FA Magazine: Shifting Landscape

A shifting economic environment is also changing financial advisors’ practice management world.

By Bruce W. Fraser

Though some on Wall Street think a recovery may already be stirring in the embers of the collapsed markets, the financial landscape has been unalterably changed, for some people profoundly.

Not least of all for financial advisors, many of whom have been forced to rethink how they run their practices. In five critical areas in particular, there are huge changes taking place—in compensation, client communications, investments, staffing and compliance. And financial advisors must be ready to make practice management changes if they are to deal with these new realities.

Financial Advisor Magazine turned to SunStar's Dan Sondhelm for his thoughts on the shifts in client communications. Click here for story.