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Tyler Herro, Kendrick Nunn credit Heat’s culture for their success

Tyler Herro, Kendrick Nunn credit Heat’s culture for their success

Sports
MIAMI, Nov. 15 (UPI) -- Tyler Herro and Kendrick Nunn are the latest byproducts of the Miami Heat culture, a tradition of hard work and discipline the franchise is known for throughout the NBA. That culture entails putting in work to get better while maintaining humility. The Heat structure stands strongest when players sacrifice personal accolades and ego to play for a single goal: winning a championship. It's a contagion brewing in the American Airlines Arena locker room, infecting everyone from the highest paid players to those temporarily added to the roster. Heat coach Erik Spoelstra said the team is purposely constructed with players who have similar work ethics and team-first attitudes. "That has been by design," Spoelstra said. "We want to get a bunch of likeminded players who wa...
Financial advisors need a succession plan to benefit clients and their own firm

Financial advisors need a succession plan to benefit clients and their own firm

Finance
kupicoo | E+ | Getty ImagesThe aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients' sake, as well as their own.With the average age of financial advisors somewhere in their mid-50s and a big bulge of advisors now in their 60s and 70s, the fate of thousands of practices and millions of clients in the next decade remains in doubt. Studies show that most small advisors — particularly solo practitioners — have no successor to fill their shoes, nor very good prospects for selling their business to someone else.The reality is, they probably never will."The No. 1 way that independent advisors exit the industry is through attrition," said
Raymond James moves to free trades for advisors and their clients

Raymond James moves to free trades for advisors and their clients

Finance
Guido Mieth | DigitalVision | Getty ImagesRaymond James' independent registered investment advisors have reason to cheer.The firm announced on Monday that it is eliminating transaction fees for stocks, exchange-traded funds and options in a division serving those professionals.The move was announced on Monday at a conference in Bonita Springs, Florida, for the firm's Investment Advisors Division, which focuses on registered investment advisors, also known as RIAs.The change exclusively affects RIAs in that division. The company did not disclose how many advisors that includes.Officials at Raymond James declined to comment, citing a quiet period.The move by the company comes amid a mini-stampede among financial services firms to offer commission-free trades in recent months.That includes co...
How these financial advisors are using social media to grow their business

How these financial advisors are using social media to grow their business

Finance
Petri Oeschger | Moment | Getty ImagesOne of the best ways financial advisors can bolster their credibility and reach potential clients is available for free.It's called social media.However, merely joining Twitter and Facebook won't cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco.He shared his views about building a brand on social media at the Wealth/Stack conference in Scottsdale, Arizona. Yarnway also hosts "The Young Money Podcast.""Outside of opening the account, you need to join the conversation," he said. "Engagement is key; finding your voice is the second thing."Used correctly, social media can provide financial advisors with an outlet to showcase their expertise, network with their peers and meet potential clients."We really look at soc...