• Alternative Investments

Create Value and Avoid Pitfalls with Collaboration

By Carson Coyle
Director, Advisor Relations
PPB Capital Partners

 

There’s some debate about the origin of the famous idiom “Two heads are better than one.” Some argue its use debuted in Book 10 of “The Iliad,” written by Homer in the late 7^th century BC, while biblical scholars point out its appearance in Ecclesiastes 4:9.

Regardless of your lean towards Greek philosophy or the Old Testament, there is no debate that the message—when more than one person works together, they can produce more and/or better results—has stood the test of time. As society has evolved, so too has this concept. It’s produced terms such as cooperation, teamwork, partnership, union, alliance, network… just to name a few.

Private wealth advisors must keep tabs on many activities at their firm. To do it is the ultimate test in multi-tasking. It’s easy to fall into the trap of an “I can handle it myself” mentality. However, trying to do too much alone can potentially have pitfalls.

This is where collaborating with PPB Capital Partners comes in.

Collaboration is the most important component of the relationship we have with our private wealth advisory partners. From day one of the relationship, we work in complete alignment with our advisor partners to map out the most appropriate solution. Being in complete alignment with advisors is the foundation of this partnership.

And that’s exactly what it is … a partnership. But truth be told, any of the synonyms mentioned above—team, alliance, collaboration, cooperation, etc.—are applicable. Collaboration between the advisor and PPB forges a valuable relationship, above and beyond assets and dividends.

To peel another layer of the collaboration onion, consider the different ways to measure the value of two (or more) heads being better than one:

Value in Networking
When working with colleagues, clients, counterparts or associates, you have a better chance to create a larger personal network. In turn, those enhanced relationships can create more opportunities for greater value for your business.

Imparting New Ideas
A brainstorm session with a room of eclectic thinkers is a breeding ground for new ideas to be shared, learned and tested. Will one of those ideas become your next great product offering, or lead to a better client experience? It can’t hurt to give it a shot.

Solutions Focused
Your clients expect solutions. By concentrating on solving a problem, you can keep any negative thoughts related to the problem itself from creeping into your mind. A straightforward solution that produces results is an added value that can fuel a client-advisor relationship into the future.

Discovering New Paths
Collaborating to solve a problem is an opportunity to be educated. The lessons to be learned and the benefits to your business can be boundless.

Aside from tangible results of the assigned project or achieving the goal that was originally set, the byproducts of a collaborative relationship are immeasurable. The most worthwhile—and possibly unintended—result is the value it creates.

 

Carson Coyle joined PPB Capital Partners in 2020 and has nearly a decade of experience in fund operations and administration. He is an expert at streamlining the client experience and creating efficiencies throughout the fund creation process. He focuses on supporting the needs of the private wealth community in the mid-Atlantic states of Delaware, New Jersey, Maryland and Pennsylvania as well as Northern Virginia . He can be reached at cec@ppbadvisors.com.

 

 

 

Important Disclosures
The views and opinions expressed in this document should not be construed as recommendations, an offer to sell, or a solicitation of an offer to acquire any security, investment product, or service. Any offering of securities will only be made pursuant to a private placement memorandum or similar document prepared by the Fund and subscription documents, all of which must be read in their entirety. This document to be used by investment professionals only.

PPB Capital Partners, LLC has prepared this material utilizing information from the underlying investments, general market knowledge, and additional third parties, including projected performance, and took reasonable care to ensure the accuracy of the information. Neither PPB Capital Partners, LLC, its affiliates, or the Fund warrants its completeness, accuracy or adequacy, and it should not be relied upon as such. This information provided in this document is only a summary as of the date referenced and may or may not be updated to reflect subsequent events. The statements included in this material may constitute “forward-looking statements” and are subject to a number of significant risks and uncertainties. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “will”, “should”, “seeks”, “approximately”, “intends”, “plans”, “estimates”, or “anticipates”, or the negative thereof or other variations thereof or other variations thereon or comparable terminology. Due to these various risks and uncertainties, actual events or results of the actual performance of an investment may differ materially from those reflected or contemplated in such forward-looking statements and no assurances can be given with respect thereto.

Some information in this document is obtained from various sources that PPB Capital Partners, LLC believes to be reliable, but it makes no representation or warranty with respect to the accuracy or completeness of such information. PPB Capital Partners, LLC’s respective officers, owners, or employees do not accept any liability whatsoever for any direct or consequential loss arising from any use of this presented content. This presented information is produced solely for the recipient and may not be transmitted, reproduced or made available to any other person. PPB Advisors, LLC, an affiliate of PPB Capital Partners, LLC is registered with the United States Securities and Exchange Commission (“SEC”) pursuant to Section 203(c)(2)(A) of the Investment Advisors Act of 1940.

Certain securities offered through Registered Representatives with Vigilant Distributors LLC (Member FINRA/ SIPC), which is not affiliated with PPB Capital Partners or its affiliates.