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How Philanthropy Can Strengthen Home-Office Staff/Advisor Relationships

How Philanthropy Can Strengthen Home-Office Staff/Advisor Relationships

Donating to charity can build a culture of mutual respect and collaboration.

 


 

By Patrick Farrell
Investacorp President & CEO

Broker/dealers, by their nature, are businesses with far-flung stakeholders: advisors, super offices of supervisory jurisdiction (OSJ) and even home-office staff separated by thousands of miles. The various technologies we use to communicate with each other can help close the distance, yet like any organization, connection and culture matter.

Joining together as a firm—home-office staff and advisors, plus both groups’ loved ones—to volunteer or donate to charity is one way to strengthen bonds between people who don’t always work in the same physical space. It’s also a way to build a culture of mutual respect and collaboration.

Doing good deeds together can strengthen an organization by giving all those who have a common interest in seeing it succeed a shared sense of purpose. Moreover, the positive bonds that home-office staff and advisors build among themselves tend to permeate the broader company. This can transcend the feelings of personal fulfillment that stem from philanthropy and help fortify a positive culture for the business.

 


 

Trust

For current home-office staff and advisors, doing charitable activities outside of the 9-to-5 grind and encouraging their families to participate will help solidify intra-organization trust. In our industry, we often talk about building trust between advisors and clients to cultivate long, productive relationships, but it’s also crucial to create the same type of dynamic among advisors and the home office.

 

Continue reading the full editorial at WealthManagement.com.

 


 

For more information, please contact:

Leslie Vigil
Senior Vice President of Business Development
Investacorp, Inc.
O: 305-901-1825
LVigil@investacorp.com

 


 

For Financial Professional Use Only

 

 

 

 

2019-11-04T19:20:59+00:00November 4, 2019|