Insights & Research
Helping financial service firm leaders learn, overcome, and achieve growth.
Live Webinar | August 27, 2024 at 4:00pm Central Time
Unlocking the Growth Power of Financial Advisory Teams
We welcome all size firms to join Angie Herbers & JD Bruce, Senior Partners, to learn the top four organizational strategies most often used in building financial advisor teams, including Diamond Teams®. See agenda →
Employee Management
Gaining a Recruitment Advantage by Focusing on Effective Financial Advisor Training Programs
To build an impactful training program, focus on four key elements: personal development, exceptional service, professional development, and managing expectations.
Leadership & Culture
Workplace Flexibility Reigns Supreme in Talent Retention. Here’s How Financial Advisory Firms Can Navigate.
By Angie Herbers
Employee Management | June 2024
In June 2024, Herbers & Company conducted a comprehensive Employee Pulse Survey, shedding light on the key reasons employees choose to leave their jobs.
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People & Pay
Getting Started with Career Track Development
Client Experience
Rapid Expansion of Digital Client Experience
In February 2024, Herbers & Company conducted a survey of 1,112 financial consumers to gauge their expectations for advisor responsiveness. The results revealed that over 62% of respondents, across all income and wealth categories, now expect their financial advisor to respond within 30 minutes.
Client Experience
Are financial advisory firms growing faster if they offer custom portfolios? Or are firms who’re offering tax planning the fastest growers? Or is it a combination of services, such as estate planning and early retirement planning? We now know the answers.
Diamond Teams®
Created by Herbers & Company in 2013, Diamond Teams® has revolutionized how financial advisory firms build and train their talent. Designed for growth-oriented firms, Diamond Teams® is the leading ensemble organizational structure.
Client Experience
The Herbers & Company’s 2021 Financial Behaviors Study reveals that people who’ve hired a financial advisor are 3x happier than those who don’t.
There are four predictors of happiness within financial consumers: fulfillment, intention, impactfulness, and gratefulness that contribute to cumulative happiness.
Client Experience
Why people don’t hire financial advisors.
Compensation & Pay
Optimizing Financial Advisor Compensation for Retention
Leveraging 20 years of compensation data, this approach aligns pay structures with firm vision. Strengthen advisor retention through a focus on client connections and strategic compensation programs.
Leadership
Coaching vs. Consulting: A Guide to Choosing the Right Path for Your Business
By Angie Herbers
Building P4 Cultures: The Keys to Building Great Businesses By Creating Great Employees
Advisory firms that prepare their employees to succeed, tie employee compensation to the success of the firm, create a flexible and supportive work environment, and supply the tools for employees to excel at their jobs, create great employees.
Leadership
The financial services industry has experienced considerable changes in recent years, leading to a shift in what employees value in their leaders. The Herbers & Company 2022 Leadership Study offers crucial insights into the leadership qualities that financial service employees seek—and those they tend to avoid.
Our Consulting Solutions
Navigating you through any stage of your business.
At Herbers & Co., our comprehensive management consulting approach offers you a unified, integrated solution that addresses all aspects of your business needs.