Gaining Perspective How to Create a Winning Advice Experience
According to a recent J.D. Power study, fewer than 15% of clients say their advisor provides an ideal advice experience; and yet many advisors likely suffer from Dunning Kruger cognitive bias, where they think they are among that 15% when for the majority, that’s impossible.
Why is financial advice in such a state? Because, despite their best efforts, financial advisors aren’t hitting the core attributes of comprehensive advice.
To solve this, Practice Intel, a new firm led by Dr. Preston Cherry, Tom Rieman, Larry Shumbres, and Nick Gudz, among others, has launched. Combining practice-level insights with innovative e-learning resources and a proprietary index that benchmarks a firm’s valuation against its peers, Practice Intel helps advisors enhance their advice experience while achieving more organic growth and, ultimately, increasing their valuation.
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Here are some resources to learn more about Practice Intel and its offerings:
- Practice Intel home page- https://pracintel.com/home
- Tom Rieman's LinkedIn page- https://www.linkedin.com/in/tom-rieman/
- Preston Cherry's LinkedIn page- https://www.linkedin.com/in/drprestoncherry/
- Bios for Tom Rieman and Preston Cherry- https://pracintel.com/about
- An article about Practice Intel: "Putting Your Clients First"- https://www.wealthmanagement.com/client-relations/putting-your-clients-interests-first
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