All Financial Advisors Should have a Disaster Recovery Plan

All Financial Advisors Should have a Disaster Recovery PlanNo one likes anticipating disaster, but have you considered what it takes to be prepared if there’s a power failure, IT system crash or a natural disaster? If you answered no, you’re not alone. Most independent investment advisors don’t have a disaster recovery plan, but it is certainly worth some thought. Having a disaster recovery plan might aide in keeping your company up and running were there to be an interruption out of your control. Continue reading All Financial Advisors Should have a Disaster Recovery Plan

What’s So Stressful about Being a Financial Advisor?

What’s So Stressful about Being a Financial AdvisorBeing a financial advisor comes with a lot of responsibility. A recent survey by Adhesion Wealth Advisor Solutions, an investment platform provider, found that nearly 80 percent of surveyed financial advisors rate their work-related stress levels at a 7 or higher (out of 10) and more than 60 percent say they’ve grown more stressed over the past year. The biggest culprits are “having responsibility for their clients’ futures” (52 percent peg it at level nine or 10), “marketing and building their businesses” (42 percent) and “client demands” (37 percent). Continue reading What’s So Stressful about Being a Financial Advisor?

Summit Brokerage Recruits Advisor with $35M in AUM

Summit Brokerage Recruits Advisor with $35M in AUMFinancial advisor Andrew Watkins of Andrew Watkins & Associates in Sequim, WA, has recently joined Summit Brokerage Services, Inc., the #1 Independent Boutique Broker-Dealer in the Country*.

 

Andrew Watkins has been servicing the needs of clients for over 30 years and manages $35 million in client assets. Andrew Watkins & Associates is focused on providing a personalized approach to achieving their client’s objectives. Managing Partner, Andrew Watkins said, “Our client’s understanding and comfort with the financial concepts and process is very important to us.” Continue reading Summit Brokerage Recruits Advisor with $35M in AUM

Time is Money, Here’s how Financial Advisors can Make More

Time is Money, Here’s how Financial Advisors can Make MoreWe all know the saying, “time is money.” Like money, it’s inevitable to spend time, waste time, try to save it and make more of it.

Take a look at the average day for an advisor.  It’s jam-packed with a litany of tasks, including servicing client accounts, attending sales meetings, watching/tracking the stock market and calling on sales leads. While financial advisors are often well compensated, the long hours and workload are reasons why the burnout rate in the financial industry is so high. Continue reading Time is Money, Here’s how Financial Advisors can Make More

Creating Your Own Mission Statement

Creating Your Own Mission StatementEvery company, no matter what size, can benefit from having a clearly defined mission statement. Financial advisors are no exception. For financial advisors, a mission statement defines their purpose. It tells prospective clients who they are, what they do and how they do it. Having a well-formed, yet concise – even inspirational – mission statement will help give advisors a goal to work towards as they show clients what they represent. Continue reading Creating Your Own Mission Statement

How Financial Advisors can Leverage Twitter

How Financial Advisors can Leverage TwitterAccording to an article in the Miami Herald’s Business Section, LinkedIn and Taylor Nelson Sofres, a research firm, partnered to survey 1,000 small-business owners last year to study social media habits. More than 94 percent of respondents reported using social media as a marketing tool to promote their businesses, while 49 percent of them reported using platforms like Facebook, Twitter and Instagram for educational purposes and to gain new insights to facilitate growth. Continue reading How Financial Advisors can Leverage Twitter

Summit Brokerage Services Receives a Top Ranking in Investment Advisor Magazine’s Top 25 Broker-Dealer Rankings

Summit Brokerage Services Receive a Top Ranking in Investment Advisor Magazine’s Top 25 Broker-Dealer RankingsInvestment Advisor, one of the industry’s leading publications, recently recognized Summit Brokerage Services, the #1 Independent Boutique Broker Dealer*, in its annual 2015 B-D rankings as one of the top 25 independent broker-dealers for average production per financial advisor. Continue reading Summit Brokerage Services Receives a Top Ranking in Investment Advisor Magazine’s Top 25 Broker-Dealer Rankings

Summit Brokerage Services in Financial Planning Magazine FP50 Broker-Dealer Rankings

Summit Brokerage ServiceFinancial Planning, one of the industry’s leading publications, recently recognized Summit Brokerage Services in its annual FP50 B-D rankings. In addition to being ranked as one of the top 50 largest independent broker-dealers, Summit was ranked in all six major categories including top 15 in the highest average payout category, top five in revenue growth, top 40 in total client assets, and top 40 in number of corporate staff. Continue reading Summit Brokerage Services in Financial Planning Magazine FP50 Broker-Dealer Rankings

A Slip Of The Tongue Could Cost You Your Business

A slip of the tongue could cost you your businessBe vigilant during all client conversations and stay current on regulatory obligations

A close friend of mine in the industry had been an independent financial adviser for decades. He worked hard to build a strong business, made a great living and, most importantly, helped hundreds of clients and their families reach their financial goals and dreams. One day it all came perilously close to crashing down, all at once — and all due to an innocent verbal comment. Continue reading A Slip Of The Tongue Could Cost You Your Business

Summit Brokerage Concludes Leader’s, Chairman’s and President’s Club Members Retreat to Casa de Campo, Dominican Republic

Summit Brokerage Concludes Leader’s, Chairman’s and President’s Club Members Retreat to Casa de Campo, Dominican RepublicRecord number of advisors qualify and attend Summit’s Conference

 

Boca Raton, FL, June 9, 2015 – Summit Brokerage Services, the #1 Independent Boutique Broker-Dealer in the Country*, is pleased to report a record number of financial advisors qualified for its recent Leader’s, Chairman’s and President’s Club Getaway to Casa de Campo, Dominican Republic. Casa de Campo, located in La Romana in the Dominican Republic, provided Summit’s advisors with a location where they could rest and relax while offering the option to participate in multiple sporting and recreational activities including golf and trap shooting. Summit’s advisors and their guests enjoyed a fun-filled weekend of relaxing, fine dining, and exciting entertainment. Continue reading Summit Brokerage Concludes Leader’s, Chairman’s and President’s Club Members Retreat to Casa de Campo, Dominican Republic

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