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The Energy of Studying and Group for Monetary Advisors

Do you wish to rework your monetary advisory apply? Enhance your understanding of advanced monetary ideas and funding options? Study modern instruments that can assist you function at scale?

Among the finest methods to take action is to attend an trade convention or one provided by your advisory agency associate. 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 now have an extended historical past of providing academic—and enjoyable!—conferences to our advisors. And in November 2022, we have been elated to carry our first in-person Nationwide Convention since 2019. Almost 2,000 advisors and their workers, trade companions, and residential workplace workers 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 rejoice the work our attendees do every day to assist their purchasers, colleagues, and communities.

Sharing Our Imaginative and prescient

We at all times have our eye on bettering the non-public {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 part we’re doing to keep up our independence and assist their progress objectives.

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 profit our advisors

  2. A discount of our platform charge pricing, bringing price 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

In fact, no convention can be full with out keynote audio system to please and encourage.

On our major 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 danger officer, in an intimate hearth 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 govt 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 consultants from the trade associate companies that joined us delivered a complete agenda of periods that aligned with the next three content material pillars:  

  • 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 shopper connections have been a couple of subjects we coated.

  • Develop: Many profitable advisors are centered on rising their companies and their information. Classes included methods to meet the wants of high-net-worth purchasers, methods to recruit younger ladies to the trade, and methods to use lead era providers successfully.

  • Circulation: Success usually hinges on having 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 shield purchasers from cybercrime.

Nurturing Our Group

In line with 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 Group group, led by Jessica Fougere, senior vice chairman, is targeted on growing microcommunities of advisors centered on enterprise niches, objectives, or private passions.

Our objective is two-fold: we wish to assist advisors really feel a part of one thing greater than themselves. And we wish 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 may keep on lengthy after the convention ends.

Desire 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 in the present day to be taught whether or not Commonwealth may very well be the agency associate to energy your apply into the long run. 



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