2016 National Conference Agenda Announced

Summit Brokerage Services, Announces Agenda and Theme for its 2016 Conference

Summit Brokerage ServiceBoca Raton, FL, August 16, 2016 – Summit Brokerage Services, Inc. one of the Highest Rated Independent Broker-Dealer in the Country*, announced today the agenda and theme for its 2016 National Conference at the Boca Raton Resort & Club, September 8-10, 2016. Continue reading 2016 National Conference Agenda Announced

Remote Financial Advisor Pros and Cons

What are the Advantages and Disadvantages of Being a Remote Financial Advisor?

Remote Financial Advisor Pros and ConsIn a hypercompetitive financial planning industry, one way to differentiate yourself from other similarly credentialed independent financial advisors is to embrace and offer new technologies to boost the level and size of your practice and provide increased value and services to your clients. Right now, there’s a rapidly growing trend toward financial advisors offering remote/virtual services to their clients. A financial advisor who offers remote/virtual services to his or her clients is known as a remote financial advisor (sometimes also referred to a a virtual financial advisor). Continue reading Remote Financial Advisor Pros and Cons

The Remote Financial Advisor Explained

Financial Planning 2.0: What is a Remote Financial Advisor?

Financial Planning 2.0 What is a Remote Financial AdvisorUp until the very recent past, the vast majority of financial advisors used essentially the same service model, which consisted of working with a client base sourced from their immediate geographic area. These financial advisors would then meet with their clients in person, usually at the financial advisor’s office, to discuss the client’s financial planning needs and goals. Notwithstanding the occasional email or phone call, the majority of communications between a financial advisor and his or her clients took place during meetings—meetings that consisted of actually sitting down with clients in a “real” face-to-face (not to be confused with FaceTime!) conference. Continue reading The Remote Financial Advisor Explained

Helpful Tips for Expanding Your Business: Paying it Forward

Pay it Forward: As a Financial Advisor, Getting Business for Your Clients Can Mean More Business for You

Financial Advisor Client AcquisitionGiven the hyper-competitiveness of the financial planning industry, a financial advisor—regardless of whether they work for an independent broker dealer or a wirehouse firm—must be intensely focused on expanding their client base to maximize their professional success and keep from getting eaten alive by a pack of hungrier financial advisors.  Continue reading Helpful Tips for Expanding Your Business: Paying it Forward

4 Tips to Take Back Business From Robo-Advisors

 4 Tips for Financial Advisors to Lure Investors Away from Using Robo-Advisors

Financial Advisors over Robo AdvisorsAs discussed in the previously published Summit blog entitled “Humans vs. Robots: The Value of Using a Financial Advisor Over a Robo-Advisor,” the use of robo-advisors is becoming increasingly popular. Just to recap: a robo-advisor is an online wealth management/investment portfolio management service that provides users with algorithm-based, automated investment advice and recommendations without the use of human financial advisors. Robo-advisors offer negligible if any human interaction and instead offers portfolio management using computer models based on its user’s responses to its basic online goal and risk assessment tools and questionnaires. Continue reading 4 Tips to Take Back Business From Robo-Advisors

Client’s Nervous About Brexit?

Financial Planning Post-Brexit: How to Quell Clients’ Fears

Financial Planning Post-BrexitWhat is Brexit?

The term “Brexit”—a merging of the words “Britain” and exit”—is a shorthand way of referring to the United Kingdom (UK) leaving the European Union (EU). On June 23, 2016, a referendum was held and UK citizens headed to the polls to vote on just one question: “Should the United Kingdom remain a member of the European Union or leave the European Union?”[1] More than 30 million people voted and “Leave” won by 52% to 48%.[2] Prime Minister David Cameron, who had urged the country to vote Remain, announced his resignation following the vote’s results and will step down from his position in October. Continue reading Client’s Nervous About Brexit?

Humans vs. Robots: The Value of Using a Financial Advisor Over a Robo-Advisor

Why There is Much More Value in Using a Financial Advisor 

The Value of Using a Financial Advisor Over a Robo-AdvisorThe fear that robots will take over our human jobs is not a new and novel fear. At present day in the financial planning and investment industry, the use of robo-advisors is skyrocketing. A robo-advisor (sometimes called “robos” for short) is an online wealth management/investment portfolio management service that provides users with algorithm-based, automated investment advice and recommendations without the use of a human financial advisor. Robo-advisors offer negligible if any human interaction and instead offers portfolio management using computer models based on the user’s responses to its basic online goal and risk assessment tools and questionnaires. Continue reading Humans vs. Robots: The Value of Using a Financial Advisor Over a Robo-Advisor

How and Why Independent Financial Advisors Use Data Aggregation Technology

Financial Planning 2.0: Why Independent Financial Advisors Should Leverage Data Aggregation Technology

Independent Financial Advisors and Data Aggregation TechnologyIn a hypercompetitive industry where independent financial advisors and their client services offerings are becoming increasingly similar to each other, offering the status quo is no longer enough to establish and grow a thriving financial advisory practice. It no longer cuts it to be an independent financial advisor with years of experience, credentials, and glowing recommendations who develops customized financial plans for each of their clients. The present reality is that while all these things are great, they are no longer differentiators but rather just the mere baseline to get your foot in the very crowded door. Continue reading How and Why Independent Financial Advisors Use Data Aggregation Technology

Financial Planning Tips for College Students: Part II

Personal Finance 101: More Tips from a Financial Advisor for College Students

Tips from a Financial Advisor for College StudentsThe importance of college students learning and applying personal financial planning skills cannot be overstated. Today’s college students are attending school in turbulent financial times: we are just coming off the heels of the Great Recession of the late 2000s, and the cost of attending college is soaring while well-paying jobs for recent college graduates are scarce and extremely competitive to obtain. As any prudent financial advisor will tell you, college students need to develop their financial education and capabilities now and cannot just put it off for when they are released into the “real world.” A college student’s personal financial education should focus on improving their financial knowledge, developing money management skills, and increasing confidence about financial decision-making and fiscal responsibilities. Continue reading Financial Planning Tips for College Students: Part II

Financial Planning Tips for College Students

Get Smart! Financial Planning Tips for College Students

Financial Planning Tips for College StudentsHere on the Summit Brokerage Blog, we previously published a blog entitled “Financial Planning Tips for High School Students Considering College.” Now it’s time to discuss financial planning tips for students who are about to begin college or who already are college students. A student’s college years are ripe for real-time learning experiences about financial planning; but real-life experience can be the toughest of teachers. Given the importance of this topic as well as the profusion of financial planning tips relevant and helpful for college student, we’ve split this topic into a two-part blog series. The instant blog will discuss creating a budget, smart credit card usage, and graduating early to save money. The upcoming second blog is entitled, “More Tips from a Financial Advisor for College Students and Smart Money Management” and will cover financial planning tips concerning college meal plans, college housing, and saving money on textbooks. Continue reading Financial Planning Tips for College Students

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