My Advisor Community– What Are Other Advisory Firms Doing or Not Doing?
I am so lucky! I work with the most amazing clients. Now to be fair to myself, I did this intentionally. One of the best things about being my age (no need to mention a number…just assume I’m “mature”) is I am wise enough to know that working with clients who don’t share my values (family, quality of life, etc.) is going to be, at the very least, frustrating and at the very worst, damaging to my health. Unfortunately, I know this from past experience. This is why I don’t take on every prospective client who comes my way. It’s very liberating! I highly recommend it.
So where am I going with this? I believe the very best advisors want to share information with other advisors. Now, let me quantify that statement a bit. I’m not suggesting you share a proprietary process or give away the “secret sauce” but if they stumble onto a new technology for instance – and it can range from something small like scheduling technology to something larger, like changing portfolio management software – they are happy to have me share it with my other clients. In that way, my firm has built an informal community of advisors who are assisting each other.