As an RIA, building portfolios around scaled individuality is a key component of growing your business. In this episode of The Five Things video series, Jay Hummel of AiK2 breaks down how successful wealth management firms can set themselves up for success in the coming five years. Jay talks about ways that advisors are building individualized, scalable, risk-managed portfolios for their clients, using new products and tools to offer clients choice and advantage over the retail shop and wirehouse options.
Use products that allow for customization
Independent financial advisors can gain an advantage over a retail shop by intelligently employing a few key products to create individualized portfolios for their clients. These products are not only the future for forward-thinking advisors, they’re also the present:
- Tax overlays
- Direct Indexed products
- Private alternatives, such as illiquid and interval funds
- Structured products are a great example of a tool that has existed for a while that is now being used in a more progressive, effective way.
AiK2 is an insurance services firm that works with financial advisors to make sure their business and interests are protected. We love to work with our partners to find smarter ways to outsource and thrive in independent practice. Give us a call today!