For your prospect, what they have to say takes precedence. Of course, if you’re asked a question, the prospect has signaled an interest in your opinion. Until then, put your agenda away. Don’t assume anything.
Advisor Newsletters
The Wrong Ball
There’s only one surefire way to get people to like and trust us: Empower them to talk about themselves. Let them guide the conversation.
You’re No Angel
Rather than denying the existence of conflicts, a better approach would be to adhere to the fiduciary Best Practices formulated by the Institute for the Fiduciary Standard.
“Value” is Relative
With investments becoming a commodity, advisors have shifted to demonstrating “value” by offering a wide range of other services. At their core, these services involve comprehensive financial planning.
An Empathetic Misunderstanding
A recent study described my flawed process as “perspective mistaking.” Through an elaborate series of experiments, the authors concluded our assumptions about the perspectives of others – including people we presumably know really well – are often incorrect.
You May be on the 8th of your 9 Lives
If you’re like most of your competitors, you’re still charging a fee based on assets under management. Here’s where I see trouble on the horizon.