Consultants Help Clients Find and Fire Advisers

A small industry of consultants don't manage any money but help wealthy investors pick financial advisers-those who not only create solid portfolios but have a steady employment history and obey to stringent fiduciary standards, or are able to add a specialty to a family office.

Related Videos

  • How to Hire More Female Financial Advisers

    There's still a shortage of female financial advisers. Here's how some firms are recruiting and keeping more women.

  • Why Not Hire a Robo-Adviser?

    Here's one adviser's view on why folks may want to choose an adviser instead of a Robo-adviser.

  • Why Bother Hiring An Adviser?

    Here are a few reasons why investors may want to hire an adviser.

  • How to Be a Consultant to Wealthy Families

    Here's a look at the practice of Ballentine Partners' Coventry Edwards-Pitt.

  • How to Advise Entrepreneurs

    What it means to "go independent" has changed over the years. Plus, here's how advisers can effectively use technology. And, here's how advisers need to speak with some entrepreneurs. WSJ Wealth Adviser's Veronica Dagher reports.

  • How Management Consulting Teaches Problem Solving

    In Chapter 12 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "How Has Your Management Consulting Experience Helped You Be a More Strategic Thinker?" Working as a management consultant teaches Law how to be a better problem solver by training him to best organize and structure client problems. Helping clients organize their thinking allows Law and his management consulting project team to break down difficult problems and better organize information.

  • Leslie Kerner on Skills You Build Working in Management Consulting

    In Chapter 18 of 21 in her 2013 Capture Your Flag interview, education software company executive Leslie Kerner answers "What Core Skills Did You Learn Working in Management Consulting That You Still Use Now?" Kerner learns communication skills that help her navigate uncomfortable situations working with client managers. As a Deloitte management consultant, Kerner builds conversation skills to address sensitive client topics in non-threatening ways that do not compromise project productivity.

  • Advise for Adviser Going Independent

    Advisers may want to go independent but there are a few fears they need to overcome first. Plus, here's how advisers can keep their radio show compliant. And, a look at how advisers can make the transition to independence easier.

  • Bryan Law on Building Team Trust Working in Consulting

    In Chapter 15 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "How Do You Establish Trust When Building Relationships?" Working abroad in Dubai, Law learns the importance of spending time getting to know your clients and your project team personally and professionally before conducting business. He finds it helps to sit down with new team member and share backgrounds and goals.

  • Bryan Law on Using a Psychology Degree in Human Capital Consulting

    In Chapter 5 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "How Did You Get Involved in Human Capital Consulting and What Did You Learn in That Job?" Graduating Georgetown University with a BA in philosophy and psychology, Law searches for business jobs that value psychology. This leads him into HR consulting and teaches him to build skills on how company human resources and human capital shape strategic business planning.

  • 3 Ways to Build Management Consulting Project Manager Skills

    In Chapter 11 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "What Core Skills Did You Learn Working on Management Consulting Projects?" Growing into a project manager role working in management consulting, Law finds three areas on which to focus. First, he learns what to prioritize in order to run a client project efficiently. Second, Law makes sure to build a strong relationship with the client that goes beyond the project. Third, he builds a dynamic team.

  • Bryan Law on Leaving Consulting to Work at Google

    In Chapter 18 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "What Informed Your Decision to Leave Consulting and Join the Google Global Strategy Team?" After years working in economic development as a management consultant, Law sees how lack of access to information hinders growth and development. In joining Google and working in global business strategy, Law sees an opportunity to contribute to Google's mission of making information more easily available.

Other Advice Videos

  • BrightScope Brothers Talk Advice and Money Mistakes

    BrightScope Brothers give their best money advice.

  • Jack Bogle's Father's Day Advice

    Vanguard founder and former CEO John C. 'Jack' Bogle tells MONEY the advice he gives his kids about managing their money.

  • Mom Knows Best: Financial Advice from Mothers

    The Money staff shares the best financial advice their mothers ever gave them.

  • Listening to Mother's Financial Advice

    With Mother’s Day right around the corner, it is a good time to remember your mother’s tips for a better financial future. We review six suggestions that still serve as reliable advice.

  • Financial Advice for College Grads

    Here are a few money mistakes graduates should avoid and some advice they may want to follow.

  • Jason Anello on How to Give Better Advice When Asked for Help

    In Chapter 13 of 20 in his 2014 Capture Your Flag interview, creative director and marketing agency co-founder Jason Anello answers "How Have You Learned to Give Better Advice When People Ask You for Help?" Anello shares how giving better advice is to spend more time truly understanding the question you are asked rather than simply sharing what you did when faced with a similar situation. He finds putting himself in the other person's shoes - showing empathy - helps the advice conversation.

  • Andrew Hutson on Finding Sources for Life Advice and Career Coaching

    In Chapter 19 of 23 in his 2014 Capture Your Flag interview, environmental advocate Andrew Hutson answers "At This Moment in Your Life, Where Are You Seeking Advice and Coaching?" Hutson shares three resources he uses for advice and coaching. First and foremost, he relies on his wife for advice giving and attentive listening. Second, he builds mentor relationships in and out of work to provide role modeling and feedback. Third, he works with an executive coach to gain insight on management.

  • Mike Germano on How to Give Better Advice When Asked for Help

    In Chapter 20 of 23 in his 2014 Capture Your Flag interview, VICE Media Chief Digital Officer Mike Germano answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Germano shares how advice requests can often be asks for other things, including asking for money. He also learns to know when not to give advice - including unsolicited advice - and instead help others make their own decisions. Mike Germano is Chief Digital Officer at VICE Media.