If you're going to be successful in business five to 10 years from now, you have to be a learned and expert MFD/IFA/Financial advisor/Insurance advisor, not just an MFD/IFA/Financial Advisor/Insurance advisor.
There are three important aspects where they can improve and become specialist MFD/IFA/Financial advisors/Insurance advisors.
Team
Inspire and empower your team as you can not do all work, so delegate the power and empower the team.
Technology
Their good work has been done by all stakeholders like AMCs, KRA agencies, software companies, and MFD can adopt them to transact and process their business in an easy way.
Branding
The most important aspect is to know their worth for MFD/IFA/Financial advisors/Insurance advisors and work on branding to improve their worth.
It may be the other points you want to add you are most welcome to add.