Do you need to rework your monetary advisory follow? Enhance your understanding of complicated 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 business convention or one supplied by your advisory agency associate. You’ll hear from main thinkers within the monetary providers house, 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’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. Practically 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 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 help their shoppers, 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 all the pieces we’re doing to keep up our independence and help their progress targets.
This 12 months, we introduced three main initiatives:
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Our objective 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 payment pricing, bringing value financial savings to advisors and their shoppers
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An enlargement of our outsourced enterprise options providing, permitting advisors to scale their companies
Inspiring Private Progress and Change
In fact, no convention can be full with out keynote audio system to thrill and encourage.
On our predominant 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 vice chairman, basic counsel, and chief danger 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 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 Information
Monetary advisors have an incredible quantity of experience, however between working a enterprise and caring for shoppers, it may be troublesome to remain on prime of the newest merchandise, methods, and instruments. Our deep bench and specialists from the business associate companies 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 will 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.
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Develop: Many profitable advisors are centered on rising their companies and their data. Classes included meet the wants of high-net-worth shoppers, recruit younger girls to the business, and use lead era providers successfully.
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Circulate: Success usually hinges on having the ability to run an environment friendly follow. We dug into the nuances surrounding complicated merchandise, leverage Commonwealth’s highly effective expertise platform, and defend shoppers from cybercrime.
Nurturing Our Neighborhood
In line with McKinsey & Firm, 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 staff, led by Jessica Fougere, senior vice chairman, is concentrated on creating microcommunities of advisors centered on enterprise niches, targets, or private passions.
Our objective is two-fold: we need to assist advisors really feel a part of one thing greater than themselves. And we need 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 neighborhood.
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 girls advisors—to return 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 in the present day to be taught whether or not Commonwealth could possibly be the agency associate to energy your follow into the longer term.
