Practice Management Insights & Resources

The financial services industry continues to change rapidly. Our top priority is ensuring that advisors are in the best position possible to serve their ever-evolving clients. With a leadership team made up of former practice management experts and consultants, we proactively provide content, coaching & best practices around five core areas of practice management: client acquisition, client engagement, human capital, operational efficiency, and business planning.

Featured On WealthManagement.com

How to Ensure Your UVP, Mission and Vision Statements Are Effective

We spend an inordinate amount of time in this industry training advisors how to craft statements: elevator pitches, unique value proposition (UVP) statements, mission statements, vision statements, etc. But we spend virtually no time teaching advisors how to use those statements to help shape and lead their practices.

What Happens When You Resign From a Non-Broker Protocol Firm?

Non-Broker Protocol breaks can be challenging if you are not prepared for what could happen before, during and after your transition. If you are considering transitioning out of your firm, the first thing you should do is find out if your firm participates in Broker Protocol. The Broker Protocol is an agreement between firms enabling...

Should Advisors Force Employees Back to the Office?

Last week, Morgan Stanley CEO James Gorman told his 60,000 employees to come back to the office. “If you can go to a restaurant in New York City, you can come into the office. … If you want to get paid New York rates, you work in New York,” Gorman said. “None of this ‘I’m in Colorado…and...

How to Facilitate Impactful Professional Development Reviews

For years I would send a reminder out to advisors at the end of every quarter: “Don’t forget to schedule professional development reviews with your team members.” I would usually get one of two responses: “Thank you! I completely forgot. We’re so busy we barely have time” or “I dread these meetings because I end...

How to Successfully Integrate an Associate Advisor Into Your Practice

If I ranked all the questions I get from advisors by order of popularity, “Why can’t I find the right person to be my associate advisor?” would place in the top five. Perhaps even top three. I have found that the answer to this question has much more to do with the way advisors structure...

View Our YouTube Channel

When to Use Network Drives vs. the Cloud

In this video, Chief of Staff Erin discusses how to streamline your document management process.

How to Be Productive During an “Off Week”

In this video, Penny discusses ways to stay productive and efficient when you have a light calendar.

How to Wow Prospects Without Trying

In this video, Penny discusses simple steps you and your team can take to wow prospects and new clients.

How Should Advisors Charge Fees?

In this video, Penny provides best practices around articulating fees to clients and structuring advisor services and fees.

How to Optimize Your Team Before a Merge or Transition

In this video, Penny discusses what you may need to change about your team before leaving for a new firm.

How to Work “On” the Business Daily

In this video, Penny discusses what you may need to change about your team before leaving for a new firm.

Which Aspects of Marketing Should You Outsource?

In this video, Penny discusses best practices for advisors who are struggling with what to keep “in house” and what to “outsource” as it relates to marketing.

JSW Newsletter

Practice Management Monthly – August 2021

When we launched Journey, we had a vision of changing how the industry defines independence for advisors. Not only have we built a firm tailored to advisors who want both independence AND full-fledged practice management support, but we’ve also created best practice resources for financial advisors across the entire industry.