Whether a firm leverages senior advisors for identification of business development opportunities, opportunity due diligence, or asset management, there are tangible actions it can take to forge stronger senior advisor relationships and better outcomes. We recognise the following best practices.
At the beginning of a relationship, we ensure alignment with the company’s structure for working with senior advisors, delineating the scope of a senior advisor’s involvement and setting goals and deliverables. As the relationship matures, we expect to intermittently clarify roles and expectations to prevent ambiguity, which could cause misalignment and conflict.
Pairing a senior advisor to the specific needs of a company ensures targeted insights and value. 7Degrees believes that an active working relationship between senior advisors who fill identified gaps will make for the most productive relationships.
To encourage effective dialogue and build trust, 7Degrees establishes channels for regular communication with a client, which also facilitates quick a “activation request” for senior advisors, as it quickly loops them into the organizational flow.
7Degrees works to effectively measure senior advisor performance as it is essential to evaluating our company performance and making informed decisions.
