The Energy of Studying and Neighborhood for Monetary Advisors


Do you wish to remodel your monetary advisory follow? Enhance your understanding of complicated monetary ideas and funding options? Find out about modern instruments that will help you function at scale?

Probably the greatest 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 providers house, 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’ve 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 employees, business 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 a good time 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 bettering 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 development targets.

This yr, we introduced three main initiatives:

  1. Our aim 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 price pricing, bringing value financial savings to advisors and their shoppers

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

Inspiring Private Development and Change

After all, no convention can be full with out keynote audio system to please and encourage.

On our major stage, sharing insights on private development, 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 vp, 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 govt 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 incredible quantity of experience, however between working a enterprise and caring for shoppers, it may be tough to remain on prime of the newest merchandise, methods, and instruments. Our deep bench and consultants from the business companion 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 consumer connections have been a number of matters we coated.

  • Develop: Many profitable advisors are centered on rising their companies and their data. Classes included the right way to meet the wants of high-net-worth shoppers, the right way to recruit younger girls to the business, and the right way to use lead era providers successfully.

  • Circulate: Success typically hinges on having the ability to run an environment friendly follow. We dug into the nuances surrounding complicated merchandise, the right way to leverage Commonwealth’s highly effective know-how platform, and the right way to shield 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 creating 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 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 development 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 girls advisors—to return collectively and develop relationships that can 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 at this time to study whether or not Commonwealth might be the agency companion to energy your follow into the longer term. 


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