Do you need to remodel your monetary advisory apply? Enhance your understanding of advanced monetary ideas and funding options? Study modern instruments that will help you function at scale?
Among the finest methods to take action is to attend an trade convention or one supplied by your advisory agency associate. You’ll hear from main thinkers within the monetary providers area, and you’ll get to attach with a group of your friends in a singular social setting.
Commonwealth believes within the energy of studying and group. 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 employees, trade companions, and residential workplace employees 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 have fun the work our attendees do every day to help their purchasers, colleagues, and communities.
Sharing Our Imaginative and prescient
We all the time have our eye on enhancing the private {and professional} lives of our advisor group, 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 little thing we’re doing to take care of our independence and help their progress objectives.
This 12 months, we introduced three main initiatives:
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Our purpose of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to profit 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 enlargement of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Progress and Change
After all, no convention could be full with out keynote audio system to thrill and encourage.
On our major 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 writer, mom, and spouse, who talked with our personal Peggy Ho, senior vice chairman, normal 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 amazing quantity of experience, however between working a enterprise and caring for purchasers, it may be tough to remain on high of the most recent merchandise, methods, and instruments. Our deep bench and consultants from the trade associate corporations that joined us delivered a complete agenda of periods that aligned with the next three content material pillars:
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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 consumer connections have been just a few matters we coated.
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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.
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Stream: Success usually hinges on with 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 defend purchasers from cybercrime.
Nurturing Our Neighborhood
Based on 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 workforce, led by Jessica Fougere, senior vice chairman, is concentrated on growing microcommunities of advisors centered on enterprise niches, objectives, or private passions.
Our purpose is two-fold: we need to assist advisors really feel a part of one thing larger than themselves. And we need to enable 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 group.
The Nationwide Convention was a sandbox for these efforts. We supplied 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.
Desire 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 as we speak to be taught whether or not Commonwealth could possibly be the agency associate to energy your apply into the longer term.
