“The NRA’s Washington leadership has long been out of step with its members, and never has that been so apparent as this morning. Their press conference was a shameful evasion of the crisis facing our country. Instead of offering solutions to a problem they have helped create, they offered a…
The success of “South Park” is a stark lesson in the fundamentals of entertainment: if you tell stories that people want to hear, the audience will find you. This is true no matter how fundamentally the paradigms shift, or how many platforms evolve. “We’ve been doing it long enough to figure out that content will ride on top of whatever wave comes along,” Mr. Stone said.
Money scripts, a term coined by financial psychologists Brad Klontz and Ted Klontz (Kahler and Fox 2005), are core beliefs about money that drive financial behaviors. Money scripts are typically unconscious, developed in childhood, passed down from generation to generation within families and cultures, contextually bound, and often only partial truths (Klontz and Klontz 2009). When money scripts are developed in response to an emotionally charged, dramatic, or traumatic personal, family, or cultural financial flashpoint, such as significant losses during the Great Depression, parental abandonment, or financial bailouts by a family member
Young mobile readers don’t want apps and mobile browsers that look like the future. They want apps that look like the past: 58% of those under 50, and 60% of Millennials, prefer a “print-like experience” over tech features like audio, video, and complex graphics. That preference toward plain text “tends to hold up across age, gender and other groups.” Pew reports: “Those under 40 prefer the print-like experience to the same degree as those 40 and over.
There are five questions to pose to someone you’re trying to be a mentor to: What is it that you really want to be and do? What are you doing really well that is helping you get there? What are you not doing well that is preventing you from getting there? What will you do differently tomorrow to meet those challenges? How can I help, and where do you need the most help?
While some advisors have the expertise, resources and time necessary to effectively manage hundreds of client portfolios on a discretionary basis, most do not want to be portfolio managers. Instead, many advisors are transitioning toward fee-based financial planning, providing a variety of financial services rather than just portfolio management.
Practice management solutions can be delivered in a number of ways. In the “Pursuing Practice Excellence” survey, we asked advisors to tell us which of 15 methods were most valuable to them. Nearly half of advisors said that one-on-one coaching was either valuable or very valuable. Conferences were the second highest ranked, followed by advisor CRM systems, on-site workshops and individual phone consultations.