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HomeWealth ManagementThe Energy of Studying and Neighborhood for Monetary Advisors

The Energy of Studying and Neighborhood for Monetary Advisors


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

The most effective methods to take action is to attend an business convention or one supplied by your advisory agency companion. You’ll hear from main thinkers within the monetary providers area, 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 got 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. Almost 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 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 purchasers, 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 group, 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 study all the pieces we’re doing to keep up 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 profit our advisors

  2. A discount of our platform payment pricing, bringing price financial savings to advisors and their purchasers

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

Inspiring Private Progress and Change

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

On our principal 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, basic 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 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 Data

Monetary advisors have an incredible quantity of experience, however between operating a enterprise and caring for purchasers, it may be troublesome 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 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 a couple of subjects we lined.

  • Develop: Many profitable advisors are centered on rising their companies and their information. Periods included learn how to meet the wants of high-net-worth purchasers, learn how to recruit younger girls to the business, and learn how to use lead technology providers successfully.

  • Movement: Success usually hinges on having the ability to run an environment friendly apply. We dug into the nuances surrounding complicated merchandise, learn how to leverage Commonwealth’s highly effective know-how platform, and learn how to defend purchasers from cybercrime.

Nurturing Our Neighborhood

Based on 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 crew, led by Jessica Fougere, senior vp, is targeted on creating microcommunities of advisors centered on enterprise niches, targets, or private passions.

Our aim is two-fold: we need to assist advisors really feel a part of one thing larger than themselves. And we need 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 group.

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 come back collectively and develop relationships that may stick with it 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 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 right now to study whether or not Commonwealth may very well be the agency companion to energy your apply into the long run. 



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