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Optimizing financial advisor practices during the current pandemic

As the evolution of the business world increases pace during this pandemic, Financial Advisors share their experiences on an InvestmentNews webcast, “Navigating 2020: Optimizing Your Practice During the COVID-19 Outbreak.” Monument Wealth Management President and Co-Founder, David B. Armstrong, CFA, is a featured panelist on the webcast, where he shares tips for optimizing financial advisor practices based off what has been working well for Monument clients and employees. Dave is also featured in the accompanying InvestmentNews article, “Financial planning evolves beyond investments in a COVID-19 world.”

The InvestmentNews discussion focuses on practice management techniques for effective operations and client communication. The overall takeaway is that the new normal for Financial Advisors is placing a greater focus on the general well-being of clients and employees, and less on the state of the financial markets. Of course, we at Monument feel this is not a “new” normal for our firm, because this is part of the core beliefs Monument was founded on in 2008. We’ve always felt that there is simply no substitute for sitting down with people who know how to listen and can help you co-create a Private Wealth Design that is yours and yours alone.

Because of Monument’s detailed Business Continuity Plan and technology systems, our team was well-equipped for the transition to working from home before the pandemic began. Yes, with every good plan there’s a learning curve, requiring practice and some trial and error—having a plan that works for us did not happen overnight and of course there’s always room for improvement as technologies advance. But Dave, pleasantly surprised with the transition to remote work, jokes that, “it will be difficult to convince people to come back to the office because it’s going so well.” The Monument Mascots on the other hand are missing all the extra treats and attention they get from the team in the office!

View more about optimizing financial advisor practices on InvestmentNews >

 

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