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Do you wish to rework your monetary advisory follow? 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 accomplice. You’ll hear from main thinkers within the monetary companies 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 have now 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 have fun the work our attendees do every day to help their shoppers, colleagues, and communities.
Sharing Our Imaginative and prescient
We at all times have our eye on bettering the private {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 study the whole lot we’re doing to keep up our independence and help their development objectives.
This 12 months, we introduced three main initiatives:
Our aim of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to learn our advisors
A discount of our platform price pricing, bringing price financial savings to advisors and their shoppers
An growth of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Progress and Change
In fact, no convention can be full with out keynote audio system to thrill and encourage.
On our foremost 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 writer, mom, and spouse, who talked with our personal Peggy Ho, senior vice chairman, common 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 galvanizing change in a fireplace chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and government 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 working a enterprise and caring for shoppers, it may be troublesome to remain on high of the newest merchandise, methods, and instruments. Our deep bench and consultants from the trade accomplice corporations 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 shopper connections have been a couple of subjects we lined.
Develop: Many profitable advisors are targeted on rising their companies and their information. Classes included the way to meet the wants of high-net-worth shoppers, the way to recruit younger ladies to the trade, and the way to use lead era companies successfully.
Circulate: Success usually hinges on having the ability to run an environment friendly follow. We dug into the nuances surrounding advanced merchandise, the way to leverage Commonwealth’s highly effective know-how platform, and the way to defend shoppers from cybercrime.
Nurturing Our Group
In line with McKinsey & Firm, 66 % 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 workforce, led by Jessica Fougere, senior vice chairman, is targeted on creating microcommunities of advisors centered on enterprise niches, objectives, or private passions.
Our aim is two-fold: we wish to assist advisors really feel a part of one thing greater than themselves. And we wish to enable 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 come back collectively and develop relationships that may keep on 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 present to study whether or not Commonwealth might be the agency accomplice to energy your follow into the longer term.
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