According to a report by Cerulli, U.S. Advisor Metrics 2023, the financial advisor industry has a headcount problem. Over the next decade, 109,093 advisors plan to retire, comprising 37.5% of industry headcount and 41.5% of total assets. Meanwhile the rookie failure rate hovers around 72%. The industry clearly needs to refocus and develop new models and strategies to succeed and serve an ever-growing population of individuals that need their services.
Join us for a moderated discussion with Aaron Klein, founder and former CEO of Riskalyze, later rebranded Nitrogen. Aaron led the company through 42 consecutive quarters of growth, scaling to serve tens of thousands of financial advisors. Aaron will share his expertise on how advisors can refocus their business to better serve today’s clients.
During this session you will learn about:
Your value drivers as an advisory business.
The key value drivers for any business are product and distribution. How should advisory businesses see themselves through that lens?
How the Internet has flipped what is scarce.
Advisors have to shift away from their old habits of hoarding expertise and information and understand that attention is the currency of our new era.
How AI is going to impact the advice business.
For those who haven’t become big users of AI yet, let’s talk about how to dip their toes in and start understanding this transformative technology. It’s going to change a lot, but it will be a force that helps the human advisor.