Do you wish 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 best 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 providers area, and you’ll get to attach with a neighborhood of your friends in a singular social setting.
Commonwealth believes within the energy of studying and neighborhood. We have now 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. Practically 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 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 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 all the pieces we’re doing to keep up our independence and assist their progress targets.
This 12 months, we introduced three major 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 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 growth of our outsourced business solutions providing, permitting advisors to scale their companies
Inspiring Private Progress and Change
After all, no convention can be full with out keynote audio system to thrill and encourage.
On our primary 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 vp, 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 hearth 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 Information
Monetary advisors have an amazing quantity of experience, however between working a enterprise and caring for purchasers, it may be troublesome to remain on high of the newest merchandise, methods, and instruments. Our deep bench and specialists from the trade accomplice companies 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’ll 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 a couple of matters we coated.
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Develop: Many profitable advisors are centered on rising their companies and their information. Periods included learn how to meet the needs of high-net-worth clients, learn how to recruit younger ladies to the trade, and learn how 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, learn how to leverage Commonwealth’s powerful technology platform, and learn how to shield purchasers from cybercrime.
Nurturing Our Neighborhood
In accordance with McKinsey & Company, 66 p.c 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 aim is two-fold: we wish to assist advisors really feel a part of one thing larger than themselves. And we wish to enable 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 community.
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 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 today to be taught whether or not Commonwealth may very well be the agency accomplice to energy your apply into the long run.