independence and assist their progress objectives.
This 12 months, we introduced three main initiatives:
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Our objective 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 value financial savings to advisors and their shoppers
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An enlargement of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Progress and Change
In fact, no convention can be full with out keynote audio system to thrill and encourage.
On our primary stage, sharing insights on private progress, 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 writer, mom, and spouse, who talked with our personal Peggy Ho, senior vp, 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 galvanizing 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 working a enterprise and caring for shoppers, it may be tough to remain on prime of the newest merchandise, methods, and instruments. Our deep bench and consultants from the trade accomplice corporations that joined us delivered a complete agenda of periods 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 had been a couple of matters we lined.
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Develop: Many profitable advisors are centered on rising their companies and their information. Classes included easy methods to meet the wants of high-net-worth shoppers, easy methods to recruit younger ladies to the trade, and easy methods to use lead technology providers 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 advanced merchandise, easy methods to leverage Commonwealth’s highly effective expertise platform, and easy methods to shield shoppers 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 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 objective 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 greatest practices. By doing so, we assist elevate the skilled and private progress of our neighborhood.
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 ladies advisors—to come back 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 find out how 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 right now to study whether or not Commonwealth might be the agency accomplice to energy your follow into the longer term.