Study groups are a great way to not only share strategies and solutions, but to benchmark your performance and that of your firm against others in the industry.

Our sister publication Financial Planning recently published a story on the secrets of study groups for RIAs, highlighting a few study groups that have provided their members with support for and advice on ongoing issues. Members love them and jealously guard their participation – restricting membership to “invitation only.”

“If you run a company, you can’t really talk to others in the company about the problems of running a company, because you’re the only one with that problem,” Steve Lockshin, chairman of Los Angeles and Potomac, Md.-based Convergent Wealth Advisors, told Financial Planning. “That’s why study groups are so valuable.”

Study groups are a fantastic tool used by professionals in all industries. But what about advisors at wirehouses and large regional broker dealers? Have you started a study group or do you think one would bring benefits to you and your peers? Tell us what you think – comment below, tweet us at @OnWallStreet, and/or discuss via our LinkedIn group.

Read More: Secrets of 3 Exclusive Study Groups for Advisors

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