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Fiduciary Links: Coaches Can Benefit Advisors

Posted by fi360 Team on February 18, 2014

>>> If you're like most Americans, you've been following the Olympics daily as these superb athletes battle it out in efforts to obtain one of thesought-after medals. This InvestmentNews article takes an interesting approach, what would it mean if more advisors had coaches? Atul Gawande, New York Times bestseller and surgeon, noted recently that nearly every Olympian has a coach. He wondered what holds most of us back from having a coach. Is it pride? Is it the wrong time? Could each of us benefit from having a personal guide to help us hone our craft?

Others, in addition to Gawande, have noted the importance of coaching. We've all attended seminars and heard some great ideas, but the vast majority of us don't implement these changes. Having a coach creates accountability. According to InvestmentNews, "It can also take average performers from good to great."

>>> Another timely subject are disaster recovery plans. With much of the country blanketed in snow, advisors can't make it to the office and are forced to conduct their work from home. InvestmentNews takes a look at some snow-trapped advisors, and what steps they are taking to stay connected. Many advisors are able to work remotely quite effectively, thanks to cloud technology. Others are in a frenzy of rescheduling meetings and waiting for better weather.

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