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Finally, understanding proper Time Management

A key consideration for financial advisors is time management, especially as their books of business grow. Here are some key considerations in juggling the competing imperatives of client satisfaction and compensation maximization. Client Penetration: Managing time effectively depends on knowing your clients, especially the total picture of their finances. In particular, a client who has …

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What is Social Network Analysis?

Social network analysis is built upon database analysis techniques such as collapsing and matching, which seek common denominators (such as names, addresses, birth dates, phone numbers, bank accounts, prior insurance claims, cars, etc.) and closely bound behavior (patterns of activity that seem related) that link what appear to be, on the surface, unrelated individuals, companies, …

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What’s a Form 1099?

Form 1099 is a key federal tax reporting document. Banks, brokerage firms and mutual fund companies are among the financial services firms that use form 1099 to report income received by their clients, such as dividends and interest. Starting in tax year 2011, form 1099 also will be used to report clients’ capital gains income …

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What Drives Client Satisfaction?

Client satisfaction with financial firms and financial advisors, according to various internal studies conducted by the leading firms, is driven by these two principal factors: Investment performance Service Being able to deliver superior investment performance occasionally, let alone consistently, is a very difficult proposition. A distinct minority of financial advisors and money managers, normally well …

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