InvestmentNews Article: Build Wealth By Investing in Your Advisory Business
With busy schedules and a crowded marketplace, many principals of small and medium-sized advisory firms would like to attract more business but aren’t sure how. In Scott Hanson’s latest InvestmentNews exclusive, he advises readers to start investing in people, technology, and marketing.
The article reads:
Most financial advisers do a poor job with their own financial planning.
You’d think that financial advisers who spend their careers advising clients would wise up and learn that one of the best ways to build real wealth is to create a great business.
Yet most advisers ignore long-term enterprise value in order to maximize current net income. In short, they invest little to nothing in their practices.Scott Hanson, Co-Founder, Allworth Financial