SYMPOSIUM BREAKOUT – October 10, Matt Cosgriff – Why Intrapreneurship is the Key to the Future of the Wealth Management Industry

Matt Cosgriff, CFP®REGISTER NOW and save $100

Presentation Scheduled for Monday, 2:30-3:30 PM.
Pending CE Approval: 1 NASBA
NO CE: CFP, WI insurance, MN insurance, CLE, CIMA

Wealth management firms face numerous challenges in the coming decades. The headwinds include the aging advisor workforce and shortage of young advisors getting into the industry, the alarming rates at which heirs will potentially fire their longstanding family’s advisors upon wealth transfer, and the lack of any formal succession planning across many of today’s established advisory practices.

In the midst of challenges and rapidly evolving change across industries, Deloitte recently estimated that Fortune 500 companies today will stay listed in the top 500 for only 19 years compared to nearly 55 years in 1960. This remarkable fact further emphasizes the pace at which change is occurring across all industries and on companies of all sizes. Wealth management firms, especially those that have historically operated less as enterprises and more as small businesses, must continue to evolve in order to stay relevant.

This session will explore the concept of intrapreneurship and how it can help tackle many of the challenges advisors face today in an ever-evolving landscape. Intrapreneurship is not a silver bullet, but rather about instilling a culture of thinking differently to drive effective and sustainable innovation in the midst of a rapid change.

In this session you’ll hear how a financial services company is using intrapreneurship and specifically with regard to how intrapreneurship can be used to cater to young professionals. Attendees will walk away with a better understanding of what intrapreneurship is, why it’s important, and ultimately a blueprint for integrating intrapreneurship into your firm’s culture to tackle the big challenges of the day.