Today, women are more engaged in their financial decisions than ever. By 2030, women will have control of over $30 trillion in assets due to the great wealth transfer that
Key Strategies to Boost Team Retention
Since the beginning of the pandemic, millions of Americans have quit their jobs in what has been deemed as the Great Resignation. While this phenomenon has been experienced across all
Is Your Firm Looking to Support Diversity Initiatives?
By Suzanne Patrick-Lawrence Did you know that Black and Latinx professionals make up only 3.8% of all professionals with the CERTIFIED FINANCIAL PLANNER™ designation, (1) despite the fact that this
How Fast Should You Grow Your Team of Advisors?
By Suzanne Patrick-Lawrence Managing growth is a complex process for any professional services firm. As a team takes on new members, the flow of tasks, information, and communication will change
3 Keys to Attracting Female Advisors to Your Firm
By Suzanne Patrick-Lawrence Women play an increasingly important role in the financial sector each year. McKinsey estimated that women controlled $10.9 trillion in assets in July of 2020 (just over
6 Fatal Flaws That Make a Business Impossible to Sell
By Suzanne Patrick-Lawrence Part of the succession planning process for any business needs to include a fundamental decision about how the owner will eventually cash out. When the exit strategy
How Financial Services Firms Can Build a Culture of Trust
By Suzanne Patrick-Lawrence “Culture” has become a buzzword over the past decade as companies have increasingly recognized the challenges that come with attracting and retaining talent. Financial services firms develop
How Top Advisor Teams Are Working Virtually
By Suzanne Patrick-Lawrence It’s been over a year since we went into our first lockdown due to the coronavirus pandemic. With the recent increases in vaccine distribution, we’re hopefully nearing
How Worrying About Money Impacts Your Brain (And What You Can Do About It)
By Suzanne Patrick-Lawrence It’s no surprise that worrying about money causes significant stress—our finances are so much more than just numbers. A study by Northwestern Mutual found that money and
The Top 3 Mistakes Financial Advisors Make When Retiring
By Suzanne Patrick-Lawrence Over 40% of financial advisors will retire in the next decade. With roughly 311,305 advisors practicing in the U.S. today, this means that approximately 124,522 are gearing
