{"id":3691,"date":"2024-01-19T17:41:11","date_gmt":"2024-01-19T17:41:11","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/thewonggroup\/?p=3691"},"modified":"2024-01-19T17:41:11","modified_gmt":"2024-01-19T17:41:11","slug":"the-globe-and-mail-wealth-management-collaborative-work","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/thewonggroup\/the-globe-and-mail-wealth-management-collaborative-work\/","title":{"rendered":"The Globe and Mail: How Wealth Management Firms are Luring Advisors with Collaborative Work Environments"},"content":{"rendered":"

\"How<\/p>\n

In this week’s Globe and Mail article, our very own Maili Wong explains how fostering a collaborative culture in a wealth management firm can lead to better results for clients.<\/p>\n

Click\u00a0here<\/u><\/strong><\/a> to find out what Maili had to say on the topic:<\/p>\n

 <\/p>\n

\n

Defying the financial industry\u2019s \u2018dog-eat-dog\u2019 reputation, some wealth management firms are embracing a collaborative culture.\u00a0 This can lead to better results for clients.<\/p>\n

\u201cWorking for an independent, you\u2019re not having to think about doing what\u2019s best for the shareholders of the firm. I just have to focus on what\u2019s best for the clients,\u201d says Maili Wong, senior wealth advisor and senior portfolio manager with The Wong Group at Wellington-Altus Private Wealth Inc. in Vancouver.<\/p>\n

In that firm\u2019s corporate structure, advisors like Ms. Wong are partners as opposed to employees. She says the culture is also markedly different from her previous employers, which for many years included a bank-owned firm.<\/p>\n

\u201cHere, we don\u2019t compete for clients,\u201d she says. \u201cIn fact, we often cross-refer clients we think would be a good fit for a different partner at the firm.\u201d<\/p>\n

Non-bank-owned wealth management firms such as Wellington-Altus have found a sweet spot in the marketplace. That\u2019s helped by less rigid corporate cultures in which veteran advisors are encouraged to mentor younger ones and help each other build their practices.<\/p>\n

\u201cThe result is our teams are happier, and that leads to our clients getting better service,\u201d Ms. Wong says.<\/p>\n

She adds that this environment can also lead to increased referrals from existing clients, boosting growth in the process. \u201cIt\u2019s a virtuous circle.\u201d<\/p>\n<\/blockquote>\n

 <\/p>\n

If you have any questions about how this relates to you or your investment portfolio and financial plan, please give us a call at <\/i>778 655 2410<\/i><\/span><\/a>\u00a0or email us at\u00a0<\/i>thewonggroup@<\/i><\/span><\/a>wellington-altus.ca<\/i><\/span><\/a><\/p>\n

Sincerely,
\nMaili Wong<\/b>, CFA, CFP, FEA
\nSenior Portfolio Manager & Senior Wealth Advisor<\/p>\n

Wellington-Altus Private Wealth Inc.<\/p>\n

Board Director<\/p>\n

Wellington-Altus Financial Inc.<\/p>\n

Maili Wong is a senior portfolio manager and senior wealth advisor at The Wong Group at Wellington-Altus Private Wealth and the Amazon best-selling <\/em><\/strong>author of \u2018Smart Risk.\u2019 She has over two decades of experience in the finance industry and was named a Top Wealth Advisor and one of the Best in Province in the 2022 rankings produced by The Globe and Mail and SHOOK Research.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In this week’s Globe and Mail article, our very own Maili Wong explains how fostering a collaborative culture in a wealth management firm can lead to better results for clients. Click\u00a0here to find out what Maili had to say on the topic:   Defying the financial industry\u2019s \u2018dog-eat-dog\u2019 reputation, some wealth management firms are embracing […]<\/p>\n","protected":false},"author":85,"featured_media":3692,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","footnotes":""},"categories":[421],"tags":[491,67,486],"class_list":["post-3691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-globe-and-mail","tag-maili-wong","tag-press"],"yoast_head":"\nThe Globe and Mail: How Wealth Management Firms are Luring Advisors with Collaborative Work Environments<\/title>\n<meta name=\"description\" content=\"In this week's Globe and Mail article, our very own Maili Wong explains how fostering a collaborative culture in a wealth management firm can lead to better results for 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