After this issue of Financial Advisor magazine, you will banish the term “junior advisor” from your personal dictionary, and you will realize, per Mitch Anthony, that retirement is not an all-or-nothing proposition. Evan Simonoff, in the cover article, tries to talk about everything, but I think his point is that interest rates are too low and causing disruptions in the investment markets and the broader economy. And Joel Bruckenstein thinks that the consolidation in our technology sector is just beginning.
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Inside Information readers have recently learned that it’s possible to influence financial planning educational programs at local colleges, and perhaps even convince the college to start one. But for many advisors, the cover article in this month’s issue of Financial Planning magazine will come as a revelation. The curriculum coordinators listen to advisors when they formulate the course requirements and what to include. Do you think there should be a psychology degree included before they graduate? Or a foundation course? Visit the campus, meet the students and make known your request.
Meanwhile, Kelli Cruz of Cruz Consulting helps you think through an important question: should you hire somebody from the outside (or elevate somebody inside) to serve as a full-time manager of your firm? Michael Kitces talks about a way that you can really screw up client portfolios you were hoping to protect, and offers a solution. And Allan Roth says that good investing is inevitably painful, because your brain is constantly sending you signals that warn you away from solid contrarian investing. It’s a good read. [Read more »]