Fidelity, Peak Launch Training Program
Fidelity Clearing & Custody Solutions and Peak Advisor Alliance have combined their resources into a new growth-oriented advisor training program called eLearning Exchange.
The program offers Fidelity-custodied advisors access to Peak’s online resource portal, peer learning opportunities and one-on-one coaching. Topics covered by Peak’s online programs include client segmentation, referrals, recruiting, client experience and business continuity.
“This offered us a way to scale our practice management offering and extend the model to go beyond the clients we otherwise have served,” says David Canter, Fidelity’s executive vice president for practice management and consulting. “This allows more advisors to leverage our practice management consultants and our relationship managers, and gives them greater access to one-on-one offerings with Peak personnel as well as Fidelity personnel.”
One-on-one coaching will be available on topics like running a business, succession planning, recruiting and retaining talent, income and equity, driving growth and referrals.
Peak’s training opportunities are tailored to Fidelity’s culture and the advisor’s individual learning style. Via the online portal, advisors will be able to access a community of fellow advisors as well as coaching from Peak.
Peak already provides e-learning, coaching and other educational opportunities to more than 1,000 advisors nationwide.
“Advisors are starving for actionable, high-impact ideas,” says Ron Carson, Peak’s founder. “We’re leveraging Fidelity’s tech model and relationship managers along with Peak’s resources to satisfy that demand.”
The program will be available starting in January 2017.
PCS Introduces DOL-Ready IRA Rollover Tool
PCS has introduced a new IRA rollover tool to help advisors transition from commissions to fee-based advice.
The advisor-initiated rollover system is fully compliant with the Department of Labor’s fiduciary rule, which will take effect in April 2017.
Using the tool, advisors can quickly and easily capture rollovers out of qualified plans, and transition existing IRAs to fee-based products, ensuring DOL compliance.
PCS’s mobile-ready platform maintains all the necessary documentation to support the best-interest standard and ensures client acknowledgement of all relevant disclosures.
In addition to serving ongoing clients, advisors can also use the rollover tool via text or email with “off the street” IRA holders.