Starting in March of 2020, leaders of wealth management firms suddenly had a new challenge thrust upon them. How to lead a team of folks who were all working from home? Many of them for the first time in their careers.
For independent broker-dealers the challenge was amplified as leaders like Tammy Robbins, VP of Business Development at ProEquities, my guest on this week's episode of the Modern Financial Advisor Podcast, found themselves needing to help the hundreds of independent financial advisors who were also suddenly working from home.
As Tammy and her team have discovered, the new "work from home" reality may have some long-term benefits for advisors and the industry as a whole.
Resources Related to this Episode: Effective leadership for a modern wealth management firm has evolved rapidly over the years. Below are a few other resources to help you and your team:
Retaining Advisors and Assets During Critical Times - There is likely going to be a lot of advisor turnover in the coming year or so due to the COVID-19 pandemic. As Carla McCabe points out in this article, relationships with advisors are often "tricky" during normal times.