The ClientWise Blog

Curated Content for Financial Leaders (Week of June 15)

Posted by Ray Sclafani on Jun 12, 2020 3:30:00 PM

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Each of these important articles and podcasts have been thoughtfully curated, timely, and helpful for you and your team.

Wealth Management Research Report | BluePaper published by Oliver Wyman and Morgan Stanley
Covid 19 has permanently changed the way Wealth Managers deliver advice and serve clients. To drive outperformance over the next 5+ years, firms should double down on technology investments, strategically cut costs, build differentiated product offerings and consider inorganic opportunities.

RIA Firms May Face Succession Crisis - Barron’s
No kidding! The data doesn’t lie, but DeVoe & Company does a helpful job of highlighting the seriousness of the issue in their recent survey of 118 RIAs. Be sure to sign up for the Barron’s Advisor Center.

Leadership in the New Now | BCG
Head, heart, and hands. BCG provides seven “people priorities behind the crisis” and is a helpful read. Excellent graphic to share with your team.

3 Things You’re Getting Wrong About Organizational Change
HBR and Nadya Zhexembayeva outlines three very specific ways to flip conventional thinking when it comes to organizational design, which is something every RIA is focused on when scaling and growing their firm.

How to get your brain to focus during moments of chaos
This will take you 4 minutes to read. It’s by Aytekin Tank and provides terrific advice on how to remain focused.

DOL Fiduciary Rule Reboot Lands at OMB | ThinkAdvisor
Preston Rutledge, assistant secretary of Labor for the Employee Benefits Security Administration, who was charged with spearheading a new fiduciary rule to align with Reg BI, left his post at the end of May. The Labor Department sent its fiduciary rule to align with the Securities and Exchange Commissions Regulation BI to the Office of Management and Budget for review.

The Reg BI Battle Comes to a Head
Will Michael Kitces and a band of state AGs stop the rule before its compliance date next month?

Elon Musk: The future we're building -- and boring | TED Talk
More than 17 Million people have watched this Ted Talk. It’s 40 minutes worth watching. It’s always exciting to see a genius speak about the future. Recorded April 2017 and just as relevant in June 2020. He must have a crystal ball.

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Topics: Leadership, Crisis