As an ongoing tool to reinforce this to clients, we built a dashboard to help the advisor “change the conversation.” The dashboard is designed to teach and visualize for clients what key portfolio metrics to focus on, show that the portfolio is efficient, and provide confidence in the ongoing process of adaptive portfolio management.
I think that advisors and clients alike will readily admit that they spend too much time feeling stressed about the portfolio and worried about what's going to happen. What happens if it blows up? There is a lot of worry and that shouldn't be the case. Today, it is possible to produce the benefits of compounded returns through any market environment – bull or bear.
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 ETF Advisor magazines). For more information, click here.