Adult Day Care or A Team of Strength (Part 1)

It is great to see a dysfunctional team come to our offices after having gone through our Communication Assessments. Countless times, we have shown how a team can be reorganized based on the strengths of team members instead of job descriptions. With the title "financial advisor," so many of these individuals are required to do it all even if they are on a team.

Yes, when you first start in the investment industry, you have to prospect, network, handle your own operations, mange the money, contact the clients, and much much more. Even after advisors pair up with other financial advisors, they continue trying to be all things to all people. This is an unhealthy and detrimental business model for a financial planning organization and can only lead to anxiety, stress, and discouragement.

The good news is it doesn't have to be this way. Tomorrow I will explain how we can help change a financial planning and wealth management practice from an adult daycare into a Team of Strength.