Forum

Recapping the 2016 FSI Forum

Oct 18, 2016

From Sept. 25–27, eight financial advisors and six members of the 1st Global home office attended the inaugural FSI Forum, with this year’s event focused on “Navigating a Post-DOL Fiduciary World.” The event was open to home office members as well as financial advisors, home office CEOs and executives, and FSI financial advisor members, and each individual participated in dedicated learning tracks on the Sept. 26 and half-day discussion groups on the Sept. 27.

The three days proved to be beneficial for those who attended, providing them with key takeaways they can apply in their own practices.

“FSI events always provide an opportunity to network with exceptional independent advisors, but the DOL meeting was unique,” 1st Global advisor, CPA partner and FSI Advisor Council member Denise Barrows said. “Hearing from product sponsors, attorneys, insurance carriers and BD executives and especially how my peers are approaching the DOL requirements will change my practice. I am considering how the resources 1st Global provides to us can be used to improve our planning process and the client experience.”

The purpose of the event was to help future-oriented business leaders look forward and find the opportunities for growth and client service embedded in the rule. Attendees at this event were there to lean in to optimism and provide the leadership voice that our industry so critically needs.

Highlights of the event included a general session panel of firm CEOs who discussed what their organizations are doing to thrive — not merely survive — under the rule and answered questions from the audience frankly and directly about what their organizations are doing to serve in a post-DOL fiduciary world. The combined audiences also heard from Jeff Bush from TheWashingtonUpdate.com as he engaged the audience in a robust discussion regarding the realities and prospects of the upcoming election. Finally, the event closed out with artist Phil Hansen, whose TED talk “Embrace the shake” has been viewed more than 2 million times, challenged the audience to see past their perceived limitations and to embrace the 1st Global guiding principle to “ask ‘What if?’”

In their breakout sessions, financial advisors heard from accomplished panelists discussing topics such as transitioning to the new world of retirement advice, managing risk and protecting your practice, “navigating compliance requirements for qualified plans in a post-DOL rule world,” and enhancing the value of your practice.

The first in an annual series of members-only, all-member, topic-specific events, this conference was evaluated as one of the best ever by attendees. We can also proudly state that 1st Global had the second most advisor attendees at this conference — showing more interest, leadership and support for their practices, their clients and FSI — than firms far larger than ours.

Thank you to advisor council members Kive Strickoff, Denise Barrows and David Monheit for attending and to financial advisors Carolyn Philpot, Katie Connors, Terry Jannsen, Paul Holm and Jennifer Arnold for their meaningful and vocal participation in this event. While this rule change may be difficult on all of us and our industry, it gives me great pleasure to see our people and our firms leading the way into a future that can be as bright as we are willing to make it.

image description

Partner with 1st Global

If your firm is committed to being a high performance market dominator, we want to learn more about you and determine if there is a fit with our services. As a leading CPA firm growth consultant, we enable qualified firms to create long-term, profitable growth.