SEI’s Post

It was great to speak to WealthBriefing about our recent research and how productivity is a key challenge for UK wealth managers. The research, conducted in collaboration with FoxRed Insight and Solve Partners, highlights some of the key productivity barriers and how addressing these can offer an opportunity to revolutionise wealth management businesses. https://lnkd.in/ew3g5Rhs

Employee Ownership Trusts are popular business succession tools in USA and UK. They are coming to Canada. If it seems new to you -it is. I plan to listen in to Tim Masson and others later this month to hear some ideas on how to "navigate the change required to move into the 21st century of disruptive innovation, stakeholder returns, and self-management". https://lnkd.in/gYWrqYfy

Cerulli Associates estimates that over 109,000 advisors — nearly 40% of the current workforce — will retire in the next decade. The harsh reality is most firms aren’t prioritizing attracting, training and developing new advisors fast enough to keep up. This is an opportunity to empower the next generation of advisors and build a future-proof practice. Here’s how: 1️⃣ Invest in Training and Development 2️⃣ Embrace Technology 3️⃣ Provide Exposure and Client Interaction 4️⃣ Focus on Succession Planning Your firm’s future lies within its walls. Nurture your talent and embrace change to thrive in the new era of financial services. Read more in our latest blog. 👇 https://lnkd.in/gMmcDkqx

💡 Though there is a lot of noise being made in the RIA community right now about declining M&A activity, this should not overshadow other critical trends that will have an impact on growth in the coming years. According to Mike Capelle of Modern Wealth Management, "RIAs should focus on expanding client services, adopting a team-based approach, and meeting the needs of Gen X." In this article he dives deep into these three trends and offers sage advice for firms looking to meet the ever-evolving demands of modern clients. 📰 Keep reading on RIA Intel: #RIA #RIAtrends #wealthmanagement #clientexperience https://lnkd.in/gW9cJHJR

Navigating advisor transitions can be a bit like walking on a tightrope – challenging, but often necessary. There are effective strategies and best practices that can serve as a guiding light for managers, advisors, and clients through the twists and turns of change. Here, we’ll explore three distinct ways wealth management firms can weave a path to smoother advisor transitions, making the process not only handy but also influential for all involved. https://lnkd.in/g2B5GYJq

Great article about the independent space in the investment industry. National Bank Independent Network has been a strong promoter of the space for 3 decades. If you are interested in discussing further reach out for a first conversation.

𝐒𝐦𝐚𝐥𝐥𝐞𝐫 𝐅𝐢𝐫𝐦𝐬 𝐓𝐡𝐫𝐢𝐯𝐢𝐧𝐠 A recent report from wealth consultancy NextWealth predicts that by 2028, small firms will be thriving at the heart of the financial advice sector, and the number of clients served will grow by 30%. 📈💼 It's thrilling to see this forecast as it resonates with my journey, transitioning from a secure corporate role to a self-employed adviser. I can only but agree with the prediction that small firms will continue spinning out of larger corporates, along with new registrations. What's fascinating is the expected shift towards a team-oriented approach to client service, backed by streamlined processes. It only makes sense; better manpower utilisation leads to better client servicing, which in turn allows us to serve more clients. It also reflects the importance of nurturing a client-centric ecosystem within firms. 🔄💡 But what does this mean for those of us on the frontlines of this evolving landscape? We must remain adaptable, harnessing the power of technology while never losing sight of the value of the "age-old art of using the phone." As the report suggests, the future will be anchored in small changes, new capabilities, and innovative ways of thinking and operating. It may perhaps feel like nothing has changed in 2028, but when we look back, we'll realise that everything will have. I'm excited for the future and I can't wait to see what incredible innovations lie ahead for the financial services sector. It seems that the resilience and dynamism of small adviser firms will lead us into a brighter, more efficient, client-focused tomorrow. ✨🚀 𝐅𝐈𝐌𝐒 have specialised in the SME Advisory Recruitment space for 20 years. if you are looking to make the transition from corporate to a local regional practice or you are the principal of such a firm ensure you get 𝐅𝐈𝐌𝐒 in your corner. #FinancialAdvice #SmallFirms #FuturePredictions #FinancialIndustry #NextWealth #recruitment

Because of the CFO offering, we have unique insights into what extraordinary advisors are doing to drive their outperformance at a granular level. Each month they meet with their CFO to review their goals and shift strategies to optimize their success