Are you an iPad(visor)?

By Gary DeAsi, ByAllAccounts on Wednesday, March 16th, 2011

As the Marketing Coordinator at ByAllAccounts, I spend an almost unhealthy amount of time frisking trade publications and social media sites for fresh perspectives and opinions to feed the discussion of trending topics in the financial services industry (not to say that I don't enjoy it). However, one such topic I never seem to have trouble digging up chatter about is the usefulness of the Apple iPad as a business tool for financial advisors. The popularity of this thing among financial professionals is unbelievable...But what, exactly, is it about the iPad that seems to resonate so well in the world of financial advisors?..Read More »

Who Can Be Trusted? The Fiduciary Differentiator

By Karla Paxton, Technical Relationship Manager on Wednesday, March 9th, 2011

The discussion regarding the implementation of a common fiduciary standard for anyone giving financial advice may be shelved far back in the minds of congress, but for an investor making a decision on whom to trust as their financial advisor it is still very important...Read More »

Messes You Can Avoid by Reconciling Your Account Data Daily

By Brian Gannon, Technical Relationship Manager on Thursday, March 3rd, 2011

Rare is the advisory firm that doesn't understand the importance of reconciling account data. For most, it's about as much a given as meeting with clients. Surprisingly though, far more common is the firm that doesn't see the need to reconcile data on a day-to-day basis. If I were to ask an RIA how often their firm reconciles their custodial data, they might say every couple days, weekly, maybe even bi-weekly--and I might think that they're not crazy. But I doubt it. To me, reconciling your accounts once-a-week is like washing your dishes once-a-week--checking your oil once-a-year or going for a physical once-a-decade--you just don't let it go that long. And the longer you do, the greater the mess and harder it is to clean...Read More »

Top 3 Standouts from the 2011 T3 Annual Conference

By James Carney, CEO ByAllAccounts on Friday, February 25th, 2011

Each year, industry professionals flock from all over for the T3 conference--the altar at which the marriage of technology and financial planning is honored in an annual renewal of vows. With so many new innovations and changes in the marketplace occurring this past year, the 2011 conference was like a boiling pot for practice management and technological integration. The following are what I consider the top 3 standouts stirred from the conference:..Read More »

You’ve Decided to Take Custody…Now what?

By Barbara Kotlyar, Senior Marketing Manager on Wednesday, February 23rd, 2011

I recently had a chance to sit down with Tim Jackson of Carlson Capital Management to discuss the driving factors of his firm's decision to take custody, and the steps they took in the process of doing so...Read More »

Top 3 Takeaways from TD Ameritrade 2011 National Conference

By Joseph Murphy, EVP Sales on Friday, February 18th, 2011

I recently had the pleasure to escape the ravages of winter in Boston and visit sunny San Diego to participate in the annual TD Ameritrade Conference. While at the show, I enjoyed a number of very powerful sessions addressing an array of issues in realms of practice management, custody, compliance, technology and more, including Colin Powell's enthralling speech on leadership (which I'm sure many of you have already been reading about). Returning to Boston, though I was unable to bring the warm weather back with me, I did manage to salvage some valuable souvenirs to share with you all, in what I deem the top three takeaways from the 2011 TD Ameritrade National Conference for an RIA to consider...Read More »

High Value, Low Cost Advisory Services

By James Carney on Wednesday, February 16th, 2011

How advisors can provide a high value, low cost service through fostering a relationship with a client's children...Read More »

What Does “Fiduciary” Really Mean?

By Amy McIIwain, President, Financial Social Media on Tuesday, February 15th, 2011

Amy McIIwain, President, Financial Social Media

An interview with Nancy Hradsky, Special Projects Manager, NAPFA "Fiduciary" is one of the industry's hot topics. The National Association of Personal Financial Advisors (NAPFA) has been a champion of the fiduciary standard since the mid 1990s, well before it became popular. I recently had the opportunity to speak with Nancy Hradsky, Special Projects Manager for NAPFA, and get her perspective on the fiduciary standard...Read More »

6 Tips and Tricks for Running a Great Webinar

By Barbara Kotlyar on Thursday, February 10th, 2011

Webinars are a great way to educate clients, attract prospects and set yourself apart from the competition. The key to a successful webinar is planning and content. Below are some tips to help you increase webinar registrations:..Read More »

The Financial Advisor’s Guide to LinkedIn – Part 5: Prospecting: The 3 Most Effective Strategies

By Loic Jeanjean and Lisa Craviero, Advisor Websites on Monday, February 7th, 2011

Welcome to Part 5 of our complete LinkedIn guide for financial advisors. For those of you unfamiliar with the business-oriented social networking site, LinkedIn offers a number of features that will help increase your visibility within the financial industry and promote your services. Part 5: Prospecting: The 3 Most Effective Strategies As a financial advisor, you likely spend a fair amount of time trying to get referrals and prospecting for new clients. While LinkedIn is a social networking site, you can also strategically use it as a way to prospect and generate new clients. As the following statistics show, LinkedIn users are a very attractive group to target...Read More »