Category: Wealth Management
Market timing has become fairly well known among academics, advisors and investors to be a risky strategy when dealing with serious money designated to fund future lifestyles. I’m not going to go into the plethora of pitfalls of market timing in this article, as there is an abundance of evidence freely available to argue against it.Continue Reading →
Discipline in financial management is a defining characteristic of a successful independent advisory business. Because it is easy to ignore in the face of the many demands on the financial advisor/owner, it is also absent in most firms and one of the contributing factors to the
large number of small practices that dominate the industry. The stakes are high when it comes to a firm’s success in careful management of its finances; practices that generate a comfortable profit margin can sustain reinvestment in support of growth ...
The financial landscape of just a few years ago is completely different today. The old rules of thumb no longer apply and these new realties require fresh thinking and innovative methods to properly evaluate potential risk and reward, and structure portfolios accordingly.Continue Reading →
As advisors, we must now work extremely hard to re-earn the trust of our clients. We have to prove that the rest of the industry is not a bunch of Ponzi-scheming thieves. It starts with developing a realistic approach toward how we can help clients resolve their financial problems.
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