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One of the more interesting aspects of the financial advisory industry is the prevalence of prognosticators who predict trouble for the long-term sustainability of independent advisors.  Case in point:  Mark Hurley. 

For those of you who are not familiar with Hurley, he is the CEO of Fiduciary Network, a financing company that provides succession capital to advisors.  Hurley has just released a new white paper entitled, “The Brave New World of Wealth Management.” http://www.fiduciarynetwork.com/brave-new-world-of-wealth-management/

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These days, there is a lot of talk about integration, with most industry pundits, broker dealers and custodians limiting their focus to the topic of technology integration. Designed to drive advisor efficiency, technology integration is mostly focused on bringing systems and applications to work better together and to decrease the number of steps necessary to complete various tasks.  

However, for those of us who are practicing financial advisors, I think there is another meaning of the definition of integration ...

On a recent trip, I was walking down the streets of New York City and I couldn’t help but notice the proliferation of Starbucks coffee shops.  The iconic branding of the Starbucks logo and the lines to get a simple cup of coffee strike me as something that has profound implications for financial advisors. 

Starbucks has mastered providing a consistent customer experience. How have they accomplished this? It has systematized the process of procuring coffee ...

Welcome to Fox Financial Planning Network’s Blog! 

As part of our commitment to transforming the way advisors operate by providing the tools, templates, workflows and consulting to systematize the delivery of financial planning/wealth management services, this space will provide the latest news, trends and happenings to help you create your ideal firm.

I’ve been a practicing financial advisor for 28 years. I feel so fortunate to have been able to work in a career that has ...