Blog and Case Studies

The How-To for advisors on managing Alternative Investments and examples of expert, trusted solutions

Wirehouse branch managers drill into the minds of their advisors that the RIA channel is small, archaic, and does not support sophisticated alternative investment solutions. PFI Advisors’ most recent white paper, The Rise of Alternative Investments in the RIA Industry dispels that notion by highlighting five major platforms that offer alternative investments to RIAs and their … read more

Follow the money – knowing how your providers get paid

  I have been interviewed by thousands of advisors over the years. Not one firm has proactively asked us to explain ALL sources of our revenue. I thought it odd as we live in an industry that believes in full disclosure and transparency. We all know that providers are crucial to the success of our … read more

Penny-wise solutions to improving your client experience and business

The client experience is directly correlated to the growth and profitability of an advisory business. So it’s no surprise that businesses are spending valuable time and money trying to improve their client experience. Unfortunately most advisory businesses aren’t experiencing the results they expected. They were hoping the improved experience would attract more clients and reduce … read more

Stereotyping and why it matters this time

Joni of Commonwealth wrote that we should all drop the ageist stereotypes. I respectfully disagree with her advice to “drop and chill”. But before I go into my reasons and solutions to this problem, I have to admit that I had to look up the word “ageist”. It turns out that reading 140 character sound … read more

The difference between a business and practice – and not getting left behind

Many experts, such as Mark Tibergien, Forbes, FP Transitions’ Grau, have written about the difference between a practice and a business. Here are our list of differences from an operations point of view. COO’S TOP TEN DIFFERENCES: Practice is the repeated exercise in or performance of an activity or skill so as to acquire or maintain … read more

Coffee shops and how business owners allow them to waste time and money

We all search for the least chaotic place to work and think. However, your location could hurt your productivity. Here’s why…. When we do our ops strategy calls with our business owners, they expect us to hear everything they say. They also expect quick, smart answers and solutions to their business hurdles. We are not … read more

Providing the best experience for consumers and advisory firms

Pershing Panel on Integration being Key to Delivering Optimized, Digitized, Ultimate Experience Gartner’s Paul Sussman, Albridge’s Tony Johnson, NextCapital’s Rob Foregger, and I discussed and answered questions at Pershing’s Integration, Optimization, and Digitization panel. In hindsight, I believe most of the crowd got stuck on the word “integration”. They thought we were discussing basic data … read more

It’s Time for Kaizen! Infuse Lean Thinking into the Financial Planning Process

Kaizen (改善?): Japanese for “change for better“. (Wikipedia) I am a Black Belt. Not the Bruce Lee, or Tai Kwan Do kind, but the Lean Six Sigma type. If you’re confused, it’s probably because you haven’t yet heard of the practice of Lean Thinking. However, you probably experience some form of it almost daily. For … read more

Building Your Virtual COO: A quick solution to improving the Staff Experience

   I’m back with the next step in building out your virtual COO! We’ve found that functions, roles, and responsibilities are not being reviewed enough to find methods to eliminate work and burnout. We all know that your people represent your firm. If they aren’t well-utilized or are overworked, this can negatively impact the client and … read more

A constantly evolving list of Roll Up RIAs or Equity Partners to consider

  Here is our continuously updated list of firms that you can join, have as an equity partner, or be acquired by. We also are privately documenting the arrangements offered by each firm, which include differences such as: provide cash in return for equity position provide stock options in return for equity position provide slow … read more

A few worksheets to help improve your business profitability and operational excellence

We had a great time building out tech plans and identifying capacity gaps at T3 Tech Tools this year! The take away worksheets are shown below. As always, we are here to help if you would like help navigating as you strive for operational excellence. Click HERE to do a Boost Call to accelerate your research on … read more

What Is a Virtual COO?

I am very excited that we are about to kick off a new series about how to build your own virtual COO. The following posts will pick apart each of the operations of the business and we will talk about the tools, the people, and the integration of each. Today, we want to explain what … read more

Creating Better Connectivity with Clients and your Audience

We live in the age of communication. And there are more ways to communicate today than ever before. “Did you get that email I sent? Or the text? Or the tweet?” There’s no doubt you have heard these statements more than once. Communicating has definitely gotten easier but that doesn’t guarantee what you’re saying is … read more

Top 2 tech tools and solutions to lowering burnout and the workload

  Burnout of owners is happening all over the USA. Here are a few ideas to lower the workload and eliminate burnout. #1 We did a webinar with Chris Holman, Executive Coach and discussed signs and solutions to burnout. Check it out and look for the list of ideas!   #2. We LOVE appointment scheduling … read more

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