NAIFA Sponsors ‘Advisor 2020’ to Help Advisors Plan Their Business Future

March 17th, 2014, Comments Off.

New book presents cutting-edge research on industry trends and identifies opportunities for advisors seeking success in a changing marketplace

NASHVILLE, March 17 – Rapid marketplace and demographic shifts are having profound effects on insurance and financial advisors and will significantly reshape the industry by 2020, according to a new book, Advisor 2020: The Forces and Opportunities Shaping the Financial Services Advisor of the Future.

The book, published by the GAMA Foundation and sponsored by the National Association of Insurance and Financial Advisors, was released today at the LAMP meeting in Nashville. It presents the results of two independent research studies, “The Market of the Future” and “The Advisor of the Future,” and offers a framework advisors can use to capitalize on changing market forces and meet expanding client needs. Highlights and Q&A.

“Advisor 2020 identifies likely future scenarios so advisors can anticipate and even influence the financial forces of the future,” NAIFA President John Nichols said. “The futures research conducted for these studies will enable NAIFA members to make informed decisions about their practices, especially as they continue to serve the middle market and meet the changing needs of consumers. Every advisor needs to read and use the content and tools provided in this book so they build their practice and plan for a successful business future.”

The studies’ key findings include:

The demand for insurance and financial advisors will outpace the average growth of the U.S. workforce by 2020. However, the pool of candidates for these jobs will begin to shrink as the numbers of college graduates and early career changers decline.

  • Stiff competition for affluent clients will push more advisors into serving the middle market, which is currently underserved.
  • The growth of employment by small businesses will increase the pool of individuals and families needing insurance and financial products not offered at their workplaces.
  • Clients will demand a broad range of financial and non-financial services and products from advisors, including lifestyle management, wellness counseling and financial literacy education.
  • To succeed in this environment, some advisors will concentrate on small, niche products and services or market segments. Most, however, will work collaboratively with other professionals and paraprofessionals forming groups that can meet all their clients’ growing advisory needs.

NAIFA is developing programs to prepare its members for the changes and opportunities described in Advisor 2020.

A four-hour Advisor 2020 workshop, a collaboration between NAIFA and the GAMA Foundation, will debut September 6 at the NAIFA 2014 Career Conference and Annual Meeting in San Diego. The workshop will help NAIFA members understand the book’s findings and explore ways to incorporate them into their practices.

NAIFA state and local associations will then be able to present the workshop to members in their hometowns around the country.

A series of NAIFA informational and training webinars will drill down on specific opportunities revealed in the book, such as “Selling to the Middle Market.” NAIFA will also provide its local and state associations with video programs based on the book’s research findings and advice.

“NAIFA has an illustrious history of nearly 125 years, but we have always been a strong, forward-looking organization,” said NAIFA President Nichols. “We are proud to have sponsored this cutting-edge research, and are dedicated to giving our members the support and resources they need to continue serving the changing needs of clients and to thrive through 2020 and beyond.”

Visit the NAIFA Bookstore to purchase “Advisor 2020.”

 

4 Under 40 Winner Named Agent of the Year

March 6th, 2014, Comments Off.

metzgerelixabethdipp2014NAIFA member Elizabeth Dipp Metzger, a 2013 recipient of Advisor Today’s Four Under Forty Awards, has been named Agent of the Year for the third year in a row in the El Paso General Office of New York Life Insurance Company. She received the award in recognition of her outstanding sales achievement and exemplary client service and professionalism.

Dipp Metzger has been a New York Life agent since 2010, and is associated with the company’s El Paso General Office in El Paso, Texas. She is an MDRT member, a 2010 New Org Agent of the Year with the El Paso general office of New York Life, and an El Paso Chapter- NAIFA rookie of the year for 2010 and 2011.

Dipp Metzger enjoys helping people meet their financial goals. With experience as an advisor and over 10 years of previous experience as a business owner, she understands the financial challenges most individuals and business owners face today and works diligently to research and provide the right solutions for them. She focuses on families, business owners, and the affluent market in providing planning for retirement, college, estate, and business planning.

 

 

How to Nominate

All NAIFA members are welcome to nominate a rising star for Four Under Forty. Nominees must be NAIFA members in good standing and 40 years of age or younger. Click here to download the nomination form (PDF).

All submissions are due by April 4, 2014. For more information, contact Ayo Mseka at 703-770-8471 or amseka@naifa.org.

Don’t hesitate. Send in your nomination form today–your candidate might be just the one who has what it takes to join the ranks of the Four Under Forty!

NOTE: Please use the latest version of Adobe Reader to fill out this form. To learn more visit http://get.adobe.com/reader

Tags: , ,