Massachusetts Advisor Discusses Practice Management Tools
Betsy Johnson, Managing Partner of Flagship Private Wealth in Woburn, Mass., shared ways she has leveraged LPL's resources and consulting support to grow her business.
The changing regulatory environment has put pressure on advisors to increase efficiency and deliver more value for their services in order to remain competitive and thrive. Johnson has tapped into LPL resources and expertise to support her ability to adapt and grow. With that support, she has been able to enhance the high-touch, personalized service her clients have come to expect and increase efficiency within her practice.
- Technology: “As the world has become faster and faster, we've truly become a 24/7 society. Certainly, there have been increased demands for rapid access to technology. Not only on the part of the firm, but by clients. We have depended heavily on ClientWorks, the new technology set forth by LPL.”
- Social Media: By using social media as a marketing tool, Johnson has been able to spend more time on her core business and servicing her clients.
- Specialists: Her LPL relationship manager has helped navigate her to the many specialists at LPL who have a depth of expertise in topics such as marketing, supervision and succession planning, to name a few. She credits those specialized resources and insights for helping her business adapt through industry changes.
The views and opinions expressed by the LPL Financial Advisor(s) are as of the date of the recording. These views may not be representative of the views of other Financial Advisors and are not indicative of future performance or success. Neither LPL Financial nor the LPL Financial Advisor can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
*Each individual advisor(s) asset number was reported by the advisor(s) based on prior business, includes both brokerage and advisory assets, and has not been independently and fully verified by LPL Financial.
Flagship Private Wealth and LPL Financial are separate entities.
OSJ - Office of Supervisory Jurisdiction; DOL - Department of Labor; RIA - Registered Investment Advisor; DBA - Doing Business As