Home Financial Advisor The Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors


Do you wish to rework your monetary advisory follow? Enhance your understanding of complicated monetary ideas and funding options? Study modern instruments that can assist 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 companion. You’ll hear from main thinkers within the monetary companies area, and you’ll get to attach with a group of your friends in a novel social setting. 

Commonwealth believes within the energy of studying and group. We have now a protracted 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, business 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 help their shoppers, colleagues, and communities.

Sharing Our Imaginative and prescient

We all the time have our eye on enhancing the non-public {and professional} lives of our advisor group, 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 study every thing we’re doing to take care of our independence and help their progress targets.

This yr, we introduced three main initiatives:

  1. Our purpose 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 payment pricing, bringing value financial savings to advisors and their shoppers

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

Inspiring Private Progress and Change

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

On our fundamental stage, sharing insights on private progress, giving again to the group, 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 vp, basic 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 galvanizing change in a fireplace chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and government vp 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 shoppers, it may be tough to remain on high of the newest merchandise, methods, and instruments. Our deep bench and consultants from the business companion 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’ll do now to evolve their follow. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen consumer connections have been a number of subjects we lined.

  • Develop: Many profitable advisors are centered on rising their companies and their information. Periods included find out how to meet the wants of high-net-worth shoppers, find out how to recruit younger ladies to the business, and find out how to use lead era companies successfully.

  • Circulate: Success typically hinges on with the ability to run an environment friendly follow. We dug into the nuances surrounding complicated merchandise, find out how to leverage Commonwealth’s highly effective expertise platform, and find out how to defend shoppers from cybercrime.

Nurturing Our Neighborhood

In accordance with 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 Neighborhood group, led by Jessica Fougere, senior vp, is concentrated on growing microcommunities of advisors centered on enterprise niches, targets, or private passions.

Our purpose 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 greatest practices. By doing so, we assist elevate the skilled and private progress of our group.

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 come back 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 learn the way inspiration, studying, and group 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 the moment to study whether or not Commonwealth could possibly be the agency companion to energy your follow into the long run. 



Please enter your comment!
Please enter your name here