Do you need to remodel your monetary advisory apply? Enhance your understanding of advanced monetary ideas and funding options? Find out about modern instruments that will help 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 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 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. 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 periods, instructive workshops, and particular occasions.
With a theme to “Discover the Good,” our mission was to have fun the work our attendees do every day to help their purchasers, colleagues, and communities.
Sharing Our Imaginative and prescient
We all the time have our eye on enhancing the private {and professional} lives of our advisor neighborhood, 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 thing we’re doing to keep up our independence and help their development targets.
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 profit our advisors
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A discount of our platform payment pricing, bringing price financial savings to advisors and their purchasers
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An enlargement of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Development and Change
In fact, no convention can be full with out keynote audio system to please and encourage.
On our important stage, sharing insights on private development, 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 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 provoking change in a fireplace 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 incredible quantity of experience, however between operating a enterprise and caring for purchasers, it may be tough to remain on prime of the most recent merchandise, methods, and instruments. Our deep bench and specialists from the business 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 will 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 matters we lined.
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Develop: Many profitable advisors are targeted on rising their companies and their data. Classes included methods to meet the wants of high-net-worth purchasers, methods to recruit younger ladies to the business, and methods to use lead technology providers successfully.
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Stream: Success usually hinges on with the ability to run an environment friendly apply. We dug into the nuances surrounding advanced merchandise, methods to leverage Commonwealth’s highly effective know-how platform, and methods to defend purchasers from cybercrime.
Nurturing Our Group
In response to 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 staff, led by Jessica Fougere, senior vice chairman, is targeted on creating microcommunities of advisors centered on enterprise niches, targets, or private passions.
Our objective is two-fold: we need to assist advisors really feel a part of one thing greater 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 neighborhood.
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 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 immediately to be taught whether or not Commonwealth may very well be the agency accomplice to energy your apply into the long run.
