A Word With Webber

Stemming from my passion for this industry, specifically for those that represent the independent community, I wanted to find a way to share my viewpoint about our business and the forces that influence it.  By creating A Word with Webber I hope to be able to openly share my opinion on topics that are at the heart of our industry.  It is my goal to use A Word with Webber to ignite and create conversation amongst financial professionals because it is my belief that it’s not in anyone’s best interest to be out there by themselves; not in their best interest and not in their client’s best interest.  I firmly believe there is tremendous power in community and collaboration, if only to ensure that one has considered all possibilities before choosing a path.  A Word with Webber is a home for respectful discussion where information can be shared and passed on.  Take part by responding with your knowledge and input through blog comments.

Amy Webber – President and Chief Operating Officer

Embracing Gender and Generational Differences

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A few months ago I was asked to take part in a question and answer session with Source Media. Their goal was to create a special supplement publication, the Women Advisors Forum Guide that would run with their September 2012 issue featuring industry firms that are dedicating resources to women in financial services.

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Secrets of Success (and not your average Michael J. Fox secrets)

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After spending a couple days at our 2nd Annual Women Advisors Forum a few weeks ago, I am feeling energized and optimistic about the future. The room was filled with nearly 100 advisors, sponsors, and Cambridge home office associates who were there to learn more about navigating and leveraging communication differences between men and women.

A few potential success factors we learned and shared were:

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Win-Win: The value of a successful internship program

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Last week I had the privilege of serving as a panelist on an InvestmentNews Webinar, NextGen: Getting the most from internships. Much like our next generation focus at Cambridge, the NextGen initiative at InvestmentNews is designed to showcase the career opportunities within the financial services industry and inspire students to consider a career in our industry.  

I was encouraged by the registration of over 500, but even more encouraged that I was joined on the panel by three other professionals who are passionate about helping the financial services industry attract and retain young talent. The other three panelists came from other financial services firms as well as the world of academia and have similar goals as Cambridge and InvestmentNews pertaining to the next generation—to bring young people into this industry we have grown to love.

Raising the bar.

From the moment some of these young, talented 20-somethings arrived on our campus, their energy and enthusiasm was felt throughout the organization. Having them here has raised the bar with our home office associates as evidenced by the new ideas and a feeling of creativity run rampant. These interns are taking to heart some of the things I encourage all new Cambridge associates to consider:

  • Ensure that our core values are aligned with your own
  • Network, Network, Network – Continually build relationships
  • Ask questions and seek answers, but do your homework
  • Understand and accept that your actions and attitude are always being observed

This advice holds true for those people who have an ultimate goal of being a financial advisor as well those who believe they will be more fulfilled by serving those that serve others.

Embrace the generational gaps.

As our interns settle in, we see their ability to dive right in and tackle certain projects. We embrace the ease with which they use technology and take advantage of the efficiency that technology brings to their roles here. One of the other panelists commented that internship experiences must be a “win-win” for both the intern and the organization. I agree with that statement 100% and think it’s important that they learn skills from us in return that can’t be learned strictly from the classroom —things such as strong communication and client service skills. Our business is about people and helping those people along the way, making those soft skills just as important as the information they are learning through their coursework.

Make an impression.

During the webinar we were asked what types of things an intern could do to make an impression and remain memorable. My simple answer is, the same things that I remember about any interaction or relationship. I will remember them most for their attitude—their eagerness to take things on, their confidence to get things done, and their perseverance to get things right.

I welcome your feedback and ask you to consider what types of skills you look for in a future successor. Please share what tips you would give young people who desire to be in the financial services industry. Finally, take a moment to ask yourself, what am I doing that is helping to sustain the industry that I love?

 ~Amy

If you’d like to listen in to the 60-minute webinar, NextGen: Getting the most from internships, you can find the archived recording on www.investmentnews.com or simply click here.

 

 

Future Trusted Advisors – Where are they hiding?

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The Cambridge home office has been excitedly buzzing about our first official summer internship program as the arrival of students draws closer each day. At the end of May, 14 talented students will join the Cambridge family for 10 weeks of learning in a variety of areas across our company. We are excited these students are joining us and even more excited to show students the many distinct career paths that exist within the financial services industry. Read more

Cambridge Source: “Yesterday’s luxuries are today’s necessities”

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Was it really that long ago that a practice was run using paper and landlines with only face-to-face planning meetings? Times change quickly and needs arise that didn’t exist yesterday. The demands on you as an advisor increase as you strive to keep up with your ever-changing business in this environment filled with trends and fads.  Trying to decide where to place your resources is challenging with the feeling of potential risk in mind. Read more