Insights
In The Press

Study: 58% of independent advisors would abandon broker ties under DOL rule

Posted on Feb 01, 2023

More than half of all independent financial advisors say they would cut ties with their affiliated brokerages if the only other alternative under a proposed federal rule is to become a direct employee. So suggests a study released on Jan. 18 by the Financial Services Institute, an industry group and lobby representing roughly 160,000 advisors […]

Continue Reading
In The Press
Four Business Myths Advisors Can Ignore This Year

As an advisor, it’s easy to get distracted by noise in our industry. Every day you are inundated by hundreds of articles, blogs and webinars telling you what you have to do in order to build a successful business. What this advice often fails to include is the disclaimer that what works for one advisor […]

Penny Philips Advisor Coach
InsightsWealth Management
The Most Important Decision Advisors Should be Weighing About Their Practices

Advisorpedia interviewed Penny Phillips, Co-founder & President of Journey Strategic Wealth, at the Riskalyze Fearless Investing Conference in October 2022.

Nov 09, 2022
Practice Management with Penny Phillips
InsightsWealth Management
How to Focus Your Marketing Efforts

As conference season comes to a close, avoid paralysis by analysis by taking concrete action on marketing your practice.

Nov 04, 2022
Transitions, Transactions & Promotions: SageView, Journey Strategic Wealth Acquire Women-Led Practices
InsightsWealth Management
Transitions, Transactions & Promotions: SageView, Journey Strategic Wealth Acquire Women-Led Practices

A Huge New Hybrid RIA Emerges, Women-Led Firms Conduct Strategic M&A And Three Big Firms Make Executive Promotions From Within. Journey Strategic Wealth Brings On Three Advisory Teams With $210 Million In Assets. Woman-led Journey Strategic Wealth (JSW) is adding three teams with six advisors, representing a combined $210 million in new AUM for the […]

Oct 27, 2022
Serving Clients: Penny Phillips
InsightsWealth Management
Penny Phillips, Dave Welling, Jason Wenk: How to Serve More Clients, Better

While financial advisors face serious business challenges, these tough issues also serve as opportunities for them to reshape their firms and the industry, according to several RIA leaders who spoke Monday during a panel discussion at the Future Proof conference in Huntington Beach, California.

Practice Management
InsightsWealth Management
Practice Management: How To Connect Deeply in Conversations

Active listening is a powerful tool advisors can use to gain insight into how to communicate with clients and effectively coach them toward intentional action.