The Internet has changed the way many professional services firms market themselves and service clients. The financial services industry has been slow to adopt cutting-edge technologies and contemporary marketing techniques. Our guest for this episode of New Rules of Investing Radio is Michael Kitces, a renowned speaker, consultant and writer about the entire financial planning [...]
By Zack Miller
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Posted in Stock market
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Also tagged business development, financial advisor, financial advisors, industry news, interview, investing, kitces, marketing, podcast, practice management, radio, social networking
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We’re still jaded with stories of self-made dotcom millionaires making money out of thin air. Building a financial services practice takes sweat, energy and time. Nancy Butler’s back was against a wall. She was 31, in the midst of a divorce, with 2 kids when she embarked on building her financial planning businesses. 20 years [...]
February 9, 2011 – 8:39 am
Michael Mauboussin, CIO at Legg Mason, is a thought leader and author of books like Think Twice: Harnessing the Power of Counterintuition and More than You Know: Finding Financial Wisdom in Unconventional Places.
Maubossin shared his views on the financial/investment advisor’s practice management at the IMCA’s Consultant Conference on Tuesday. He took the approach of focusing [...]
This post originally appeared on Tradestreaming.com, the site for my new book and where I will be posting primarily about consumer financial. New Rules will begin to take more of a financial industry bent to it.
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So, top-dog personal finance website, Mint.com, just announced a further step into financial planning with some goals-based tools [...]
By New Rules of Investing
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Posted in Uncategorized
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Also tagged broker, industry news, investing, investment site, mint, mint.com, new products, new rules, personal finance, savings, social media, tradestream, tradestreaming
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Hat tip to Clusterstock this morning which posted about a Bloomberg article, “Cash best as Record Correlation Hits Herd Collapse“. Essentially, the article captures the saying on trading desks “that when it all hits the fan, all correlations go to 1″. In other words, when markets crash, they crash in unison.
The Bloomberg article explores a [...]
Very interesting article yesterday at the Wall Street Journal. Entitled, “Stock-Research Reform to Die“, the article describes what’s happened in the wake of Eliot Spitzer’s landmark settlement against Wall Street brokers in 2003. According to the WSJ, this settlement was part of a wider Wall Street wrist-slap against ingrained culture that issued “overly optimistic stock [...]
Full(er) Service and DIY Investing: Investor Fork in the Road There is no doubt we are witnessing a wholesale exodus of assets out of full-service brokers like Merrill Lynch and Smith Barney. These assets seem to be finding two very different types of homes: boutique investment advisory houses: Built by brokers/advisors who themselves have defected [...]
I’m not particularly a fan of these Mainstream Media (MSM) overviews of Internet tools. I find, more often than not, that they’re typically short on analysis and don’t help investors really navigate what’s really out there, why these tools are important, and how investors are successfully using them.
This short video piece (2:45) ran late last [...]
Investors reflect
We’re all trying to figure this out. Individual investors are thinking hard about the entire investment process and the future of their holdings. Tough questions like expected future returns. Like can I meet my retirement goals? Like the value advisors are providing.
Financial advisors are also doing some soul searching
Advisors are doing the same type [...]
Today’s guest post comes from Bill Winterberg, CFP®, an operations and efficiency specialist to independent financial advisers. I thought Bill’s perspective important as we continue to explore how financial advisors can use web 2.0 technologies to build their businesses. Check out more of Bill’s good stuff at www.fppad.com and on Twitter at @BillWinderberg
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I’m going [...]
