Business Transformation | 01.31.24
A Wealth of Content: Top Portfolio Articles of 2023
by: BISA Staff
The 2023 roundup of BISA’s top read articles of the year is here, and there is plenty to revisit, reflect on and integrate into your 2024 strategy. BISA contributors delivered the best our industry has to offer, from key leadership insights to DE&I advancements in our field and where we’re going next. Thank you to everyone who contributed to these articles and others last year.
When women are considering a career path, they may not see becoming a financial professional as the most obvious choice. A 2022 report from online recruiter Zippia notes that women make up only 27.7% of financial professionals. But statistics do not tell the whole story. Working in finance can afford many opportunities, including the chance to work a flexible job with a potential for high income.
After the 2023 Annual Convention, BISA excitedly welcomed three newly elected board members and congratulated three current members on their new roles. We asked them all a simple question that doesn’t always have a simple answer: What’s your number one leadership tip?
Cetera, like many companies in 2020, renewed an intentional focus and investment in diversity, equity, inclusion and belonging (DEIB). Our leadership team wanted to create a sustainable foundation in this realm with measurable goals and impact at all levels of the firm with long-term results.
As part of BISA’s Committee Spotlight series we featured Amanda Vogel, Future Leaders Committee co-chair. Amanda takes a deep dive into the highlights, achievements and future outlook of the committee. As co-chair of this new integration into BISA, Amanda provides a great sense of leadership and commitment to all parties involved within the committee. Read on to hear more about Amanda and her experiences as a co-chair thus far.
Jane-ellen Porter opened the 2023 BISA Women’s Networking Breakfast and set the scene for an inspiring gathering.
Networking, community and celebration are the hallmarks of this annual event, which has grown in attendance and popularity since the inaugural brunch hosted by Jacinda Norvell and LeAnn Rummel. From that initial group of 30 women to this year’s record-setting 170 attendees, it’s become a highly sought-after event.
In this first installment of the new Committee Spotlight series, we spoke with Jim Nickens, DE&I Committee chair, about the successes, goals and future of the committee. As a committed BISA member with outstanding passion and motivation towards success, Jim has taken the DE&I Committee to new heights, and BISA is better for his contributions.
BISA partnered with the Bielan Group on this webinar featuring a panel of experts on unifying wealth: Diane Young of Navy Federal Financial Group, John Olerio of Webster Investment Services and Rhomes Aur of First Horizon Advisors.
Tim Kehrer of the Kehrer Group and Larry Cohen of RFI Global led a session at the BISA 2023 Annual Convention showcasing MacroMonitor research that quantifies what investors of different generations want. The MacroMonitor, a biennial, nationally representative sample survey, asked participants many pages of questions. The Kehrer Group, via RFI Global, ultimately analyzed 4254 replies, a number that excludes responses they couldn’t use. At the convention, Tim and Larry presented the results by grouping session attendees into two teams that competed to guess how different generations answered questions.
Joe Coughlin kicked off the final session at the BISA Annual Convention, moderated by Caryl Falvey, with insight into client expectations when it comes to planning their future. It’s no secret that longevity planning comes with challenges, but according to Joe, the conversations are worth every penny.
The path for a junior bank advisor typically is spelled out in a straightforward fashion. Come for the guaranteed salary, stay for the continuing education and business leads that come from assisting a senior advisor. But hurdles do pop up on the road to seamless transition. Luckily, they are often glaringly obvious and can be tackled head on. According to a whitepaper provided by BISA and Cerulli researchers, compensation continues to be a sticking point. However, it also seems some young advisors feel that they aren't climbing the ladder fast enough.
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