The returns are the most when you invest in people and technology.
There is a reason why few IFAs grow while others don't. They are self motivated.
Your advice is your biggest brand.
Creating a big vision is the most difficult part of mutual fund distribution business.
Delegation will double your speed of increasing AUM.
Active advisory is more dangerous than no advisory.
Mutual fund distribution business has some challenges. Other businesses have more challenges.
Focus on your AUM, not the other IFAs business.
Staying in business is a big thing. The storms will pass.
Work hard in good times. Double the hard work during bad times.