Keeping the morale up

Keeping the morale up
None of us have been through this before, so don’t be shy about sharing your thoughts and ideas
APR 03, 2020

"It feels good to laugh."

That’s how a recent call with our InvestmentNews advisory board wound up, and it seemed particularly apt to the pervasive mood in this third week of “the new normal.”

Week 1 brought the adrenaline of the new reality to the fore, and people were energized to tackle the challenge of getting work done under new circumstances. Week 2 saw the resumption of “normal” activities and the concomitant buzz of newness. Now, in Week 3, a sense of drudgery has set in. 

Allow me to share insights I’ve gleaned over the past couple of weeks that have helped maintain morale. 

First, overcommunicate. The consistent refrain has been that readers, users and clients will remember the people who reached out to them, and will quickly forget or dismiss those who put their head in the sand. 

Second, engage face to face. Turn on the camera for that Zoom; it’s so helpful to see people’s faces. 

Most important, innovate and share. None of us have been through this before, so don’t be shy about sharing your ideas. I’ve enjoyed reading, listening and watching new ideas, which, even if not directly applicable, can spark indirect ideas. 

Lastly, share a silly meme or story about what’s happened in your home. It will trigger that laugh — and those laughs will keep the morale up. 

Latest News

Annuities for RIAs: Why fee-only advisors still hit a wall
Annuities for RIAs: Why fee-only advisors still hit a wall

Halbert Hargrove senior wealth advisor weighs in on the products' guaranteed income upside, the operational drag and his wish list for carriers.

Broker-dealers must lean on tech, brand as advisors weigh options
Broker-dealers must lean on tech, brand as advisors weigh options

With 8.6% of advisors set to switch firms in 2026, Cerulli says advisor recruitment hinges on technology, branding and HNW support.

Advisor vs. advisor, Seattle showdown in fight for clients
Advisor vs. advisor, Seattle showdown in fight for clients

“I’m seeing more disputes like this between advisors and other advisors at the same practice,” said one industry executive.

Great Wealth Transfer might give way to a 'mirage,' Dunham research warns
Great Wealth Transfer might give way to a 'mirage,' Dunham research warns

Longer retirements and steady inflation could drain retiree portfolios before heirs inherit, with 4% net returns running dry by year 34.

Investors sue Coastal Financial after one fintech partner erases $470M
Investors sue Coastal Financial after one fintech partner erases $470M

A single fintech partner triggered a $68.8M credit hit.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains