it takes a village to build a career

it takes a village to build a career

I'm noticing more frequently posts about when someone is laid off... they let their network know, they post status updates, and they find a position quicker.

"Networking is vital for those who want to?move up in their career. According to HubSpot, 85% of jobs are filled through networking. In fact, according to?CNBC, 70% of jobs are never published publicly.?

These jobs are either posted internally or are created specifically for candidates that recruiters meet through networking. According to?LinkedIn, 70% of professionals hired in 2016 had a connection at their company, and 80% of professionals consider networking vital to their career success.?

Though it’s possible to get a job by simply sending your resume aimlessly to job boards and postings, these statistics clearly show that networking is the best way to create a successful career and maintain?job satisfaction." ~Apollo Technical*

Seventy percent of jobs are never published publicly!!

That's kind of incredible. If you just look at job postings, you're missing 70% of the positions available.

The other aspect to this beyond just finding your next job is moving up in your career. Getting to interact with others in your niche/industry to find out what you want to do, where you want to go, how much you can expect to make...

And also -- how to do your current job better. And on that note, I've been compiling information about some of the communities in the RIA space around these topics.

Stay tuned to the end for my #1 tip on networking and finding a job.

Priced highest to lowest:


XY Planning Network

Join the Movement

by Michael Kitces & Alan Moore

Join a movement of over 1,750 fellow financial advisors looking to shake up the industry. / Get access to customized coaching, exclusive educational resources, and members-only webinars. / Receive exclusive media queries to help increase exposure for your firm.

XY Planning Network offers member advisors what’s often a missing-but-crucial piece of the puzzle for financial professionals: a community. Join the Network of over 1,600 fee-for-service financial advisors who mentor, support, and encourage fellow members.

  • # members: over 1750
  • Price: $488/mo
  • Includes: technology platform, investment management, community, business coaching, find an advisor portal + profile, E&O insurance, NAPFA membership, compliance
  • Website: https://www.xyplanningnetwork.com/
  • CommunityTech: unknown


COO Society

Operations Coaching & Community

by Matt Sonnen & PFI Advisors

With the goal of providing coaching, community, and a rigorous and well-rounded training program for operations professionals, the COO SOCIETY has built the industry’s first and only RIA-specific online coaching platform for operations professionals seeking to effectively navigate growth at their RIA, as well as collaboration with others navigating the industry.

The COO Society is centered around three Learning Paths which we view as the core responsibilities of an RIA COO: Technology, Human Resources, and Business Administration.

  • # members: 50
  • Price: $300/mo
  • Includes: digital consulting platform, outside interviews, monthly member meetup, operations job board, discussion forum, industry articles and resources
  • Website: https://coosociety.com/
  • CommunityTech: Litmos


The Society of Advice

Join the Membership

by Carl Richards

Meet face-to-face with Carl Richards, guest speakers, and hundreds of other financial professionals every month in The Membership.?

The Membership is a monthly shot of inspiration, psyche, and valuable information to help you develop into the kind of Real Financial Professional that you, your clients, and the whole world needs.

  • # members: hundreds
  • Price: $147/mo
  • Includes: monthly worldwide chapter meeting with Carl Richards (guest speakers are common), group chat during each call, breakout rooms, Q&A, access to a community of like-minded advisors, detailed resources and show notes, a library of past call recordings
  • Website: https://www.thesocietyofadvice.com/
  • CommunityTech: unknown


FinOps Co-op?

Revolutionizing Finserv Operations

by Charesse Spiller

Operations professionals, like you, in the financial planning profession, are often left holding the bag. You’re stuck figuring out everything all at once, by yourself. It’s lonely and often thankless work. Not anymore.

You’ll join a community of like minded operations professionals who are in the same role as you, who are ready to stop drowning in over-work, and start creating streamlined systems for their firms.

  • # members: unknown
  • Price: $125/mo
  • Includes: mastermind groups, resource vault, webinars from industry leaders, office hours with Charesse Spiller, content drops, online forum, webinar replays, office hour replays, continuing education opportunities
  • Website: https://www.getlevelbest.com/finops-co-op
  • CommunityTech: Circle.so


The AGC? - Advisors Growing as a Community / Wealthtender

The #1 Online Community for Financial Advisors

by Taylor Schulte, CFP? & Justin Castelli, CFP? & Brian Thorp

The AGC? is a safe, collaborative community for financial advisors to grow personally and professionally alongside their peers.

In 2019, we set out to create a private community for financial advisors like none other. Our mission is to provide a safe, collaborative space for advisors to learn and grow alongside their peers.

  • # members: 140 or so AGC / 300+ Wealthtenders
  • Price: $124.92/mo AGC / $29-59/mo Wealthtender
  • Includes: online community, webinars + workshops, vendor discounts, resource library, virtual book club, media opportunities
  • Website: https://advisorgc.com/
  • CommunityTech: Circle.so
  • Acquisition announcement: Investment News


Herbers & Company Academy

Master the skills.

by Angie Herbers & Herbers & Company

We created Herbers & Company Academy to fast-track leadership, human capital, marketing, sales, and client communication skills of financial advisors across the globe.

Members of Academy participate in virtual training events, ask questions, and download useful tools to enhance their organic growth, leadership, human capital, marketing, and sales skills.?

  • # members: 368
  • Price: $89/mo
  • Includes: 24/7 access to leadership, employee management, client experience, operations, sales and marketing training and tools, Attend live, training events and Q&A sessions, Access to downloadable business planning, client experience, digital innovation, operations, employee management, technology, sales, and marketing tools and templates, Ability to ask questions directly to our expert, senior consulting team, Attend deep-dive workshops to master Diamond Teams?, interpersonal communication, leadership, sales, marketing, and growth trends
  • Website: https://www.herbersandcompany.com/herbers-academy
  • CommunityTech: Mighty Networks


The Exchange Network

Connecting the Financial Community.

by The Exchange Network

The Exchange Network (TEN) is a premier membership organization that focuses on networking, peer engagement, and community development within the wealth and investment industry. It offers extensive networking opportunities, facilitates peer collaboration, promotes community engagement, provides professional development, shares thought leadership, advocates for industry interests, and recognizes professional achievements. TEN aims to empower its members with the knowledge, connections, and resources necessary for success.

TEN supports all levels of firms; from entry level, operations associates, and middle and back office to senior management and C Suite.

  • # members: 600
  • Price: $1000 a year ($84 a month) and includes all employees at a firm
  • Includes: In-person networking events, annual conference, webinars, forum discussions, member website, and job board.
  • Website: theexchangenetwork.org
  • CommunityTech: LinkedIn and Discourse.com


Measure Twice Planners

Create a Financial Plan with Confidence

By Cody Garrett, CFP?

As a member of Measure Twice Planners, you will sharpen your knowledge, expand your professional network, and provide more value to the people you serve as a financial planner!

"The Measure Twice Planners education program provided me with the clarity and confidence I needed to get me over the fear of starting my own advisory practice. The added bonus of joining a community of other talented and collaborative advisors is invaluable. Thank you, MTP!" Michael Davidoff, CFA, CFP?

  • # members: unknown
  • Price: $549/year ($54/mo)
  • Includes: 30+ Hours of Educational Video Lessons, 30+ CFP? CE Hours, 36 Financial Planning Templates, 19 Planning Spreadsheets & Calculators, Bi-Weekly Case Study Meetings, More Content Added Monthly
  • Website: https://www.measuretwiceplanners.com/
  • CommunityTech: unknown


HIFON - High Impact Financial Operations Network

Most Operations Leaders are alone at their firm.

by Shaun Kapusinski

You don't have to be alone in your career. Make Friends. Learn Faster. Get More Done. Join HIFON, the premier network for Operations Professionals of independent RIAs.

HIFON is a private, independent study group for RIA Operations Professionals. Founded in 2010, HIFON has quietly built the premier operations community for RIAs. HIFON membership gives you access to best practices, independent advice, and peer-to-peer support you cannot find anywhere else. Your Success is Our Mission.

  • # members: 285
  • Price: $33 - $66/mo
  • Includes: monthly call, operations forum, discussion board, member website
  • Website: https://hifon.org/
  • CommunityTech: MemberPress


XY Planning Network's VIP Community

Group by XY Planning Network

by XYPN

We are thrilled to host an amazing community of talented professionals in the financial planning industry through our VIP Community. The purpose of this group is to provide a space for current and aspiring industry professionals to engage and network with others.


RIA Operators

Make friends. Get advice. Learn new tech. Grow.

by Joe Moss & Kate Guillen & Simplicity Ops

Imagine 1,000 RIA Operators: Founders, Ops Managers and CSA’s bettering themselves and their firms through education and community.

A place to ask questions, get advice, share insights and learn from like-minded individuals in our industry. Did reading that get you excited? Curious? Intrigued? If so, we want you to join our RIA Operators Community!

  • # members: 437 (not to 1,000 yet) :)
  • Price: free
  • Includes: community forum, classroom with CRM & ops training, monthly value calls, advisortech demos
  • Website: https://www.skool.com/ria-os
  • CommunityTech: Skool.com


Finteract

We're a community of forward-thinking financial advice professionals

by Finteract? & Fidelity Labs

Welcome to Finteract? – a community of forward-thinking financial advice professionals who have a growth mindset, ?? efficiency, help people fulfill their financial goals + propel our industry forward.

Think of Finteract as a mix between the ultimate study group + a digital coworking space with themed watercoolers. Join conversations you can’t have anywhere else with your (fully vetted!) financial advice professional peers. We keep the sales pitches out (aka no vendors permitted in), allowing for rich, valuable connections.

  • # members: 500+
  • Price: free
  • Includes: peer-to-peer digital platform, member directory, groups, resources, events, fun challenges, newsletter
  • Website: https://finteract.net/
  • CommunityTech: hivebrite.io


I hope this compilation brings awareness to the many great communities available to advisors and operations people alike to advance in their careers in the RIA industry.

Please let me know if I missed any communities. Community founders - if you would like to share more details, you can DM me or comment below.


#1 Tip on Networking to find a Job

Use a CRM.

Using the steps I shared in this newsletter, make a list of the companies (and contacts) you are reaching out to and add them to your CRM. I recommend Less Annoying CRM . It's free for 30 days, then $15/mo.

And believe it or not, it's delightful to use:

No alt text provided for this image
https://fintech.kitces.com/category/operations-essentials/crm/

For a 2nd free month, use my affiliate link, and I'll get a free month too.

Once you've added the companies you'd like to work for, track them as leads and start scheduling informational interviews. Create tasks to follow up, add appts and interviews to the calendar, and have fun! Less Annoying CRM will make your job search less annoying too.

:)


*https://www.apollotechnical.com/networking-statistics/

Joe Moss

COO at January Capital Advisors | Curator of the Conneqtor community

1 年

In today’s community news, Wealthtender acquires The AGC? ! Congrats Brian Thorp , Justin Castelli, CFP? , Taylor Schulte, CFP?

Carl Richards

Creator of the Behavior Gap

1 年

Hi Joe, Jacqueline here from Carl's team. Thanks for writing this! If folks want to check out The Membership, for a limited time Carl is offering a free trial here: https://thesocietyofadvice.com/the-membership Hope to see new faces on our next live call! -Jacqueline

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Zach Rampold

Execution is Everything. Let’s goooooo!

1 年

This is great. Thanks, Joe.

Taylor Schulte, CFP?

Retirement Planning for People Age 50+

1 年

Thanks for the mention, ?? Joe Moss ??, and congrats on the launch of your community!

Diana Cabrices

Fractional Chief Evangelist | Keynote Speaker | Growth Educator to Financial Advisors | FinancialAdvisor.TV Host | WealthTech's "Hype Woman" | ThinkAdvisor Luminary | InvestmentNews Rising Star

1 年

Congrats, ?? Joe Moss ??! Based on what I know about you and how meticulous you are (and super passionate about streamlining operations), I am sure your RIA school will be incredibly valuable to anyone that joins. Looking at your list, there are many quality communities out there for advisors. I'm especially a fan of The AGC?! ??

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