Ensemble Financial Initiates "Financial Advisor Think Tank"

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Ensemble Financial Services, a leading independent broker dealer and the leading outsourcing company for independent financial advisors, today announced the successful first meeting of its new Strategic Advisory Board to identify issues in practice management.

Ensemble Financial Services, a leading independent broker dealer and the leading outsourcing company for independent financial advisors, today announced the successful first meeting of its new Strategic Advisory Board. The Board is comprised of financial advisors representing the different practice models in the advisory industry: national brokerage, bank subsidiary, and independent practice. "We assembled a group of highly successful advisors to help us identify what is working in this challenging environment, and where there were opportunities to be more effective in delivering advice to clients" reports Stephen Wershing, CFP, President of Ensemble. "Ensemble's mission is making advisors more effective, successful and profitable. Organizing a 'think tank' about practice management is a great way for us to get feedback and ideas on how we can do that better."

To advise on the construction of the board and to facilitate the meeting, Ensemble retained CAB HQ, the nation's leader in conducting client advisory boards for financial professionals. The company has held hundreds of advisory boards in the last several years. "If we were going to engage advisors in a deep conversation about the challenges of running a practice in this environment, and generate value for us and for the participants, there was really no doubt we needed to have Bruce Peters and CAB HQ running it" said Wershing.
Members of the Board present at its initial meeting included:

  • James H. McBride, High Falls Advisors
  • Laurie Haelen, AM&M Financial Services
  • Nanette Nocon, Nocon & Associates, Amerprise
  • Michael Kaufman, KSH Group, Merrill Lynch
  • Thomas Ward, Ward Wyatt Associates, Ameriprise
  • Charles Pettit, OppenheimerFunds

About the content of the meeting, Wershing said "There were some great issues introduced. The first meeting of a group like this is always the hard one, but by the conclusion we were getting into some really valuable topic areas - some we anticipated, and some that surprised us. For example, we had a long discussion on how independent practices without a national institutional name behind them overcome the concerns among prospective clients that they might be dealing with another Bernie Madoff or Allen Stanford. We will have the transcripts done shortly, and it will be very interesting to consult with the Board members on which specific items we should pursue."

About Ensemble Financial Services, Inc.
Ensemble Financial Services (http://www.ensemblefs.com) is the leading outsourcing company for independent financial advisors. Financial advisors who run their own businesses look to Ensemble to provide everything they need to keep their businesses running so they can invest their time working on client service. Ensemble's virtual staffing services, comprehensive technology suite, operations and clearing services, and broker dealer provide a comprehensive solution for financial advisors, especially valuable to advisors transitioning from being an employee to establishing their own business. Headquartered in Pittsford, New York, Ensemble is a subsidiary of Tompkins Financial, recognized by The Staton Institute(R) in the 2009 Edition of America's Finest Companies(R).

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Susan Herendeen
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