Managing
15 Top Books for Wealth Managers
- Details Category: Practice Management
Wealth management is a broad and comprehensive field, something like the general practice of medicine in its scope. The practitioner needs a thorough grounding in all the different parts of the client's financial anatomy. Here are 15 top books covering basic aspects of this field. I recommend them all.
Take Your Processes on the Road
- Details Category: Practice Management
When forging a strategy for building remote access into your process, it really spans three tiers:
In short, when away from your office, you still require easy access to your contact data and current activities, the ability to look up information to share with clients and, perhaps most importantly, to capture your thoughts, comments and notes immediately following meetings.
You can take different paths to integrating your mobile capabilities depending on your current systems. For example, if you are using web-based solutions for CRM, planning and reporting, you may find them friendlie
Take Control of Your Processes
- Details Category: Practice Management
There are three key ways identifying, documenting and managing your processes will help your business.
Your entire team is largely cross trained due to the documentation of core tasks and activities your business executes upon
You can more closely align with your technology services (or find new ones more accommodating of your processes) and start to take advantage of any workflow automation available from those vendors (CRM calendars and tasks, batch reports for clients, etc)
More easily train new staff, both incoming advisors and administrative/operational personnel
Return on Investment and the Paperless Strategy
- Details Category: Practice Management
Every year I get into a discussion with firms that are seeking to forge into the paperless arena when it comes to operations processing, reporting and client files. From a high level view, firm principals understand the advantages of doing away with paper handling and storage, but frequently get tripped up by the costs of making the conversion.
In every scenario where I have moved an office off of paper and onto a document management system and the new processes that come with it – they have seen both short term productivity impacts and longer term cost reduction. Frequently I have s
Beyond Files in Your Backup Process
- Details Category: Practice Management
A backup strategy for your business is one of the most critical management decisions you make as it preserves and protects the information that is a part of your livelihood.
Backup solutions address the need to retain both the variety of files and data created during the course of business and the ability to recover your systems and applications in the event of a complete loss or failure. An area commonly neglected in backup scenarios is more virtual in nature.
