Power Your Advice

By AdvisorpediaBusiness Investing Management

Power Your Advice episodes

June 10, 2022Episode 94 – The Impact of Technology on Personal Finance – With Dani Fava
Dani Fava is the Head of Strategic Development at Envestnet, a company whose mission is to empower advisors and financial service providers with innovative technology, solutions and intelligence to make financial wellness a reality for everyone.
Doug and Dani sat down at the Envestnet Advisor Summit and talked about the changing landscape of personal finance and the impact of technological growth. They also discuss
The challenges being faced by the changes in personal finance
How different generations spend differently
What personalization means to Dani
Why embedded finance deserves a focus
What role embedded finance plays in an intelligent financial life
Resources: Envestnet

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12 min
June 10, 2022Episode 93 – What the Changing Wealth Landscape Means to Your Practice – With Quinton Aslton-Spratt
Quinton Alston-Spratt is the Head of Advisor Practice Management at Franklin Templeton, a company that serves as a full-service broker-dealer and registered investment adviser.
Doug and Quinton sat down at the Envestnet Advisor Summit and talked about how Franklin Templeton created the “Changing Phases of Wealth” program to help financial advisors prepare for the changing landscape.
They also discuss:
How Franklin Templeton aims to build relationships with different groups of people
How financial professionals should diversify their business
Simple steps to build meaningful relationships
Resources: Franklin Templeton
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19 min
June 09, 2022Episode 92 – Managing Wealth for 100 Years – With Rick Pitcairn
Rick Pitcairn is the Chief Investment Officer at Pitcairn, a business that has partnered with some of the world’s wealthiest families to meet their needs and drive better outcomes – year-to-year, decade-to-decade, generation-to-generation.
In today’s episode, Doug and Rick talk about the evolution of financial investments over the last 100 years and how Pitcairn helps families grow their investments and legacies. They also discuss:
The growth of Pitcairn’s legacy
Transition of the equity market with recent events
How investors can both succeed and fail in today’s market
How an investor views advantages to long-term and nimble capital
Resources: Pitcairn

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22 min
June 09, 2022Episode 91 – What to Consider Before Changing Firms – with Jaime Golden
Jaime Golden is the President of Acquisitions at Kingswood U.S., an SEC-registered RIA and a FINRA-licensed broker/dealer that offers comprehensive wealth management and business-building services designed specifically for the independent financial advisor.
In today’s episode, Doug and Jaime talk about the importance of advisors finding the right fit and what they should take under consideration when making a move to a new firm. They also discuss
Whether or not the types of advisors looking for new homes have shifted
How factors outside of market performance drive advisors to entertain a change
Why advisors should look for a good cultural fit in a new firm
How advisors can evaluate whether or not a new broker-dealer is a good fit
How Jaime & his team help advisors find a voice at Kingswood U.S.
How Kingswood U.S. works to ensure its culture carries through to all its employees and advisors
Resources: Kingswood U.S.

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12 min
May 23, 2022Episode 90 – Finding Opportunity in Yield Markets – With Benjamin Hurn
Benjamin Hurn is the senior vice president of Channel Development at YieldX, an end-to-end digital platform with smart workflows, AI-powered analytics and a reimagined user experience for financial professionals and investors in the fixed income markets.
Doug and Ben sat down at the T3 Advisor Conference and talked about the growing trend of advisors planning for income streams for their clients. They also discuss
The current yield environment & what Ben sees coming
How yield planning can differentiate advisor firms
The move away from product to advice
How advisors can discuss outcome-based solutions with their clients
How YieldX helps advisors and their clients be more successful.
Resources: YieldX
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13 min
May 20, 2022Episode 89 – Why Sustainability is Important for Wealth Management – With Lydia Pinnell Lawrie
Lydia Pinnell Lawrie is the senior strategist at Clarity AI, a company that brings societal impact to markets. They build-in a customizable, scalable sustainability tech kit to your existing workflow, which empowers you to efficiently and confidently assess, analyze and report on anything valuable to your clients and everything required by law.
Doug and Lydia sat down at the T3 Advisor Conference and talked sustainability and the importance of it in wealth management. They also discuss
Increasing demand for sustainability across the industry
Ways to discuss sustainability with your clients
How to think about including sustainability as a way to deliver personalized advice to your clients
The big idea behind Clarity AI and how advisors can work with their technology platform
Resources: Clarity AI
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10 min
May 19, 2022Episode 88 – Winning Strategies of Elite RIAs (Part One) – With Mike Watson
Axos Advisor Services is an RIA custodian that delivers individualized attention, intuitive technology, and knowledgeable consulting support to financial advisors. In his role as the head of RIA Custody there, Mike Watson is in a unique position to observe, understand and help advisors make sense of the constant evolution of client expectations and their own business models.
In today’s episode, Doug and Mike talk about Axos Advisor Services recent research study: “Winning Strategies of Elite RIAs”:
Who are these elite RIAs, and what makes them “elite”
What characteristics make them unique
Strategies that make RIAs more productive and profitable
How elite RIAs define themselves differently from others in the same space
Why their service model and use of capital sets them apart
How are elite RIA fees different from other, and whether or not Mike sees a change coming to fee structures
Resources: Axos Advisor Services

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26 min
May 17, 2022Episode 87 – Moving Captive Advisors to the Land of the Free – With Danielle White
Danielle White is the owner of Myriad Advisor Solutions, a business consulting firm and one-stop shop for independent financial advisors.
Doug and Danielle sat down at the T3 Advisor Conference and talked about the continued migration of advisors and why they decide to change firms. They also discuss
The fears/concerns that prevent advisors from moving
The mechanical things advisors need to consider when going independent
How Danielle recommends advisors think about coming up with a name for their new firm
How Myrad Advisor Solutions helps independent advisors think about and build their tech stack
Examples of when Myriad has helped advisors go independent
Resources: Myriad Advisor Solutions
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15 min
May 16, 2022Episode 86 – How to Add Ideal Clients by Getting Personal– With Drew Force
Drew Force is the founder and creative director of Force Brand Design, a brand development agency in Portland, OR. Drew has been helping people and companies go beyond storytelling to tell the truth for decades.
In today’s episode, Doug and Drew discuss marketing – where they both see the industry doing well, and where they see room for improvement. They also discuss
Why it is important to be deliberate with the language you use
Why you should think beyond investable assets when identifying your ideal client
Why it is important to find and define your purpose
How to think about and clarify what makes you unique
Drew’s Short Form Bios, and how they help tell a more personal story
What does it mean to “tell the truth” in marketing
Resources: Force Brand Design

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17 min
May 16, 2022Episode 85 – A Suite of Apps That Can Transform Your Business – With Gerry Murphy
Gerry Murphy is the CEO of Arcus Partners, a forward-thinking, fintech and service-focused company whose team and unique brands align with their clients, partners and investors to continuously improve how financial services companies run and grow their businesses.
Doug and Gerry sat down at the T3 Advisor Conference and talked about his passion for new technology and why he joined Arcus Partners to help solve advisor challenges. They also discuss
Technology changes faced by advisors today
How COVID pushed the digital transformation to move faster
How Arcus’ “360” products can help advisors transform workflows & better manage their businesses
How their apps help improve the client experience
Resources: Arcus Partners
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13 min

About Power Your Advice

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Power Your Advice is about discovering ideas that help you do and be more for your clients. In this podcast series, Advisorpedia seeks out and chats up industry innovators to help you understand who…