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Beverly Flaxington is a practice management consultant. She answers questions from advisors facing human resource issues. To submit yours, email us here.
Dear Bev,
We are well behind our sales goals for this year. Candidly, I think our goals were outrageous and demanded we reach way higher than was possible. However, our leadership is angry and frustrated about where we are.
Our senior leader is now in “we must meet” mode to review all that is happening and talk about next steps. He’s a big fan of AI, so Claude is basically gathering all of our data and spitting it out to let us know where we are failing. I don’t mind examining what’s working and what’s not, but we’re being pulled into these meetings to review the data.
There is no agenda. The data provided doesn’t necessarily allow us to connect the dots. If we say we have a previous commitment (a prospect or client meeting, for example), there is a list created of who is missing the meetings, as if we don’t take it seriously when we are not there.
I don’t mind attending a meeting that has value. But this seems like a valiant attempt to get us to be responsive to something without actually ensuring it makes sense to begin with.
B.N.
Dear B.N.,
I’ve spent my entire career in sales. You are making me think of a number of sales leaders I have worked with who believed if you talk about it enough — and force people to focus on it — then the sales will come. What’s that movie that offers advice to “build it, and they will come”? I think it worked in the movie, but it doesn’t work in sales.
You don’t say what is the content of these meetings, other than that you are missing agendas. Let me share a few best practices for meeting management and for increasing sales within your team:
Meetings:
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Never hold a meeting or agree to attend a meeting without an agenda. You can say, in this case, it is your leaders who are forcing you to show up without providing background about the timing and the content. Let them know it is less productive for everyone when you don’t know what will be covered. You don’t have to be difficult, simply frame it positively. Let them know they’d get a lot more information and reaction from attendees if there was prep in advance about what’s going to be covered and what’s expected of everyone.
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Ask for a time check before the meeting starts. It’s perfectly fine to say you have other commitments. While you want to be a good participant, you also need to manage your schedule, so input about timing matters.
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Inquire, without being accusatory, about the purpose of the “list.” Will this be used in performance appraisals? Is there a correlation between those who attend and new client opportunities? Is there an objective to calendar meetings differently so more people can attend? Try and approach with curiosity, rather than being confrontational.
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If no one else takes notes, offer to do so. Be the one keeping things on track and providing a follow-up. Perhaps if you model good meeting behavior, your leaders will learn too!
Increasing Sales (This one is trickier because you are not in a leadership role, but you are able to provide insight and ideas.):
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Have an obstacles discussion. What’s getting in the way of meeting the objectives that were set? Have an objective conversation about this and then categorize what can be controlled, what can be influenced, and what’s out of your collective control. You could do this without your leaders and then bring the findings to them, if you think there will be sensitivity around the discussion.
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Examine whether it is skill or will. Do the advisors want to grow? Are they incentivized to grow? The answers to those question determine will. Do they know what they need to do to uncover client introductions or increase referrals from centers of influence? That’s a matter of skill. Explore what you all need for support.
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Be proactive in goal-setting. If the goals were unreasonable this year, get a head of it for next year. Don’t let your leadership put something in place without your input. You know it’s coming, so provide a point of view before it does.
Dear Bev,
One of my advisors — who makes far too much money for what he does— just bought himself a Maserati. He can’t stop talking about it and taking team members out for rides as much as possible. Now he is inviting the clients of other advisors with the firm to take a spin when they are in the office for meetings.
To me, this is tacky and also sends a message clients are overpaying us! How would you approach him about this?
V.C.
Dear V.C.,
I probably wouldn’t! Unless the clients he was inviting were my own. Then I would strongly ask him to focus on other people to take rides in his car. If there is one thing I’ve learned after decades in this business, it’s that advisors of all shapes, sizes, and styles can do very well with a certain set of clients. He might be finding his clients embrace his new car and love him for it, so he is excited about it and wants to share with others.
He wouldn’t know your clients — and you — have an aversion to this display of wealth. You have to let him know. If he says you are over-reacting, you can tell your clients to feel free to say no if they are uncomfortable. They might enjoy it — you never know!
Beverly Flaxington co-founded The Collaborative, a consulting firm devoted to business building for the financial services industry, in 1995. The firm also founded and manages the Advisors Sales Academy. The firm has won the Wealthbriefing WealthTech award for Best Training Solution for 2022, 2023, 2024 and 2025. Beverly is currently an adjunct professor at Suffolk University teaching undergraduate and graduate students Entrepreneurship and Leading Teams. She is a Certified Professional Behavioral Analyst (CPBA) and Certified Professional Values Analyst (CPVA).
She has spent over 25 years in the investment industry and has been featured in Selling Power Magazine and quoted in hundreds of media outlets, including The Wall Street Journal, MSNBC.com, Investment News and Solutions Magazine for the FPA. She speaks frequently at investment industry conferences and is a speaker for the CFA Institute.
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