January is a good time to review and update your strategic plan for the new year. Most operations-related challenges can be addressed through an active strategic planning process. The Supernova Five Star model will help you in creating a strategic plan because it sets clear assignments, goals and measurement tools for each team member that will keep… Read more »
Posts By: Tim Byrnes
How To Leverage Community Involvement
Supernova recommends FAs serve on two community or non-profit boards. This can be your alma mater, a medical-based, social services, political, arts, church or sports focused group. Besides the personal reward you will get for your efforts, your “giving back” demonstrates your character and philanthrophic and leadership qualities. You can join an organization that is… Read more »
The Five Star Model: VP of Brand and Service
The role of VP of Brand/Service is a very important one. This person is responsible for brand consistency through: Monitoring Segmentation Rapid Response to client issues Overseeing the scheduling of 12-4-2 client appointments Compliance issues Your Brand is proactive client contact (12-4-2), rapid response to client’s issues and multi-generational planning. “It is very difficult to… Read more »
The Five Star Model: VP of Implementation
This week we will review the role of the VP of Implementation. What are the qualities of a good implementor? Reviews the plan and implements it. Acts as quality assurance leader by being able and willing to oversee the implementation of the team’s strategy consistently across the board for every client. Loves the investment process and typically has a CIMA certification. Here… Read more »
The Five Star Model: VP of Planning
The Supernova Leadership Five Star Model equips a team to be more efficient and grow at an accelerated rate through accountability of their actions. The Supernova process assigns certain responsibilities to team members by making them “Vice Presidents” of an area and then holds them responsible for specific actions related to that area. Separation of duties increases the… Read more »
Do You Spend Equal Time With Your Clients’ Spouses?
A recent survey by Morgan Stanley Wealth Management found that financial advisors that work with high net worth married couples on collaborating key decisions have a better relationship with both parties. “The days when most financial decisions in a household were made unilaterally are clearly over, and financial advisors recognize that face,” said Shelley O’Connor,… Read more »