Independent Financial Advisors Learn to Treat Clients like VIPs

Independent Financial Advisors Learn to Treat Clients like VIPsA company that strives to build a world-class service culture will make every effort to develop service standards that surround exceptional service for every customer, all the time. Now, this does not mean every customer should get the same service. True service excellence requires personalization and making each customer feel as though there is no one else more important in that instance.   Continue reading

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Getting Your Piece of the Baby Boomer Pie

Getting Your Piece of the Baby Boomer PieFor years and with good reason, the media has been tracking Baby Boomers as they enter each new phase of their lives. The population explosion, which occurred when soldiers returned home from World War II, has had an enormous impact on the U.S. economy ever since. Continue reading

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Summit Brokerage Services Welcomes New Advisor

Summit Brokerage Services Welcomes New AdvisorFinancial advisor David DiCenso of Green Street Wealth Advisory in New Kingstown, RI, has recently joined Summit Brokerage Services, Inc., the #1 Independent Broker-Dealer in the Country*.

 

DiCenso, who has been servicing the needs of clients for 22 years, was previously affiliated with Oppenheimer & Co. Inc., where he managed over $25 million in client assets. Green Street Wealth Advisory specializes in providing advice and consultation services for families across multiple generations. Continue reading

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Adjusting to a Stronger Dollar and Weaker Oil Prices

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Most Americans are aware that the U.S. economy and markets are more frequently and deeply affected by global developments than was the case even a generation ago.  Yet when global shocks occur they still somehow manage to be a bit of a surprise.  Over the past two months the United States has been rocked by two shocks that have been global in scope: The sharp rise in the dollar, and the equally sharp fall in oil prices.  Neither event, of course, is necessarily unwelcome.  A strong dollar means imported goods and vacations abroad are cheaper, and lower energy prices have the same effect on consumers’ spending capacity as a tax cut.  But the shocks may complicate economic policymaking in coming quarters, and is likely to require a bigger adjustment on the part of producers and exporters than they had anticipated. Continue reading

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Top Reasons for Independent Financial Advisors to Start Using Google Analytics

Top Reasons for Independent Financial Advisors to Start Using Google AnalyticsAs a financial advisor, your website is the most basic tool you can use to connect with the world. Whether a potential client lands on your website after browsing the internet or is referred by an existing client, this person will develop a first impression of your business based on your website. Continue reading

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Weekly Economic Update

Summit Brokerage Weekly Economic UpdateFED MAY WAIT LONGER TO TIGHTEN

March’s Federal Reserve policy statement provided less forward guidance than many investors expected. As anticipated, the word “patient” disappeared – but the Federal Open Market Committee also lowered its 2015 GDP forecast (to a range of 2.3-2.7%) and nearly halved its 2015 inflation projection (to a range of 0.6-0.8%). Seconding this weaker economic outlook, the Fed indicated it might wait until late 2015 to tinker with interest rates, altering the commonly held perception that a rate hike might be in store before Q2 ends.1 Continue reading

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The Price of Living Longer

The Price of Living LongerStatistically speaking, the nation’s actuaries have added years to our lives. Although that’s good news, it may end up costing everyone a pretty penny.

The Society of Actuaries (SOA) says it expects a 65-year-old man to live another 21.6 years – about two years longer than their previous guestimate from 15 years ago – and a 65-year-old woman will live another 23.8 years, which is about 2½ years longer than previously thought. Continue reading

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Transitioning Your Advisory Practice to the Next Generation

Transitioning Your Advisory Practice to the Next GenerationAs advisory firms continue to mature and evolve, one of the most important things founders must consider is the need to establish a cohesive succession plan.

With aging advisors expected to retire in droves over the next two decades and relatively few young people entering the industry to take their place, advisors continue to drag their feet when it comes to transitioning their advisory practice to the next generation. Continue reading

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Summit Brokerage Services Welcomes New Advisor

Summit Brokerage Services Welcomes New AdvisorFinancial advisor Danny Hood of Agency Wealth Counselors in Atlanta, GA, has recently joined Summit Brokerage Services, Inc., the #1 Independent Broker-Dealer in the Country*.

 

Hood, who has been servicing the needs of clients for 16 years, was previously affiliated with LPL Financial and BCG Securities, where he managed over $20 million in client assets. Agency Wealth Counselors is primarily focused on financial planning and retirement services for federal employees. Continue reading

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Financial Advisors: Developing Your LGBT Niche

Financial Advisors: Developing Your LGBT NicheToday, more and more advisors are targeting their practice to certain niches, which may include demographic groups, specific service circumstances or philosophies.

A study from Charles Schwab indicates that 67 percent of advisors rank asset growth as a top priority in the next few years. Yet, competition is growing and it’s getting harder to stand out. Being creative when looking for new clients is essential. Continue reading

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