Talent Management After COVID And The Future Of Alts 

Larry Roth, CEO,
Wealth Solutions Report

Plus How To Find The Right Lawyer, The Latest In Recruiting, A Rising Wealthtech Conference, And Are You Ignoring Half Your Clients?

To My Fellow WSR Community Members:

The reign of photographic film

Do you remember the days of the “Kodak moment?” Eastman Kodak once towered over the American landscape, held a coveted spot in the Dow Jones Industrial average and – more importantly – in popular culture both in the United States and abroad.  

Then digital photography arrived, and Kodak was slow on the uptake. After bankruptcy and reorganization, selling off business lines and patents, the once mighty giant isn’t what it used to be – as financial advisors well know.

Sometimes the world shifts around us, and we must evolve or face extinction, as is ongoing on numerous levels in wealth management today. This includes the possibility that alternative investments might be carving out a permanent space in the advisory landscape and talent management overcoming the effects of COVID, both topics we explore for you.

In addition, we bring you our Recruitment Roundup, a wealthtech company’s new CEO, sagely advice about finding the right attorney and communicating with “non-financial” clients, and coverage of a new potentially annual wealthtech conference.


This Week’s Issue

Here’s what we have for you this week:

The right lawyer?
  • How do you find the right lawyer? In our Beltway & Beyond section, securities and financial advisory attorney Scott Matasar, of Matasar Jacobs, answers that question and gives his views on the case to an anonymous reader who is facing arbitration because the heirs of their recently deceased clients claimed that the investments didn’t grow enough.
  • Do you only communicate with half your clients? In ourUpmarket section, Lumiant CEO Santiago Burridge describes how in many client relationships the advisor communicates only with the “financial” spouse, and how the industry can improve and advisors can grow their business by reaching the “non-financial” spouse.
Our industry is recovering, too

In case you missed it, in our Words in Edgewise section last week we covered DeVoe & Company’s annual RIA Talent Management Survey. It explored the effects of the pandemic on the wealth management workplace, talent management and retention; concluded that negative effects have taken hold in various areas including culture, attrition and succession planning; then offered solutions to overcome these setbacks.

As always, we’re here to provide the best coverage, insights and commentary for you, so please send us your questions, thoughts and suggestions.

We’ve grown rapidly on LinkedIn! Thank you for sharing!

Have a great week!

Cheers!

Larry Roth, CEO

Wealth Solutions Report

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