“The most successful companies do not try to compete. They embrace one-of-a-kind thinking” said Taylor.

When it comes to innovation, Taylor urged attendees to avoid letting what they know limit what will come at them. Too often the outsiders are the ones that are the disrupters and the incumbents are the ones that end up playing catch up. “Keep your minds open to new possibilities,” he advised.

While too many are worried about sinking the boat, they end up missing the boat. Instead they should be rocking the boat, because there is a risk of just doing the same thing. 

It will be interesting to see if the robo advisors, like Betterment, rock the industry boat and bring about a widely accepted way of serving investors. In the meantime, watch out for zombies!

 

Mike Byrnes is a national speaker and owner of Byrnes Consulting, LLC. His firm provides consulting services to help advisors become even more successful. Need help with business planning, marketing strategy, business development, client service and management effectiveness? Read more at ByrnesConsulting.com and follow @ByrnesConsultin.

First « 1 2 3 » Next