Practice management for advisors is like the weather: everybody talks about it, but nobody does anything about it. Yes, there are industry studies that look at part of the practice management puzzle, and many consultants and coaches who help individual advisors with their challenges, but AdvisorOne has partnered with ActiFi to do something about practice management.
Specifically, in a new practice management study, we want to define what it is, to determine what advisors want from their custodians and broker-dealers and other partners and to survey what those partners—and yes, the consultants and industry experts—provide to advisors.
But we want to know what really works when it comes to practice management programs and tools. What are your partners spending on their programs, and what are they getting in return? More important, what works for you, and where do you need help from your partners and consultants?
Beginning now, AdvisorOne and ActiFi are seeking advisor input into these issues, as well as input from your partners. You can take the survey (and be entered into a drawing for a free iPad2) at this URL.