The outcome of the next U.S. presidential election is (apparently) anyone’s guess. Can the same be said for its impact on the stock market?
It was the best of times (helping clients), it was the worst of times (doing administrative work). It’s those bad days – those “time suck” days, doing the stuff that has to be done – when you think to yourself: There has to be a better way. And there actually is.
Growing an advisory business is no small task. And any time you spend NOT doing that, is time that you may not be investing in the wisest way possible.
You’ve seen those commercials: “Have you been injured in an accident?” Now imagine the ones that could come out after the DOL Rule goes into effect: “Have you been ‘injured’ by an advisor unable to justify their fiduciary role?” The advisory businesses that are prepared to defend their processes may never actually have to (defend them, that is).
Millennials are notorious for jumping from job to job. Keep your best millennial employees – who could be the future of your business – by giving them compelling reasons to stay. (And this might surprise you, but I’m not talking about perks.)
Grandfathering clauses allow exemptions from the provisions of a new rule/law. And while such a clause was good news for 18-20 year olds in Washington, D.C. when the drinking age got raised to 21, it’s hardly celebratory for advisors dealing with the DOL Rule. (Although it may drive you to drink – because you’re just putting off an inevitable BIC exemption.)
It’s September – the most wonderful time of the year, according to some parents of school-age children. But “back to school” is also a great time for advisors. You can educate yourself or your clients (or both) – which can ultimately strengthen your relationships with clients.
My manager/fund isn’t performing well… or is it? Many of us have a process we use to determine if a fund or manager is good – but the truth is, many times, that process is flawed. Let’s look at some of the common pitfalls in evaluating investment performance.
To be truly engaged at work you should be present in all things physical, emotional and cognitive. It sounds a little tiring, honestly. In her guest post, Julie Littlechild of Absolute Engagement, acknowledges that it’s difficult to get there, but she also assures that it’s equally as rewarding. This is the 5-step process that can lead to better performance.
You’ve seen them – provocatively titled articles about some new investment strategy or the impending implosion of the financial markets. Your clients are seeing them, too. And if they are forwarding them to you, and you are responding to them, you’ve got a problem.