Industry Insightfuls Share Solutions to the Greatest Challenges Facing Financial Advisors Today

On September 16, 2011 in San Diego, California, several leading advisors and industry thought leaders took the mic at this year's FPA Twitter Live session. This year, the focus was the biggest challenge facing advisors as we round the corner and head into 2012 and, more importantly, how to overcome it -- according to these insightful contributors.

This is the third year FPA has asked me to organize and record Twitter Live. You can see the video clips from the 2011 conference as well as 2010 and 2009, below. 

 
I hope you'll watch each of the 2 minute videos. Do post your comments on this blog if you'd like to add to the conversation!

Marie Swift

 

More Video Clips on the Way!

Here are the first few video clips from FPA Twitter Live in San Diego (September 16, 2011).

I'll be posting the rest of the video clips, one per day, over the coming week.

To get automatic notices of new postings:

1.  Follow me on http://www.Twitter.com/MarieSwift
2.  Connect on LinkedIn or FaceBook
3.  Follow this blog (see right hand widget area and it should be obvious how to do that)

Coming soon - insights from:

- Bob Veres, Inside Information

Posted below, are insights from:

- Sheryl Garrett - Garrett Planning Network
- Ron Lieber - The New York Times
- John Brackett - BAR Financial
- Deborah Fox - Fox Financial Planning Network
- Kevin Condon - MyFinancialAdvice.com
- Dave Hubbard - Exemplar Financial Network
- Geoff Davey - FinaMetrica
- Cameron Thornton - The Heritage Institute
- Ed Jacboson - Appreciative Inquiry / Ed Jacobson & Associates
- Darryl Celkupa - Tamarac, Inc.
- Michael Kay - Financial Focus / Money Quotient

Sheryl Garrett Says Planners Wise to Offer Real Time Planning, Debt & Credit Counseling

Sheryl Garrett, CFP, AIF, founder of Garrett Planning Network, addressed the audience while at the FPA National Conference in San Diego, on September 16, 2011. One of the things that Garrett espouses is real time planning -- it's a way for planners to deliver information and advice that provides immediate gratification and helps many clients get what they need, right now. Garrett offers a couple other gems in her 2.5 minute video spotlight.

Watch this 2.5 minute video clip now.

John Brackett says advisors must work in groups, do the right thing, if they are to survive

John Brackett, partner, BAR Financial, a network of over 400 independent advisors and one of the top 3 Regional Directors with Financial Network Investment Corporation, one of the nation's largest independent broker/dealers, says that the way for advisors to battle margin compression is to work in  groups, focus on profitability and "do the right thing." Hear what he had to say while at the FPA National Conference in San Diego, on September 16, 2011.

   Watch this 2 minute video clip now.

Michael Kay tells Financial Planners at FPA National Conference: Time to Build a Better Business, Band Together is Now!

Michael Kay, CFP, founder and president of Financial Focus, LLC, an RIA that provides  a "tuck in" opportunity for smaller and emerging independent advisors who want to gain efficiencies and scale their  practices, says financial advisors need to band together, provide more holistic services and put the clients' best interests first. The president of the Advisory Board for Money Quotient, one of the industry's leading providers of financial life planning tools and training, Kay delivered his comments while at the FPA National Conference in San Diego, on September 16, 2011.

Watch this 2 minute video clip now.

Darryl Celkupa talks about succession planning and maximizing value in the financial advisory business

Darryl Celkupa, vice president of business development with Tamarac, Inc., a company that provides financial advisors with a web-based Investment Strategy Management platform, says financial advisors who do not institutionalize their businesses will be at a huge disadvantage when it's time to transition out of the business. Celkupa delivered his comments while at the FPA National Conference in San Diego, on September 16, 2011.

Hear his words of caution and advice in this 2 minute video clip.

 

Ed Jacobson Says Planners Must Practice Self-Care in the Days Ahead

At the FPA National Conference in San Diego, on September 16, 2011, Ed Jacobson, PhD,  author of Appreciative Moments: Stories and Practices for Living and Working Appreciatively and a psychologist, business coach, consultant and public speaker who works with financial planners and investment managers, said that financial professionals must put their own oxygen masks on first -- before helping other people during touch times.

Hear Dr. Jacobson's advice in this 2 minute video about improving your personal resilience.

Cameron Thornton Says Client Retention is Critical, Shares Thoughts on How to Build Relationships Across Multi-Generations

Cameron Thornton, partner at Navigator Legacy Partners, LLC, a firm that works on behalf of families, individuals and non-profit organizations (often in collaboration with their other advisors) to help the clients achieve what matters most for themselves and their families now, and for generations to follow, talked about client retention and building relationships across multiple generations while at the FPA National Conference in San Diego, on September 16, 2011.

See what he has to say in this 2 minute video clip.

Stephanie Bogan Talks About Building Value in Your Financial Advisory Business

Stephanie Bogan, CEO of Quantuvis Consulting, Inc., a national consulting firm that specializes in business consulting to financial advisors and institutions, talked about maximizing profitability and building enterprise value  while at the FPA National Conference in San Diego, on September 16, 2011.

See what she has to say in this 2 minute video clip.

Dave Hubbard says independent financial advisors must band together if they are to compete effectively with the big name brokerage firms and banks over the coming years

David Hubbard, president of Exemplar Financial Network, a network of over 100 independent advisory firms, and one of the top 10 Regional Directors with Financial Network Investment Corporation, one of the nation's largest independent broker/dealers, says that bigger firms will put smaller firms out of business unless the smaller firms find a way to band together and gain scale. Hear what he had to say while at the FPA National Conference in San Diego, on September 16, 2011.

  Unite or die? Watch this 2 minute video clip now.

 

Kevin Condon says financial advisors must embrace social media, real time planning to stay relevant in today's virtual world

Kevin Condon, PhD, CFP, EVP of MyFinancialAdvice.com, an online financial advice service powered by real advisors in real time for real people, said at the FPA National Conference in San Diego, on September 16, 2011, that financial advisors should embrace social media and real time planner - or risk becoming obsolete. The company is rolling out a new social media training solution to help advisors do just that.

Hear Kevin's insights this 1.5 minute video clip.

 

 

Deborah Fox says financial advisors must systemize their practices now

At the FPA National Conference in San Diego, on September 16, 2011, Deborah Fox, CFP, founder of Fox Financial Planning Network, a training and empowerment company that helps planners build more efficient and profitable businesses, said that financial advisors run the risk of going out of business if they continue to do business they way they always have. Clients are fearful. We are only part way through the recession. Workflows and systems are key.

Hear what Deborah says in this 2 minute video about surviving and thriving in uncertain times.

Geoff Davey says regulators turning an eye toward risk tolerance and suitability of investments

Geoff Davey, co-founder of Finametrica, an international company that offers a cloud-based psychometric risk tolerance assessment tool to financial advisors and savvy investors, sounded the alarm for financial advisors while at the FPA National Conference in San Diego, on September 16, 2011: regulators will be turning an eye toward client's investments and suitability regarding risk tolerance.

Hear his words of caution and advice in this 2 minute video clip.

Ron Lieber talks about the greatest challenge facing middle-market consumers today at FPA Experience 2011

While at the FPA National Conference in San Diego, on September 16, 2011, New York Times columnist and Bucks Blog author Ron Lieber shared his thoughts about the biggest challenge, as he sees it, facing middle-market consumers today: finding independent, objective financial planning and advice -- with terms they can live with and service they can afford.

Hear the challenge he issues to the financial planning community in this 2 minute video clip.