This is an extremely thin issue of Investment Advisor magazine (just ten advertisements), and the cover article is not worth your time. But you can, I think, learn from the Pursuit of Happiness article, which distinguishes between two very different forms of happiness in the human condition, and talks about the intersection of money and happiness in interesting ways.
There’s a good column by a new voice: Morningstar head of behavioral science Stephen Wendel, and you shouldn’t miss Mark Tibergien and Angie Herbers as they bust two different forms of conventional wisdom. And Dan Skiles and Tom Giachetti choose interesting topics to address in the technology and compliance arena, respectively: e-signature technology, and what, exactly, is a prohibited client testimonial.
[Read more »]
Truth to tell, if it weren’t for Joel Bruckenstein’s review of custodial technology initiatives, and Deena Katz helping you get tough about your time commitments, there might not be much reason to open this issue of Financial Advisor. This particular publication engages in a lot of filler, but this issue kind of takes it to the extreme. [Read more »]
Unfortunately, Jamie Green doesn’t come out and say this, but it does look like SRI investing, and particularly impact investing, has turned an important corner in its journey to become mainstream—particularly for idealist Millennial investors.
Also in this first-of-the-year issue of Investment Advisor magazine, Mark Tibergien tells us how to attract new talent to your firm. Melanie Waddell tells you who to watch out for in Congress; the industry has apparently purchased several Congressional representatives who are now vowing to fight the idea that people who call themselves advisors should work for the best interests of their clients. Angie Herbers advises you to include the wife in your planning meetings and be sure that she’s engaged in the conversation.
Jon Henschen foresees a lot of turnover in the broker-dealer world, and this was written before a big part of Nick Schorsch’s empire filed for bankruptcy. Dan Skiles recommends that you raise your adoption rate of existing software before considering whether you should make a change. Tom Giachetti says the SEC is looking at how engaged your CCO is in compliance and regulatory affairs at your firm, Marlene Satter talks about a cybersecurity report by ExternalIT, and Cam Marsden, who researches intergenerational differences, offers some tips on how best to relate to Millennial clients.
[Read more »]
I looked back over the ratings for this first-of-the-year issue of Financial Planning to see if I was in an unusually good mood when I assigned the relevance ratings—because I don’t think I’ve ever graded more than half of a magazine issue with “high” ratings before. But I think I correctly identified a stinker of a column by John Bowen, and a few articles that look good but mostly told us what we already know.
Among the highly-relevant, I really enjoyed Kelli Cruz’s column on how to track—and more importantly encourage—performance among your staff, and put them on a constant growth trajectory. David Grant did something I’ve advocated for years: he hired a financial planner, and learned what it was like to sit on the other side of the desk. This is valuable insight in addition to getting someone else to pay attention to the financial issues that he was probably neglecting as he worked to meet the needs of his clients. Martin Shenkman updates us on what a modern trust looks like—and the new administrative roles involved, and the annual list of the largest planning firms in the U.S. marketplace is always interesting. [Read more »]