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Do you need to rework your monetary advisory observe? Enhance your understanding of advanced monetary ideas and funding options? Find out about modern instruments that can assist you function at scale?
The most effective methods to take action is to attend an trade convention or one provided by your advisory agency accomplice. You’ll hear from main thinkers within the monetary companies house, 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 an extended historical past of providing instructional—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 classes, 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 enhancing the non-public {and professional} lives of our advisor neighborhood, and we’re positively 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 take care of our independence and assist their development targets.
This 12 months, we introduced three main initiatives:
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Our aim of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to learn our advisors
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A discount of our platform charge pricing, bringing price financial savings to advisors and their purchasers
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An growth of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Progress and Change
In fact, no convention could be full with out keynote audio system to thrill and encourage.
On our predominant 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 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 hearth 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 amazing 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 trade accomplice corporations that joined us delivered a complete agenda of classes that aligned with the next three content material pillars:
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Evolve: This was all about serving to advisors perceive what they’ll do now to evolve their observe. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen shopper connections have been just a few subjects we coated.
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Develop: Many profitable advisors are centered on rising their companies and their information. Classes included find out how to meet the wants of high-net-worth purchasers, find out how to recruit younger ladies to the trade, and find out how to use lead technology companies successfully.
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Circulate: Success usually hinges on with the ability to run an environment friendly observe. We dug into the nuances surrounding advanced merchandise, find out how to leverage Commonwealth’s highly effective expertise platform, and find out how to shield 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 instructional 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, targets, or private passions.
Our aim 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 development 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 it up 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 at this time to be taught whether or not Commonwealth may very well be the agency accomplice to energy your observe into the longer term.
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