Advice firms that are ahead of the tech curve can gain efficiencies with time and money and a competitive advantage in the market. Vanguard RIA Chief Michael Lovett offers advisors strategies for effectively leveraging technology.
One of the most valuable services you can provide as a financial advisor is behavioural coaching. You can help clients ignore sensational headlines and other market "noise" by serving as an emotional circuit breaker and coaching them on the strengths of a balanced portfolio.
Vanguard experts discuss some behavioural coaching tips and explore topics such as understanding common client missteps, helping clients maintain a long-term view, and articulating the value of behavioural guidance.