Supernova Advisor Teams

Strengthen and unify your Financial Advisor Team Teams are the principle building blocks of the strategy of successful organizations. The focus of your organization may be on service, quality, cost, value, speed, efficiency, performance, or any other similar goals, but teams remain the central methodology of most organizations across sectors. Vertical teams and horizontal teams can transcend organizational silos and boundaries if properly focused and supported. Building collaborative teams can improve the client experience. In Supernova Teams: Effective Team Strategies for Financial Advisors, you’ll discover the macro rationale and justification for teams, as well as the micro benefits of team formation. •    Boost your team’s effectiveness •    Discover different leadership styles •    Write winning team vision statements •    Get familiar with communication strategies From on-boarding a new team member to finding effective ways to bolster the ones you already have, this book shows you how to turn any team into a cohesive, productive unit with like-minded goals.

Foreword vii Preface xi Acknowledgments xv Introduction: Why Form a Team? xvii Chapter 1 Stepping Outside of Your Comfort Zone 1 Chapter 2 Distinct Types of Teams 11 Chapter 3 Team Effectiveness 23 Chapter 4 Leadership Styles/Leading the Team 33 Chapter 5 Establishing a Vision, Mission Statement, Value Proposition, and Elevator Pitch 43 Chapter 6 Operationalizing the Five Star Model 61 Chapter 7 Team Collaboration 73 Chapter 8 Shock Trauma Surgery Teams: A Compare and Contrast View 87 Chapter 9 Team Contract and Agreement 99 Chapter 10 The Key Drivers of Your Business, Forecasting Growth, and Building Your Business Plan 111 Chapter 11 Recruiting, Hiring, and Retaining Good People 123 Chapter 12 Onboarding and Mentoring a New Team Member 139 Chapter 13 Team Dysfunction: The Elephant in the Room 149 Chapter 14 The Leader/Manager Role in Building and Coaching Teams 161 Chapter 15 Wealth Management in the Digital Age 173 Chapter 16 Diverse Teams and Niche Markets 185 Chapter 17 Team Summary 199 Index 211