The replay for the webinar I did on productivity for The Standard® Webinar Series is now available. I hope you enjoy the replay and take away a few tips on how you can get the most out of each workday.
Click here to visit The Standard® Webinar Series page and view the replay (63 minutes). It’s free!
This post was originally published at advisors4advisors.com on July 27, 2009. For continuously updated news, information, and commentary relevant to financial advisors, sign up today.
Nearly all wealth management firms are experiencing declining revenues and increasing operating costs, compressing profit margins in all areas. Here is one simple solution to save time and money on a ubiquitous entry in a firm’s operating expenses: long distance phone calls.
Google has a free 411 service, GOOG-411, that allows users to call nearly any business nationwide and connect for free.
How It Works
GOOG-411 is simple to use. From any phone, dial 1-800-GOOG-411 (1-800-4664-411). At the prompt, say the business name followed by the city and state. GOOG-411’s voice recognition will attempt to match the request to businesses listed in its ever-growing directory. If the request is recognized, GOOG-411 offers the top listing and will automatically connect to the business unless given other instructions.
Readers of FPPad.com know that we’re in a recession. Not very many needed the National Bureau of Economic Research to tell them that we’ve been in one since December 2007. While little can be done to cure the ills of the global economy, advisers can evaluate how their business is positioned in order to thrive in the face of economic pressures.
I want to comment about positioning a practice in a recession after reading David Drucker’s article on Morningstar Advisor, Practice Management in a Recession.
Drucker interviewed two broker-dealer firms to discover what their reps are doing to respond to the recession. What are they doing? First, reps are committed to continued spending on marketing to new clients, and second, they are looking to reduce operational inefficiencies in their practice.
