Do you wish to rework your monetary advisory apply? Enhance your understanding of complicated monetary ideas and funding options? Find out about modern instruments that can assist you function at scale?

Among the finest methods to take action is to attend an trade convention or one supplied by your advisory agency associate. You’ll hear from main thinkers within the monetary companies house, and you’ll get to attach with a group of your friends in a novel social setting. 

Commonwealth believes within the energy of studying and group. We’ve got a protracted historical past of providing instructional—and enjoyable!—conferences to our advisors. And in November 2022, we have been elated to carry our first in-person Nationwide Convention since 2019. Almost 2,000 advisors and their workers, trade companions, and residential workplace workers met in San Diego for 4 days of enterprise updates, inspiring keynotes, informative breakout periods, instructive workshops, and particular occasions.

With a theme to “Discover the Good,” our mission was to have a good time the work our attendees do every day to help their shoppers, colleagues, and communities.

Sharing Our Imaginative and prescient

We all the time have our eye on enhancing the private {and professional} lives of our advisor group, and we’re undoubtedly not ones to relaxation on previous success. We come to the Nationwide Convention ready to share main enterprise updates and initiatives with our advisors, to allow them to be taught the whole lot we’re doing to take care of our independence and help their progress objectives.

This yr, we introduced three main initiatives:

1. Our aim of reaching $1 trillion in AUM within the subsequent decade, permitting us to extend reinvestment within the agency to profit our advisors

2. A discount of our platform price pricing, bringing value financial savings to advisors and their shoppers

3. An enlargement of our outsourced enterprise options providing, permitting advisors to scale their companies

Inspiring Private Development and Change

After all, no convention could be full with out keynote audio system to thrill and encourage.

On our major stage, sharing insights on private progress, giving again to the group, and paying it ahead, was Earvin “Magic” Johnson, basketball Corridor of Famer, NBA legend, and entrepreneur. He was joined by Laila Ali, four-time undefeated boxing champ, best-selling creator, mom, and spouse, who talked with our personal Peggy Ho, senior vp, common counsel, and chief threat officer, in an intimate fireplace chat.

Attendees additionally heard from Mia Hamm, American soccer icon and two-time Olympic gold medalist and World Cup champion, about main groups and galvanizing change in a fireplace chat with Andrew Daniels, managing principal, advisor engagement. J.J. Johnson, chief communications officer and government vp of communications, public affairs, and coverage at Constancy Investments, chatted with John Rooney, managing principal of our San Diego workplace.

Rounding out this panel was Robert Mazur, the previous DEA agent who infiltrated Pablo Escobar’s Medellín Cartel. He delivered an enthralling and informative true-life account of his expertise throughout our Anti-Cash Laundering session.

Advancing Advisor Data

Monetary advisors have an amazing quantity of experience, however between working a enterprise and caring for shoppers, it may be troublesome to remain on prime of the most recent merchandise, methods, and instruments. Our deep bench and consultants from the trade associate companies that joined us delivered a complete agenda of periods that aligned with the next three content material pillars:  

• Evolve: This was all about serving to advisors perceive what they’ll do now to evolve their apply. Adopting an ensemble enterprise mannequin, going fee-only, and utilizing empathy and curiosity to deepen consumer connections have been a couple of matters we lined.

• Develop: Many profitable advisors are centered on rising their companies and their data. Periods included find out how to meet the wants of high-net-worth shoppers, find out how to recruit younger ladies to the trade, and find out how to use lead technology companies successfully.

• Stream: Success typically hinges on having the ability to run an environment friendly apply. We dug into the nuances surrounding complicated merchandise, find out how to leverage Commonwealth’s highly effective know-how platform, and find out how to shield shoppers from cybercrime.

Nurturing Our Neighborhood

In response to McKinsey & Firm, 66 p.c of Gen Z believes “communities are created by causes and pursuits, not by financial backgrounds or instructional ranges.” We agree. It’s why our Neighborhood staff, led by Jessica Fougere, senior vp, is concentrated on creating microcommunities of advisors centered on enterprise niches, objectives, or private passions.

Our aim is two-fold: we wish to assist advisors really feel a part of one thing greater than themselves. And we wish to enable them to foster and deepen connections by sharing insights and greatest practices. By doing so, we assist elevate the skilled and private progress of our group.

The Nationwide Convention was a sandbox for these efforts. We supplied alternatives for various teams—chief working officers, members of household practices, next-gen advisors, and Commonwealth ladies advisors—to return collectively and develop relationships that may keep it up lengthy after the convention ends.

Need a nearer look? View this interactive SlideShare for a glance behind the scenes and learn the way inspiration, studying, and group converged at our Nationwide Convention.

The place Will the Future Take You?

Our subsequent Nationwide Convention is already on the calendar for October 11–14, 2023, in Colorado. Will we see you there? Contact us at this time to be taught whether or not Commonwealth could possibly be the agency associate to energy your apply into the long run.