By Barron's Advisor Staff

One hallmark of Barron's Advisor conferences is that we ask speakers to provide attendees with actionable ideas they can implement in their wealth management practices.

At recent gatherings, however, we also canvassed the room for useful tips from speakers and attendees alike. That was the case at the Barron's Advisor Independent Summit in Orlando, Fla., last month.

Rick Kent, CEO of Merit Financial Advisors, suggested attendees each identify three things to implement from the conference and also gave us an actionable idea of his own. For those who didn't attend, here are 10 of the best action items, edited for clarity:

Rick Kent, CEO Merit Financial Advisors

"Let go and grow. Let others make decisions so you can make yourself less relevant."

Craig Butler, chief growth officer, tru Independence:

"Roll up your sleeves and learn more about cryptocurrency. I've been too ignorant, but it's time to get serious about learning more about it."

Jill Ciccarelli Rapps, financial advisor, Ciccarelli Advisory Services:

"If you're hiring because you need people, you're too late. Be proactive with hiring."

Jim Beindorf, portfolio manager, SpirePoint Private Client:

"Consider developing an advisory board at your firm."

Jeffrey Grey, regional lending manager, Goldman Sachs Private Bank Select:

"Write an investment report on your own firm, like an analyst would. Look at your own firm as if you were an investor looking to invest in it."

Marc Alexander, financial advisor, Wells Fargo:

"Emphasize the importance of health and wellness for your staff. I'm also going to encourage them to take an online course in writing AI prompts."

Elizabeth Scheiderer, senior financial advisor, Signal Tree Financial Partners:

"Create a calendar of micro client events that are focused on your niche."

Danielle Darling, financial advisor, Resource One Advisors, LPL Financial:

"AI is at the forefront of our industry. If you don't implement it in your practice, you're at risk. Jump AI has given us time back."

Dimitri Eliopoulos, CEO, Curi RMB Capital:

"For firms that want to focus on M&A, putting culture before economic considerations is important."

Chris Bordner, CEO, Synergy Wealth Alliance:

"Transitioning from advisor to CEO is a difficult challenge. You have to fire yourself from certain positions."

With reporting by Teresa Holliday

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March 31, 2025 16:19 ET (20:19 GMT)

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