We constantly learn from each other, our clients, the consultant community, other experts and our amazing industry. In this section, we share some of the wisdoms we have gained.

We get paid to work on behalf of some of the smartest people in the world.

Insights

For most in the investment management industry, meetings are at the heart of our world. We move from one to the next, focused on sharing information in a clear, concise manner. Teams train to ensure their messages sound compelling, the delivery is effective, and resonates.

For most in the asset management industry, meetings are at the heart of our world. We move from one to the next, focused on sharing information in a clear, concise manner. Individuals and teams train to ensure their messages sound compelling and resonate, and that their delivery is effective.

While those aspects are key to ensuring a successful meeting, often presenters concentrate so much on what they are saying, they forget to listen. Whether executing an external meeting with a prospect, an investor, or a consultant, or an internal meeting with colleagues, a balance of both what you say and how well you listen, is essential.

As we listen, our brains are triggered to immediately start to think about what we will say next. Sometimes it is in response to what we are hearing – other times it is merely a reply filled with what we want to say. Or we just get distracted and forget to listen. Have you ever been in a meeting and found yourself jotting down a to-do list?

  • Work out
  • Make dentist appointment
  • Pay bills
  • Edit the quarterly update

It happens. Raising awareness of the importance of fully listening and not being distracted augments the experience during a meeting, helps to build rapport, and ultimately to achieve a more mutually positive outcome.

During your next meeting, strive for balance between what you say and not losing the art of listening – here’s a to-do list:

B(e) H E R E

After four decades of working in the investment management industry together, my partner Christine Rostvold shared with me that she would like to retire after we completed an assignment for a $4 trillion-plus firm. Her decision raised a lot of questions for me. Was I ready to retire? Did I want to work on my own with clients? Did I still have much to offer the investment community? My answers were NO, I PREFER A TEAM APPROACH TO ACHIEVING BEST SOLUTIONS and YES.

After four decades of working in the investment management industry together, my partner, Christine Rostvold, shared with me that she would like to retire after we completed an assignment for a $4 trillion plus firm.  Her decision raised a lot of questions for me.  Was I ready to retire?  Did I want to work on my own with clients?  Did I still have much to offer the investment community?  My answers were NO, I PREFER A TEAM APPROACH TO ACHIEVING BEST SOLUTIONS and YES.

In our new virtual world, I have learned we can all be productive without sitting next to one another.  So what would be the best for my clients, me and my team going forward?  To align with some of the best and brightest talent wherever they may be to solve for the challenges facing the asset management firm world.  What do asset management firms need to overcome?  Challenges in starting up new asset management firms, reaching different distribution channels, merging cultures of distinct firms (large, small, metropolitan, global, local), succession, product development, ever new technologies, communications, training (or in some cases, retraining) professionals.  Social media, compliance, SEC rules, ESG debates.  Diversity, inclusiveness.  All are challenges.  Why not put together experienced professionals and insights with innovative minds and research, and solve these challenges together?

Thus, the vision for The Charnley Collective.

What can you expect from us?  Initially, we have joined together experts across a broad range of resources relevant to asset management firms.  Our commitment is to build a platform of expertise that will enable your asset management firm to leverage internal resources with external skills across a host of areas.  You will see us grow, because we will listen to our clients, convene together, and continually explore – what’s a priority, what’s in the future, how can our clients succeed?

We don’t want to be all things to all people.  We want to be a valuable resource for our asset management clients, no matter the size, the distribution channel, the products, the location.  We want to listen, learn from you and from each other, and solve problems working as a team with you and with each other.

Multiple heads, all with diverse backgrounds, experiences in the financial industry and skills, will be better than one.

That’s our vision.

There is only one response to succession planning questions that tells me a company is unlikely to thrive after its founder moves on: “We haven’t gotten around to that.”
That firm is planning to fail.
Training and naming who’s next is succession planning.

There is only one response to succession planning questions that tells me a company is unlikely to thrive after its founder moves on.

“We haven’t gotten around to that.”

That firm is planning to fail.

Training and naming who’s next is succession planning.

Don’t plan, well, shutting the doors is what’s next.

Board members; Scared to rock the boat? Jeopardize your board seat?

Partners; Not willing to let youth prevail? Forgot how it felt when you were a youngster?

Family Members; Scared people won’t like you? Hanging on to give yourself something to do?

Do better.

Plan to thrive.

Podcast

CFA DFW Charterholder Chatter

A podcast focused on investment professionals