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26
Feb

The Quarter Inch Hole?

We recently read a post from Jason Fried (of 37Signals) where he quotes Harvard Professor Theodore Levitt.  “People don’t want to buy a quarter-inch drill they want a quarter-inch hole”.

How often do Advisors talk about the drill, whether it’s performance, the zephyr analysis or the “rank in peer group”? Sure there is a portion of the investing public that cares about the drill. They need to know how many RPM’s it has and how much torque it can produce.  But what do most participants really want to know about in the end?  Will they have the hole they desire?  Will they have an outcome they can track and understand.

In our estimation we have access to more funds, ETF, stocks, bonds, mutual funds, REITS, LP’s, UIT’s, BDC’s (and I can go on and on) now that at any other time in  the 18 years we’ve shared in this industry.  We pit one against the other in the hopes of winning the “Portfolio Envy” game.

The question we are facing recently is “What kind of hole can we deliver”? Can we scale it and can we track it?  Can we make a profit? Who will benefit and how can we demonstrate that success. Can we attract, motivate and retain the “Next Generation” of local advisors to execute the plan. Can we survive the onslaught of regulation and media noise?

Hilti Products from Germany are the finest made and most expensive construction grade drills in the world. They have been marketed to deliver the most holes at the best price while maintaining their placeholder  as  “most expensive”.  Perhaps we can too?

Let’s continue our conversation about the hole and let the drill talk cool down a little. Click Below For More!

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21
Feb

Virtual Assistants | How they can grow your practice! [PODCAST]

Join me as I chat with Michael A. Frederick, President of Virtual Retirement Solutions as we discuss how implementing virtual assistants can improve your retirement plan practice.

See on www.blogtalkradio.com

21
Feb

Attention Advisors! Maryland Legislature Considers Auto-IRA Program

Following in the footsteps of California, the Maryland legislature is considering legislation that would require nearly all private businesses in the

See on www.napa-net.org

20
Feb

Saving for tomorrow, tomorrow

It’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?

See on www.ted.com

20
Feb

Wealth Watch Newsletter

See on bj117.infusionsoft.com

20
Feb

Should Women Use Female Financial Advisors? – U.S. News & World Report

Should Women Use Female Financial Advisors?
U.S. News & World Report
The question and very idea, at first glance, sounds like reverse sexism.

See on money.usnews.com

20
Feb

▶ SEI to integrate Redtail, MoneyGuidePro, and ActiFi, Wealthbox CRM launches, and more – YouTube

Visit http://fppad.com/120 for the links to this week’s top financial advisor technology stories. On today’s broadcast, find out who earned the most buzz at …

See on www.youtube.com

20
Feb

LinkedIn Wants to Be Your Soapbox, Not Just Your Résumé

The business-oriented service introduced a new tool to encourage its 277 million users to share their professional insights in essays posted to their profiles.

See on bits.blogs.nytimes.com

20
Feb

The Thing About Investment Committees | The Rosenbaum Law Firm P.C. Blog

See on therosenbaumlawfirm.com

20
Feb

Divorce Planning for Women with Russ Thornton | [PODCAST]

 | [PODCASJoin me as I chat with fellow Financial Advisor Russ Thornton as we discus what real life events have shaped the way his practice works. Russ is from the Greater Atlanta area but practices in a number of States. He writes frequently on finanical topics for women.

See on www.blogtalkradio.com