Create a Transparent Practice

Tyler, Todd
January 2010
Journal of Financial Planning;Jan2010 Practice Management, p20
Academic Journal
The article discusses ways on how to build a transparent practice in order to address clients' and prospects' fears and concerns over their financial investments which have been affected by economic downturn. These approaches include documentation, integration, and communication which, it states, can bring value to the clients to run their business practices effectively and efficiently. It notes that when a financial adviser can briefly explain each approach in step-by-step manner with the client, s/he can acquire opportunities to communicate with confidence and competence, can establish appropriate expectations, and can build trust based on reciprocation.


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