For now, the key point is that innovation should start with your deep understanding of your customers, and you should frame your ideas and new services from their perspective on what their problems and emotional issues are in order to identify best new growth and revenue opportunities for your business.
The Institute for Innovation Development wants to encourage and support advisors in further developing their client advisory boards, work to provide tools to more deeply mine what clients and prospects are thinking and feeling, as well as start new programs like local innovation think tanks to help you provide leadership for your local business community and increase engagement with your clients and top prospects.
The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial advisors and financial services firms determined to lead their businesses in an operating environment of accelerating business and cultural change. We position our members with the necessary ongoing innovation resources and best practices to drive and facilitate their next-generation growth, differentiation and unique community engagement strategies. The institute was launched with the support and foresight of our founding sponsors—Pershing, Voya Financial, Ultimus Fund Solutions, Fidelity and Charter Financial Publishing (publisher of Financial Advisor and Private Wealth magazines). For more information click here.