In an industry as dynamic and evolving as finance services, staying up-to-date with trends that change almost daily is not just an option but a necessity. Market shifts, regulatory changes, and technological innovations are constantly being introduced and altering how independent financial professionals conduct their businesses. This creates a major business challenge for financial professionals who must keep their knowledge and practices sharp and compliant. 

An Office of Supervisory Jurisdiction (OSJ) can make a difference by helping financial advisors meet this challenge. As a strategic ally, an OSJ can provide you and your team with updates and training courses to ensure your practice remains competitive in this rapidly changing industry.

In this blog post, we will delve into the pivotal role an OSJ plays in ensuring your practice’s continued relevance and competitiveness. 

  • The Significance of an OSJ’s Role in a Rapidly Changing Industry
  • Staying Competitive: The Ultimate Benefit of Keeping Up with Industry Trends

Considering a partnership with an OSJ? Read our latest Quick Guide: “How to Select the Right OSJ for Your Practice. 

The Significance of an OSJ’s Role in a Rapidly Changing Industry

As an independent financial professional, your days are likely filled with client service meetings, prospecting for new clients, managing assets, producing financial plans, and running your business.  Taking your time to keep updated on new regulations, technologies, and industry trends may not fit into your already busy schedule.  This is where an OSJ partner can provide some major benefits.

Going it alone means wearing a lot of hats. As your client base grows, this could impact the amount of time you’re able to spend with your clients.  

At Evolution Financial Advisors (EFA), our job as your Office of Supervisory Jurisdiction (OSJ) partner is to be an indispensable resource in keeping you and your team updated on industry regulations and trends.  Our role has expanded greatly over the past few years as the financial services industry has evolved due to: The Internet, digital marketing, new technologies, regulatory changes, and shifting client expectations. As the adage says, “Without growth, there’s only regression.” 

At EFA, we can provide you and your team with timely training and development services to ensure current compliance requirements are being adhered to in your practice. This training can include timely updates on new industry trends, policies, regulations, and changes in the financial service industry. This training can give you and your team the tools and knowledge you need to develop a competitive advantage that helps you produce new clients.

For instance, with the rise of AI-driven financial services, EFA can provide insights into how you can adopt these new technologies and practices into your operations to enhance your customer service and maximize your clients’ results.

In addition to providing industry trend training, the EFA team can provide perspectives into consumer behavior shifts and the latest products and investment vehicles.  These updates can assist in providing comprehensive financial advice to your clients, especially in challenging market conditions.  

We also focus on skill development, such as soft skills, relationship management, client communication, and ethical practices. These are essential in building long-term relationships with clients and maintaining high standards of professionalism, which is critical in today’s competitive landscape.  

Another significant advantage to partnering with the EFA team is our emphasis on compliance. We help you understand and adhere to the financial services industry’s complex regulations. 

As an independent financial professional, you must stay on top of current trends and changes to remain competitive and relevant in a constantly evolving industry. One of the most effective ways to do this is by partnering with an Office of Supervisory Jurisdiction (OSJ) like EFA.  

Get to Know the EFA Team

Partnering with a team like EFA enables you to focus on your primary roles – providing expert financial advice and services to your current clients, winning new client relationships, and working within industry guidelines.

Our services are designed for motivated financial professionals who want to build their brands and add new clients. We do the heavy lifting so you can focus on the activities that produce the biggest returns for you and your firm –  establishing and growing your brands, building a profitable business, and eventually selling your business and transitioning into full or part-time retirement.

We work with independent financial professionals who have maintained clean compliance records:

  • Professionals seeking independence from Wirehouses
  • Agents desiring to break free from captive insurance groups
  • Both fee-only and hybrid RIAs and IARS
  • Commission-only financial professionals

If you are looking for a collaborative OSJ partner who can do the heavy lifting for you, we invite you to connect with us at your convenience

Large Enterprise/OSJ
Chris Virgil

More about the author: Chris Virgil

Chris is the assistant vice president at Evolution Financial Advisors. He works to help advisors grow their businesses and gain a sense of freedom. Chris is a business and behavioral coach working with existing EFA financial professionals to create a more fulfilling practice, streamline operations, and enhance client experience.