Added on March 2016 in Other Ideas
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Summary: Have you ever looked at your to do list and just laughed? You think, “Oh right, that’s not happening,” and then moments later, you realize that none of the tasks on your list are really an option. Perhaps that’s the point that your nervous laughter turns to tears
Added on March 2016 in Other Ideas
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Summary: The Securities and Exchange Commission delivering on a uniform fiduciary rule for brokers and advisors is likely an “unattainable” goal, as the two divisions charged with writing the rule have “different interests” regarding the rule’s outcome and the agency’s commissioners disagree on whether such a rule is necessary, Bob Plaze, a former SEC executive, said Thursday.
Added on March 2016 in Other Ideas
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Summary: Which advisors will find themselves best positioned after the fiduciary rule is formally announced? Those who have taken steps already and do so immediately in preparation. Here's what my firm would recommend as a next step before the rule goes in effect. Because I have had this conversation so many times, I created the acronym BASE to keep me on track.
Added on March 2016 in Other Ideas
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Summary: The top reason financial advisers seek a business coach is for growth, and accomplishing this can require personal or practice changes, experts said. Among the skills coaches can help advisers develop are their abilities to network, work better with other professionals, use social media to reach new contacts, and brand or otherwise differentiate their services.
Added on March 2016 in Other Ideas
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Summary: According to Fidelity’s survey, over half of investment advisors are bracing for an onslaught of paperwork and compliance tasks as a result of the change. Three out of four believe the rule—which would require advisors of retirement accounts to act under a fiduciary standard—will increase the cost of servicing clients
