Do you wish to rework your monetary advisory apply? Enhance your understanding of advanced monetary ideas and funding options? Find out about modern instruments that will help 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 providers house, 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. Now we have a protracted 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 classes, 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 assist their shoppers, colleagues, and communities.
Sharing Our Imaginative and prescient
We all the time 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 the whole lot we’re doing to take care of our independence and assist their progress targets.
This 12 months, we introduced three main 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 price pricing, bringing price financial savings to advisors and their shoppers
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An growth of our outsourced enterprise options providing, permitting advisors to scale their corporations
Inspiring Private Progress and Change
In fact, no convention could be full with out keynote audio system to please and encourage.
On our essential 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 threat 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 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 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 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 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 targeted on rising their companies and their data. Classes included find out how to meet the wants of high-net-worth shoppers, find out how to recruit younger ladies to the trade, and find out how to use lead era providers successfully.
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Stream: Success usually hinges on having the ability to run an environment friendly apply. We dug into the nuances surrounding advanced merchandise, find out how to leverage Commonwealth’s highly effective expertise platform, and find out how to defend shoppers from cybercrime.
Nurturing Our Neighborhood
In accordance with McKinsey & Firm, 66 p.c of Gen Z believes “communities are created by causes and pursuits, not by financial backgrounds or academic ranges.” We agree. It’s why our Neighborhood crew, 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 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 progress 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 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 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 be taught whether or not Commonwealth could possibly be the agency accomplice to energy your apply into the longer term.
