{"id":40724,"date":"2021-03-26T13:40:17","date_gmt":"2021-03-26T17:40:17","guid":{"rendered":"https:\/\/ilgfinancial.com\/staging\/2370\/newstaging\/?p=40724"},"modified":"2022-05-24T22:00:03","modified_gmt":"2022-05-25T02:00:03","slug":"2020-changed-how-your-financial-professional-works-with-you","status":"publish","type":"post","link":"https:\/\/ilgfinancial.com\/staging\/2370\/2020-changed-how-your-financial-professional-works-with-you\/","title":{"rendered":"2020 Changed How Your Financial Professional Works with You"},"content":{"rendered":"<p><img decoding=\"async\" class=\"wp-image-41937 alignright\" src=\"https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc.jpg\" alt=\"\" width=\"503\" height=\"377\" srcset=\"https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-200x150.jpg 200w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-300x225.jpg 300w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-400x300.jpg 400w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-600x450.jpg 600w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-768x576.jpg 768w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-800x600.jpg 800w, https:\/\/ilgfinancial.com\/staging\/2370\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc.jpg 900w\" sizes=\"(max-width: 503px) 100vw, 503px\" \/>The loose definition of a financial professional is someone that provides insight intended to lead to a better outcome for your financial future. The workings of their daily routine include everything from planning to building your portfolio and\/or retirement plan.<\/p>\n<p>While the basics of\u00a0running a financial business\u00a0didn&#8217;t change in 2020, it seems that more investors realized the value of having one comprehensive approach. The volatility of the markets and importance of having access to cash and other resources spiked in 2020.<\/p>\n<p><strong><em>Likely the loudest change was handed down by the Securities and Exchange Commission<\/em><\/strong>. On June 30, brokers and financial advisors must comply with <a href=\"https:\/\/www.sec.gov\/rules\/final\/2019\/34-86031.pdf\">Regulation Best Interest<\/a>. This rule requires these professionals to put clients\u2019 interest first when giving advice and to disclose conflicts of interest. Investors need to be on their guard and ask financial advisors whether they\u2019re legally required to act as fiduciaries.<\/p>\n<p>In terms of daily workflow, the most notable change centered around how advisors pivoted to support clients virtually throughout the pandemic. They adapted quickly to figure out how they could continue supporting clients through digital tools in a secure environment.<\/p>\n<ul>\n<li>Lockdowns pushed advisors to quickly adopt technologies like Zoom to communicate with clients virtually.<\/li>\n<li>Many removed the long-standing barriers to digital utilization and expanded their signature approval with software like\u00a0<strong>DocuSign<\/strong>(DOCU).<\/li>\n<li>Opening accounts digitally also provided more efficiency and a secure way for financial professionals to access the platform.<\/li>\n<li>Webcasts, whitepapers, and other online resources have become commonplace to help advisors better support and educate their clients.<\/li>\n<\/ul>\n<p>Spending time directly with clients and maintaining those connection points is critical to keeping strong relationships and providing support.<\/p>\n<p>As financial professionals, we know the importance of keeping your investments on track even after this pandemic subsides, and changing the face of our business is part of that process. Call us today at <a href=\"tel:540-720-5656\">(540) 720-5656<\/a> so we can show you how things have changed, and so you feel comfortable working in a new way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loose definition of a financial professional is someone that provides insight intended to lead to a better outcome for your financial future. The workings of their daily routine include everything from planning to building your portfolio and\/or retirement plan. While the basics of\u00a0running a financial business\u00a0didn&#8217;t change in 2020, it seems that more investors realized the value of having one comprehensive approach. The volatility of the markets and importance of having access to cash and other resources spiked in 2020. Likely the loudest change was handed down by the Securities and Exchange Commission. On June 30, brokers and financial advisors must comply with Regulation Best Interest. This rule requires these professionals to put clients\u2019 interest first when giving advice and to disclose conflicts of interest. Investors need to be  [&#8230;]<\/p>\n","protected":false},"author":48,"featured_media":41937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[51,3259],"tags":[],"class_list":["post-40724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-planning","category-retirement-planning-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2020 Changed How Your Financial Professional Works with You - ILG Financial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ilgfinancial.com\/2020-changed-how-your-financial-professional-works-with-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Changed How Your Financial Professional Works with You - ILG Financial\" \/>\n<meta property=\"og:description\" content=\"The loose definition of a financial professional is someone that provides insight intended to lead to a better outcome for your financial future. The workings of their daily routine include everything from planning to building your portfolio and\/or retirement plan. While the basics of\u00a0running a financial business\u00a0didn&#8217;t change in 2020, it seems that more investors realized the value of having one comprehensive approach. The volatility of the markets and importance of having access to cash and other resources spiked in 2020. Likely the loudest change was handed down by the Securities and Exchange Commission. On June 30, brokers and financial advisors must comply with Regulation Best Interest. This rule requires these professionals to put clients\u2019 interest first when giving advice and to disclose conflicts of interest. Investors need to be [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ilgfinancial.com\/2020-changed-how-your-financial-professional-works-with-you\/\" \/>\n<meta property=\"og:site_name\" content=\"ILG Financial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ILGFinancial\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-26T17:40:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-25T02:00:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ilgfinancial.com\/wp-content\/uploads\/2021\/03\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc-768x576.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brooks Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ILGFinancial\" \/>\n<meta name=\"twitter:site\" content=\"@ILGFinancial\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brooks Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/\"},\"author\":{\"name\":\"Brooks Brown\",\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/#\\\/schema\\\/person\\\/d88cf660132b40bbe0f571b716edf1cf\"},\"headline\":\"2020 Changed How Your Financial Professional Works with You\",\"datePublished\":\"2021-03-26T17:40:17+00:00\",\"dateModified\":\"2022-05-25T02:00:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/\"},\"wordCount\":336,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ilgfinancial.com\\\/staging\\\/2370\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/letter-board-with-numbers-2020-through-eyeglasses-2021-09-02-01-36-43-utc.jpg\",\"articleSection\":[\"Financial Planning\",\"Retirement Planning\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/\",\"url\":\"https:\\\/\\\/ilgfinancial.com\\\/2020-changed-how-your-financial-professional-works-with-you\\\/\",\"name\":\"2020 Changed How Your Financial Professional Works with You - 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