The Energy of Studying and Neighborhood for Monetary Advisors


Do you need to rework your monetary advisory apply? Enhance your understanding of complicated monetary ideas and funding options? Study 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 provided by your advisory agency accomplice. You’ll hear from main thinkers within the monetary providers area, and you’ll get to attach with a neighborhood of your friends in a novel social setting. 

Commonwealth believes within the energy of studying and neighborhood. We’ve a protracted 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 workers, business companions, and residential workplace workers met in San Diego for 4 days of enterprise updates, inspiring keynotes, informative breakout classes, 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 at all times 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 study every part we’re doing to keep up our independence and help their progress targets.

This yr, we introduced three main initiatives:

  1. Our objective of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to learn our advisors

  2. A discount of our platform price pricing, bringing value financial savings to advisors and their purchasers

  3. An growth of our outsourced enterprise options providing, permitting advisors to scale their companies

Inspiring Private Development and Change

After all, no convention could be full with out keynote audio system to thrill and encourage.

On our predominant stage, sharing insights on private progress, 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, common 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 troublesome to remain on prime of the most recent merchandise, methods, and instruments. Our deep bench and specialists from the business accomplice companies that joined us delivered a complete agenda of classes that aligned with the next three content material pillars:  

  • Evolve: This was all about serving to advisors perceive what they’ll 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 a number of matters we lined.

  • Develop: Many profitable advisors are targeted on rising their companies and their data. Periods included the right way to meet the wants of high-net-worth purchasers, the right way to recruit younger ladies to the business, and the right way to use lead era providers successfully.

  • Movement: Success usually hinges on having the ability to run an environment friendly apply. We dug into the nuances surrounding complicated merchandise, the right way to leverage Commonwealth’s highly effective know-how platform, and the right way to defend purchasers from cybercrime.

Nurturing Our Neighborhood

Based on McKinsey & Firm, 66 p.c of Gen Z believes “communities are created by causes and pursuits, not by financial backgrounds or academic ranges.” We agree. It’s why our Neighborhood crew, led by Jessica Fougere, senior vice chairman, is concentrated on growing 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 larger than themselves. And we need to permit them to foster and deepen connections by sharing insights and finest practices. By doing so, we assist elevate the skilled and private progress of our neighborhood.

The Nationwide Convention was a sandbox for these efforts. We provided alternatives for various teams—chief working officers, members of household practices, next-gen advisors, and Commonwealth ladies advisors—to return collectively and develop relationships that can stick with it lengthy after the convention ends.

Need a nearer look? View this interactive SlideShare for a glance behind the scenes and learn the way 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 study whether or not Commonwealth could possibly be the agency accomplice to energy your apply into the long run. 



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