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.

  • 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.

  • 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.

  • 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 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.

  • Bryan Law on the Rewards of Economic Development Consulting

    In Chapter 14 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "What Did You Find Most Rewarding About Doing Economic Development Consulting Work?" As an economic development consultant, he is able to find common best practices in industries such as agriculture where he can bring together stakeholders from the private sector, the donor development community, and government. He then translates these best practice knowledge from one part of the world to another.

Other Advice Videos


  • Anatole Faykin on The Privilege and Pleasure of Giving Advice to Friends

    In Chapter 5 of 16 in his 2014 Capture Your Flag interview, Internet entrepreneur Anatole Faykin answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Faykin shares how giving friends' advice is both a privilege and a pleasure. He notes that giving advice is tough, as often a friend is looking to have a listener and to vent rather to actively seek out feedback. Faykin works to discern those who want to vent from those who actually want advice and answers.

  • Matt Ruby on Being Comfortable Not Getting Asked For Advice

    In Chapter 5 of 19 in his 2014 Capture Your Flag interview, standup comedian and Vooza founder Matt Ruby answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Ruby shares how he is not often approached for advice. He finds it may be due to coming across as unapproachable or doing work that is not fully understood by others. While Ruby does not try to avoid people, he shares that not being asked for advice is fine with him and allows him to be left alone.

  • Hattie Elliot on How to Give Better Advice When Asked for Help

    In Chapter 4 of 15 in her 2014 Capture Your Flag interview, entrepreneur Hattie Elliot answers "How Have You Learned to Give Better Advice When People Ask You for Help?" As someone who connects people for a living, Elliot learns the most important part of giving advice is to underpromise and overdeliver. This helps to ensure she is able to meet expectations when making promises. She also learns to refine her willingness to help others to focus on a smaller group of close friends and family.

  • Ramsey Pryor: How to Give Better Advice When People Ask You For Help

    In Chapter 11 of 16 in his 2014 Capture Your Flag interview, product management executive Ramsey Pryor answers "How Have You Learned to Give Better Advice When People Ask You for Help?" With time, Pryor learns to give less prescriptive advice. He learns from his children to give advice is more to be a sounding board and help others make a decision rather than to make a decision for others. Pryor is a product management executive at IBM focused on cloud-based collaboration.

  • 6 Celebrated Women Offer Advice to Their 20-Year Old Selves

    What advice would you give your 20-year-old self? asked Real Simple.

  • Rachel Lehmann-Haupt on Seeking Advice From Working Mom Friends

    In Chapter 17 of 17 in her 2014 Capture Your Flag interview, author and small business owner Rachel Lehmann-Haupt answers "At This Moment in Your Life, Where Are You Seeking Advice and Coaching?" Lehmann-Haupt shares how she gathers working mom friends she respects to help her shape next steps in her life as a working mom. She finds her friends understand her needs as someone trying to be a good mom and strike the right work-life balance in an aspiring career. Rachel Lehmann-Haupt is a writer.

  • Getting Advice for Making Big Decisions in Your 30s

    In Chapter 23 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "At This Point in Your Life, Where Are You Seeking Advice and Coaching?" Now in his thirties, Law shares how he gets advice from a network of people to make more informed decisions. From teacher mentors from Georgetown to an inspiring Angolan friend to his parents to his spouse, Law finds willing people to support him as he faces key life decisions.

  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.