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Practifi eBooks

Grow your knowledge by reading some of our most helpful eBooks.

Navigating the Generational Wealth Transfer

A seismic shift is underway and is reshaping the financial landscape  as the torch of financial responsibility passes to younger generations. Termed the “Great Wealth Transfer,” this phenomenon represents a significant transition of assets from older to younger generations. As baby boomers age, a massive transfer of wealth is underway, estimated to be in the trillions of dollars over the coming decades. Understanding the nuances of this transfer, including the values, preferences, and digital behaviors of millennial and Gen Z investors, becomes paramount for financial advisors seeking to navigate these changes successfully.


Why CRM Is The Key to Client Growth and Retention

Amidst the turbulent waves of economic shifts and the disruptive emergence of robo-advisors, the unwavering importance of advisor-client relationships stands strong. Yet, in this rapidly evolving landscape, simply relying on traditional methods won’t suffice. To truly thrive and stand out in today’s market, advisors must embrace innovation and adopt forward-thinking strategies that go beyond the conventional playbook.


10 CRM Best Practices for Financial Advisors in 2024

The key to unlocking unparalleled success lies in harnessing the power of your technology stack, and specifically, optimizing your CRM system. Your CRM is not just a tool; it’s the linchpin that interconnects various facets of your operations, allowing for seamless collaboration and data-driven decision-making. By fine-tuning and maximizing the capabilities of your CRM, you empower your team to cultivate deeper connections with customers, streamline processes, and gain valuable insights that can propel your business to new heights.


Why Automation Is The Key To Sustainable Growth

As businesses grow and diversify their offerings, maintaining a consistent and exceptional client experience becomes a formidable task. Forward-thinking organizations, including today’s leading RIAs, are harnessing the power of industry-tailored CRM systems equipped with automated workflows. These digital workflows effectively streamline operations by reducing paperwork, standardizing processes, and offering real-time visibility into task statuses. The outcome? A substantial boost in productivity, liberating advisors to focus on identifying new opportunities, all while consistently delivering top-tier client service.


8 CRM Myths Your Advisory Firm Should Ditch

Dispelling CRM myths is a critical step towards achieving excellence. These pervasive myths can cast shadows over the path to success and hinder the potential for growth. Much like a seasoned navigator relies on a trusty map to navigate uncharted territories, obtaining the right insights is paramount to effectively steer through the complexities of CRM systems. With a deeper understanding, you can streamline operations, enhance client service, and propel your advisory firm toward a future marked by success and sustainable growth. 


Selecting the Righ Technology to Scale Your Firm Sustainably

Here’s the truth: the complexities and possibilities that technology offers can be both exhilarating and overwhelming. In today’s fast-paced digital landscape, where every decision you make can influence your firm’s trajectory, the process of selecting the right technology solutions has transcended from being a mere consideration to a mission-critical choice. In this dynamic era, technology isn’t just a tool – it’s the driving force behind innovation, efficiency, and sustainable growth. 


Why Unifying Data Is The Key To A Great Client Experience

Data unification has emerged as a vital strategy for firms aiming to excel in client experiences and fuel business growth. Unifying data from multiple sources is the cornerstone of success in today’s competitive landscape. However, embarking on this transformative journey can be daunting without the right guidance and insights. With the right guidance and insights, firms can harness the power of data unification to gain a holistic view of their clients and drive personalized experiences.


Navigating the M&A Landscape for Advisory Firms

In today’s dynamic advisory landscape, mergers and acquisitions (M&A) have become key strategies for firms seeking growth and expansion. However, navigating the M&A landscape can be a complex and challenging endeavor. From understanding the M&A process to identifying suitable partners and executing a seamless integration, firms can equip the knowledge and tools necessary to make informed decisions and achieve their growth objectives.


Making the Most of Market Volatility

In today’s world of uncertainty and economic volatility, strong relationships between advisors and clients are more important than ever. As markets continue to be unpredictable and events like the COVID-19 pandemic can shake the very foundations of our financial systems, investors need to feel confident and supported in their decisions. By building strong relationships with clients, advisors can provide the guidance, communication, and support that investors need to navigate turbulent times.


How to Thrive Under Difficult Conditions and Uncertainty

Regardless of pandemics, politics, or natural disasters, advisory firms need to consistently deliver value to their clients even during difficult times. By making plans today and setting a strong foundation, firms can not only overcome tough economic conditions, but also thrive in the face of any challenges that may come in their way. In this eBook, we provide some tips to help your advisory firm build a more resilient future. 


Under the Hood of Compliance Audits

Compliance is a fact of life for financial advisors and wealth management firms in the U.S. — one that’s often difficult to manage. What’s the best way to prepare? Know what to expect and provide your team with the right tools to stay compliant. Download this eBook to learn about the main types of audits and for some tips to make sure your next audit runs smoothly.


Raising the Bar: Understanding the New CFP Standards and How Technology Can Help

Last year, the CFP Board of Standards released an update to its ethical standards and gave members until June 30, 2020, to align their practices with these new recommendations. Since this grace period has ended, financial planners now face repercussions if they fail to comply with these updates. In this eBook, we cover how these standards have changed, how they’ll be enforced and how technology can help in complying with these new guidelines.


Elevating the Advice Experience

How workflow automation can boost your firm’s efficiency and keep your clients happy.

Advice firms are amongs the most process intensive in all of financial services. Day-to-day operations require manual work, efficiencies are compromised and growth is often limited as a result of outdated processes. Learn how automating these manual processes can transform your firm and your client experience.


The 4 Pillars of a Compliant Advice Business

Meeting regulations and requirements frequently demands significant manual work across a number of roles within a financial advisory business. And it’s never been more important to maintain compliant records across your firm. However, this doesn’t need to be a time-consuming or daunting task. Check out this paper to learn how firms can take a more proactive approach.

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Built for Growth: A Guide to Growing Your Advice Firm

Growth means getting bigger, right?

Well, not always for financial advisory firms. This guide will help you understand what type of growth to aim for, a few tactics to get your business ready, and some practical steps to take to get there.

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