Navigating Your Career’s GPS thumbnail

Career GPS

                                   How to Avoid Making Wrong Turns to Keep Your Career Path on the Right Track Last year a 28 year-old New Jersey tourist was traveling in Iceland and accidentally misspelled the address of his hotel into his GPS… Read More

Let’s Face It — End-of-year Pay Talks are Painful thumbnail

Let’s face it, end-of-year compensation decisions and pay talks are stressful. Even the most successful owners may lack the confidence needed to have meaningful discussions. Here’s a list of planning tips to improve employee pay meetings and ease the annual ritual. 1. CONFIRM ROLES AND RESULTS Dust off your firm’s job descriptions and ensure you… Read More

Time to Rethink Your Firm’s Compensation Plan? thumbnail

As we enter fall and the fourth quarter, you may be pondering a change to your compensation structure for next year. Although it is extremely critical to develop a salary plan that is profitable for the firm, I suggest considering the broader business context first when making changes. This involves reviewing the company’s strategic priorities… Read More

Hiring Top Talent

Hiring Top Talent

Just as advisers are always on the lookout for their next great client, they should also be keeping an eye out for the best and brightest people to join their team. But how can you know which hires are best for you — and your clients? You can start by thinking about your current team… Read More

  Speakers: Kelli Cruz (Cruz Consulting Group) & Jason Carroll (Live Oak Bank)   More advisory firms are exploring and executing mergers and acquisitions than ever before. Many firms are using M&A as a strategic means to accelerate the growth of their firms — and also to identify longer-term succession plans that can increase the… Read More

RIA Match Webinar – Internal Successors: How to Identify and Keep Them thumbnail

RIA Match Webinar

Finding the right successors is where the rubber meets the road and a challenge for many RIA principals. Kelli Cruz, founder of Cruz Consulting Group, shares her process on how to find and keep internal successors. She also covers a career-track framework for grooming your firm’s next principals. In this webinar you will learn: •… Read More

Succession Planning

Succession Planning

Succession Planning Is about Taking Care of Your Firm’s Future Research data has highlighted a lack in succession planning as a potential trouble spot for aging advisory businesses for several years. Firms can successfully execute an ownership transition plan that has a strategic approach to institu­tionalizing business, and create a sustainable and transferable value as… Read More

Flexible Work Options

Flexible Work Options

There’s a worrisome shortage of talent in our profession. Take a look around: More advisers are retiring, there’s a lack of new planners, yet there’s growth in demand for financial advice. The consulting firm Moss Adams has estimated that the industry could face a shortfall of more than 200,000 advisers by 2022. Now, more than… Read More

Career Paths

If advisory firms can tackle career development problems before they start, they’ll also solve their succession challenges by developing the next generation of leaders. The industry is evolving, and advisers need to move away from the kind of ad-hoc career development that has defined the business in the past. This has meant that employees’ jobs… Read More

Career Path: A Path to Success thumbnail

Career Path

When working with firm owners I typically hear, “we don’t have people with the right skills for the demands of this business.”  Conversely when I interview employees of advisory firms I hear, “this firm doesn’t take advantage of half of my skills that I have to offer.”  It is often evident that there is a… Read More