Lose assets under management
Lose future business
Pay legal bills
Resources wasted trying
to improve damage to reputation
No resources left to invest in value creation
|
Company reputation harmed
Advisors reputations are harmed
Advisors don't want to
work at your company
New advisors don't want
to join company
Clients move their
accounts to other institutions and advisors
Clients begin legal action
Morale suffers
|
No clear IRA goals
IRA goals do not align
with overall objectives
Advisors not properly prepared to retain IRAs under management
Company not prepared for advisor problems and complaints from clients
Large resources required
to repair damage to reputation
No overall strategic
IRA plan
Fail to implement plan
Not keep up with changes to IRA rules
Get started on process,
and stop implementing
their plan
|
