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If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before they tell us what we could or should do with our own money.
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Mokokoma Mokhonoana
“
An unrenewed mind is a mind that lacks the knowledge of God’s Word. A lack of knowledge about the Word keeps us from maturing spiritually.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
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I take my investment advice from my dentist, because he’s just as likely to lose me money as a financial advisor.
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Jarod Kintz (This Book Title is Invisible)
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But most important, it made me look as if I ate hidden heirlooms—and financial advisors—for breakfast.
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Anne Fortier (Juliet)
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Everything we will ever need for life and eternity has already been placed within our spirits.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
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Faith is a practical expression of the confidence we have in God and His Word, while trust is a practical expression of our commitment to God and His Word.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
God desires that we position ourselves to hear His voice so we can receive the Word that will change our lives forever.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
by the way, you’ll never hear them referred to as “brokers.” They are called registered representatives, financial advisors, wealth advisors, vice president of this, that, or the other thing.
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Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
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A sure indication of a lack of trust is frustration. In other words, whenever a situation robs us of our peace, we are not trusting God.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
By making the Word our final authority and making a quality decision to place our faith in God at all costs, we experience His best in every situation.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
When you look into the mirror of the Word, you will see your true identity. It reveals your spiritual reality and shows you who you are at the core—within your spirit—so that you can make any necessary adjustments.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
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The longer you work, the more money you’ll have for retirement. But the longer you work, the less time you’ll have to enjoy that retirement. — Wall Street Journal
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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There is a correlation between how much we care about what others think of us and how much time, energy, and money we waste in a month.
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Mokokoma Mokhonoana
“
There was the President's Chief Financial Advisor, who was standing in the middle of the room trying to balance the budget on top of his head, but it kept falling off.
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Roald Dahl (Charlie and the Great Glass Elevator (Charlie Bucket, #2))
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Here are a few key guidelines to consider: Spend less than you earn—invest the surplus—avoid debt. Do simply this and you’ll wind up rich. Not just in money. Carrying debt is as appealing as being covered with leeches and has much the same effect. Take out your sharpest knife and start scraping the little bloodsuckers off. If your lifestyle matches—or god forbid exceeds—your income, you are no more than a gilded slave. Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money. Avoid investment advisors. Too many have only their own interests at heart. By the time you know enough to pick a good one, you know enough to handle your finances yourself. It’s your money and no one will care for it better than you. You own the things you own and they in turn own you. Money can buy many things, but nothing more valuable than your freedom. Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.
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J.L. Collins (The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life)
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It's Esmé Squalor!" an Elder cried. "She used to be the city's sixth most successful financial advisor, but now she works with Count Olaf!"
"I heard the two of them are dating!" Mrs. Morrow said in horror.
"We are dating!" Esmé cried in triumph. She climbed aboard Olaf's motorcycle and tossed her helmet to the ground, showing that she cared no more about motorcycle safety than she did about the welfare of crows.
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Lemony Snicket (The Vile Village (A Series of Unfortunate Events, #7))
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What is to be learned from this case scenario? Choose a financial advisor who is endorsed by an enlightened accountant and/or his clients with investment portfolios that in the long run outpace the market. If you don’t have an accountant, hire one. Another
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Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of America's Wealthy)
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Don't get so busy on your career that you forget to have a life. You CAN do both. You can make lots of money, become a millionaire AND enjoy time with family, friends AND be a great role-model as a parent. - Neil B Wood - The Best Practices of Successful Financial Advisors
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Neil Wood (The Best Practices Of Successful Financial Advisors: Have More Fun, Make More Money, and Find More Time)
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The Saudis considered the petroleum under their soil a gift from God, but accessing its value laid within man’s capacity. Until the Saudis developed the capabilities themselves, they would simply import the human capital they needed to make that petroleum valuable. This meant importing
Aramco to run the oil industry, IBI and, later, other companies to build modern cities and transportation, and even American financial advisors to create a modern banking system. The trick was to buy what they did not
have from the outside, and then to make it their own.
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Ellen R. Wald (Saudi, Inc.)
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The central control center of the soul is the mind. Therefore, the mind is the battlefield and will determine whether or not we have victory or defeat in our Christian lives. This is why the Bible instructs us to renew our minds with God’s Word. The Word keeps us in God’s perfect will for our lives.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
Some things are good for our image but bad for our pockets.
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Mokokoma Mokhonoana
“
The mismanagement of money makes many overpaid people seem underpaid.
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Mokokoma Mokhonoana
“
The Chief of the Army was there, together with four other generals. There was the Chief of the Navy and the Chief of the Air Force and a sword swallower from Afghanistan, who was the President’s best friend. There was the President’s Chief Financial Advisor, who was standing in the middle of the room trying to balance the budget on top of his head, but it kept falling off.
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Roald Dahl (Charlie and the Great Glass Elevator (Charlie Bucket, #2))
“
Why aren’t you as wealthy as you should be? It may be because of the way you operate your household. Would a business, especially a very productive one, ever hire a key employee without doing a serious background check and an in-depth interview? No! Yet most people, even those with high incomes, hire financial advisors after obtaining little or no background information about these “employment candidates.” Some
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Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of America's Wealthy)
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Because I have developed my trust in God, I am no longer disturbed by irritating circumstances. Whenever they arise, I simply look to Him and say, “Lord, I trust you, and I know that everything will be just fine.
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Creflo A. Dollar (The Holy Spirit, Your Financial Advisor: God's Plan for Debt-Free Money Management)
“
Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he didn’t write any check—he invoked uncertainty as an excuse. Heads he wins, tails he shouts “Black Swan.” Nor did Rubin acknowledge that he transferred risk to taxpayers: Spanish grammar specialists, assistant schoolteachers, supervisors in tin can factories, vegetarian nutrition advisors, and clerks for assistant district attorneys were “stopping him out,” that is, taking his risks and paying for his losses. But the worst casualty has been free markets, as the public, already prone to hating financiers, started conflating free markets and higher order forms of corruption and cronyism, when in fact it is the exact opposite: it is government, not markets, that makes these things possible by the mechanisms of bailouts. It is not just bailouts: government interference in general tends to remove skin in the game.
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Nassim Nicholas Taleb (Skin in the Game: Hidden Asymmetries in Daily Life (Incerto, #5))
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One can even imagine that inflation tends to improve the relative position of the wealthiest individuals compared to the least wealthy, in that it enhances the importance of financial managers and intermediaries. A person with 10 or 50 million euros cannot afford the money managers that Harvard has but can nevertheless pay financial advisors and stockbrokers to mitigate the effects of inflation. By contrast, a person with only 10 or 50 thousand euros to invest will not be offered the same choices by her broker (if she has one): contacts with financial advisors are briefer, and many people in this category keep most of their savings in checking accounts that pay little or nothing and/or savings accounts that pay little more than the rate of inflation.
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Thomas Piketty (Capital in the Twenty-First Century)
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How long have you been a financial advisor? At least ten years is what you want to hear. Experience is an important factor. You want to know that the person giving you advice has been through good and bad economic times. What certificates, licenses, or accreditations do you have? Your advisor has got to be licensed to give you advice. Nobody, and I mean nobody, should be giving financial advice in any way, shape, or form if they have not taken the time to get the necessary credentials to give you that advice. At the very least, you want your advisor to have one if not more of the following certifications and licenses: ~ CERTIFIED FINANCIAL PLANNER™ (CFP®) ~ Chartered Financial Consultant (ChFC) ~ Personal Financial Specialist (PFS) ~ NAPFA-Registered Financial Advisor ~ Financial Planning Association (FPA) ~ A Series 7 license ~ A Series 6 license ~ Registered Investment Advisors License
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Suze Orman (Women & Money: Owning the Power to Control Your Destiny)
“
It is not patriotic to admire foreign dictators. It is not patriotic to cultivate a relationship with Muammar Gaddafi; or to say that Bashar al-Assad and Vladimir Putin are superior leaders. It is not patriotic to call upon foreign leaders to intervene in American presidential elections. It is not patriotic to cite Russian propaganda at rallies. It is not patriotic to share an adviser with Russian oligarchs. It is not patriotic to appoint advisers with financial interests in Russian companies. It is not patriotic to appoint a National Security Advisor who likes to be called “General Misha,” nor to pardon him for his crimes. It is not patriotic when that pardoned official calls for martial law. It is not patriotic to refer to American soldiers as “losers” and “suckers.” It is not patriotic to take health care from families, nor to golf your way through a national epidemic in which half a million Americans die. It is not patriotic to try to sabotage an American election, nor to claim victory after defeat. It is not patriotic to try to end democracy.
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Timothy Snyder (On Tyranny: Twenty Lessons from the Twentieth Century)
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Smart Sexy Money is About Your Money
As an accomplished entrepreneur with a history that spans more than fourteen years, Annette Wise is constantly looking for ways to give back to her community. Using enterprising efforts, she qualified for $125,000 in startup funding to develop a specialized residential facility that allows developmentally disabled adults to live in the community after almost a lifetime of living in a state institution.
In doing so, she has provided steady employment in her community for the last thirteen years. After dedicating years to her residential facility, Annette began to see clearly the difficulty business owners face in planning for retirement successfully.
Searching high and low to find answers, she took control of financial uncertainty and in less than 2 years, she became a Full Life Agent, licensed Registered Representative, Investment Advisor Representative and Limited Principal.
Her focus is on building an extensive list of clients that depend on her for smart retirement guidance, thorough college planning, detailed business continuation, and business exit strategies.
Clients have come to rely on Annette for insight on tax advantaged savings and retirement options.
Annette’s primary goal is to help her clients understand more than just concepts, but to easily understand how money works, the consequences of their decisions and how they work in conjunction with their desires and goal.
Ever the curious soul who is always up for a challenge, Annette is routinely resourceful at finding sensible means to a sometimes-challenging end. She believes in infinite possibilities as well as in sharing her knowledge with others. She is the go-to source for “Smart Wealth Solutions.”
Among Annette’s proudest accomplishments are her two wonderful sons, Michael III and Matthew. As a single mom, they have been her inspiration and joy. She is forever grateful to the greatest brothers in the world- Andrew and Anthony Wise, for assistance in grooming them into amazing young men.
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Annette Wise
“
Unlike during the previous Gaza operation in 2012, the Iron Dome supply did not run out. After Operation Pillar of Defense I had instructed the army to accelerate production of Iron Dome projectiles and batteries. We accomplished this with our own funds and with generous American financial support. I now asked the Obama administration for an additional $225 million package to continue the production line after Protective Edge. He agreed, and with the help of Tony Blinken, the deputy national security advisor who later became Biden’s secretary of state, the funding provision sailed through both houses of Congress. I deeply appreciated this support and said so publicly. I was therefore very disappointed when the administration held back on the IDF’s request for additional Hellfire rockets for our attack helicopters. Without offensive weapons we could not bring the Gaza operation to a quick and decisive end. Furthermore, as the air war lingered, the administration issued increasingly critical statements against Israel, calling some of our actions “appalling”2 and thereby opening the moral floodgates against us. Hamas took note. As long as it believed that we couldn’t deliver more aggressive punches, and that international support was waning, it would continue to rocket our cities. Unfortunately, it was aided in this belief by an international tug-of-war. On one side: Israel and Egypt. On the other: Turkey and Qatar, which fully supported Hamas. I worked in close collaboration with Egypt’s new leader, el-Sisi, who had deposed the Islamist Morsi a few months earlier. Our common goal was to achieve an unconditional cease-fire. The last thing el-Sisi wanted was a Hamas success in Gaza that would embolden their Islamist allies in the Sinai and beyond. Hamas’s exiled leader, Khaled Mashal, who escaped the Mossad action in Jordan, was now in Qatar. Supported by his Qatari hosts and Erdogan and ensconced in his lavish villa in Doha, Mashal egged Hamas to keep on fighting. To my astonishment, Kerry urged me to accept Qatar and Turkey as mediators instead of the Egyptians, who were negotiating with Hamas representatives in Cairo for a possible cease-fire. Hamas drew much encouragement from this American position. El-Sisi and I agreed to keep the Americans out of the negotiating loop. In the meantime the IDF would have to further degrade Hamas’s fighting and crush their expectations of achieving anything in the cease-fire negotiations.
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Benjamin Netanyahu (Bibi: My Story)
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If rebalancing seems a little intimidating, the good news is this work can be done for you automatically by the right fiduciary advisor.
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Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
“
Case #6 Sandy and Bob Bob is a successful dentist in his community. In the 15 years since he established his own practice, he has established a reliable base of patients and has built a thriving business in a great location. A couple years ago, he brought his wife, Sandy, a business expert with an MBA, on board to help him oversee the business end of the dental practice. She had recently left her job at a financial services firm, and Bob knew that Sandy’s business acumen would be helpful in getting his administrative house in order. She brought on new employees, developed effective new processes, and enhanced the office’s marketing efforts. Within a few months, Sandy’s improvements had managed to make the dental practice a well-oiled machine. Now she could turn her attention to their real estate portfolio. Bob and Sandy owned three small apartment buildings around town, as well as one small commercial center that was home to a nail salon, a chiropractor’s office, a coffee house and a wine shop. Fortunately, Bob’s dental practice was a success and their investments earned a nice passive income for them. Unfortunately, because Bob earned on average $250,000 per year, the couple couldn’t use passive loss, which in their case came to about $100,000, from their investments to offset his high earned income. Eventually, they would be earning sheltered profits—when the mortgages on their properties were paid off and the rentals made pure profit, or if they were to sell a property. When those things eventually happened, they could use their losses to shelter those profits. But until that time, the losses were going unused. Sandy made an appointment with their CPA to discuss the situation and see how they might improve their tax situation. The CPA asked, “What about becoming a real estate professional?” He explained to Sandy that if she spent 750 hours per year, or about 15 hours a week, on the couple’s real estate investments, she would be considered a real estate professional by the IRS. This would enable the couple to write off 100 percent of their passive losses against Bob’s high income, which would bring his taxable income down to $100,000. This $100,000 deduction brought Bob and Sandy into a lower tax bracket, saving them roughly $31,000 in taxes. Sandy already devoted a large percentage of her time to overseeing their investments, and when she saw the tax advantages, her decision became clear: She would file the Section 469(c)(7) and become a real estate professional.
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Garrett Sutton (Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors (Paperback)))
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Some investment advisors have turned against dollar-cost averaging because, as even Burt Malkiel admits, it’s not the most productive strategy for investing in the stock market when it keeps going straight up—like it’s been doing in the years following the recent Great Recession.
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Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
“
Of course, not many of us have the experience or time to do this level of research. That’s where a talented fiduciary advisor who’s an expert in the area might come in handy.
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Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
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USING YOUR NEST EGG TO DELAY CLAIMING If you’re fortunate enough to have a nest egg and you want to retire, you can consider withdrawing more savings up front as a way to hold off starting your Social Security benefit. But does the strategy make sense? It well may, and there are some important things to keep in mind. Social Security benefits go up about 7 percent for each year they are not claimed between age 62 and your full retirement age. Wait longer and the reward grows even more: Benefits increase 8 percent annually for each year they are not claimed between full retirement age and 70. Are your financial resources adequate to support your lifestyle without Social Security, so you can delay claiming and lock in the income gains I just described? The issue can get complicated, and those interested may want to talk it over with a financial advisor. Among the considerations are the following: The tax bite: A portion of your Social Security benefit may be subject to income tax (though at least 15 percent is tax free for everyone). Withdrawals from (non-Roth) Individual Retirement Accounts will surely have tax implications. But some research has shown that withdrawing more up front may reduce the tax bite later. Check your situation with an expert. Family income: Is your spouse eligible for Social Security based on his or her work record? This increases your options. Just know that your total income may affect whether your Social Security benefits are subject to income tax, how much, and whether it makes sense to delay claiming. (See Chapter 13 for a discussion of income tax rules and Social Security, including provisional income.) Your investments: Consider reasonable rates of return, including your appetite for risk, in weighing the pros and cons of delaying a claim for Social Security. It’s extremely difficult to beat Social Security’s guaranteed returns. Finally, a note of caution (and common sense): If your nest egg is modest, the strategy of withdrawing savings to delay Social Security may be unwise, because it’s important to have a cushion. Be realistic when calculating how much of a cushion you need.
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Jonathan Peterson (Social Security For Dummies)
“
As financial advisor Carl Richards says, “Risk is what’s left over after you think you’ve thought of everything.
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Morgan Housel (Same as Ever: A Guide to What Never Changes)
“
Joseph Luthe is a financial advisor and insurance agent who helps his clients find the right investment plans for their circumstances.
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Joseph Luthe
“
The financial industry is full of salespeople, advisors, and gurus who are lining up to offer you advice. The problem is, most of that advice is about getting rich, not about building wealth.
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Chris Hogan (Everyday Millionaires)
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Another tenet of the Gita is nonattachment to results. As Lord Krishna, an incarnation of God, tells Arjuna: “You have the right to work, but never to the fruit of work. You should never engage in action for the sake of reward, nor should you long for inaction.” Sever work from outcome, the Gita teaches. Invest 100 percent effort into every endeavor and precisely zero percent into the results. Gandhi summed up this outlook in a single word: “desirelessness.” It is not an invitation to indolence. The karma yogi is a person of action. She is doing a lot, except worrying about results. This is not our way. We are results-oriented. Fitness trainers, business consultants, doctors, colleges, dry cleaners, recovery programs, dieticians, financial advisors. They, and many others, promise results. We might question their ability to deliver results, but rarely do we question the underlying assumption that being results-oriented is good. Gandhi was not results-oriented. He was process-oriented. He aimed not for Indian independence but for an India worthy of independence.
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Eric Weiner (The Socrates Express: In Search of Life Lessons from Dead Philosophers)
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Our society tends to hold experts in high esteem. Patients routinely surrender their care to doctors, investors listen to financial advisors, and receptive TV viewers tune in to pundits of all stripes. But what is the basis for this unquestioning faith in experts?
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Michael J. Mauboussin (More Than You Know: Finding Financial Wisdom in Unconventional Places)
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hated than Charlie. “Your dad didn’t get anything from my family. We had our own financial advisors.” Not that they’d done much good. Look at Charlie now. Understanding dawned in Jordan’s eyes. “You’re Charlotte Devereux.” “Charlie. Go get changed. We’ve got work to do.” Chapter 10 Charlie honestly didn’t know how she would’ve made it through her shift without Jordan. At best, it would’ve ended with everyone unhappy. At worst, Charlie would’ve taken Jordan’s place in prison. The younger woman didn’t say a lot, and obviously didn’t know much about bartending, but she was a hard worker and
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Janie Crouch (Eagle (Linear Tactical, #2))
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Understanding Financial Risks and Companies Mitigate them?
Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital.
Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers.
Here's how to mitigate risks in financial corporates:-
● Keeping track of Business Operations
Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses.
● Stocking up Emergency Funds
Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses.
● Taking Data-Backed Decisions
Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks.
Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations.
What are the Financial Risks Involved in Corporations?
Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks.
Financial risk management is the pinnacle of the financial world and incorporates the following risks:-
● Market Risk
Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others.
Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses.
● Credit Risk
Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest.
Credit risk arises when a borrower falters to make the payment owed to them.
● Liquidity Risk
Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run.
Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market.
● Operational Risk
Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures.
Key Takeaway
The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.
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Talentedge
“
During the production of this book, my research scoured over a hundred different coronavirus research articles. Most of these weren't included, but they had to be considered. I wrote the majority of this book over nine months ago. And it was during a time of my infection and recovery from the coronavirus. I was also working as a financial advisor. My book is an inspiration in itself. When it comes to the coronavirus or any other highly contagious virus, what you don't know can hurt you. But there are silver linings for the future and our economy.
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Pamela Russell
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Planswell - Investment alone won’t be of any help, so one must watch out to grow the money. Financial advisors like Planswell bring your hampered finances on track and help you lead a stress-free life during retirement.
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Planswell
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Financial advisor and author Nick Murray summed this up best when he said, “There is virtually always an apocalypse du jour going on somewhere in the world. And on the rare occasions when there is not, journalism will simply invent one, and present it 24/7 as the incipient end of the world.
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Ben Carlson (A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan (Bloomberg))
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What we really crave is for someone to make loving sense of us. We want them to write us, with all our complexity and obscurity, down in crisply phrased and clear sentences. Our reading of someone else’s novel is dutiful and well-educated no doubt, but it is as if we went to the doctor and they made a very accurate diagnosis of someone else’s earache, or if a financial advisor went to great lengths to present us with a solution to the money troubles of a stranger, from which we could at best extract the occasional fleeting hint of what might possibly be useful in our own case.
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The School of Life
“
Glacier Wealth Management’s vision has been to build full-service wealth management, estate planning, and insurance advising firm. We recognize clients’ goals and needs are specifically unique to their individual situations. We manage finances through a comprehensive approach integrating investment advice, tax, and cost analysis strategies. We bridge the gap between financial advisors, accountants, attorneys, and insurance agents when structuring personal and business finances.
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Glacier Wealth Management
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Also, vary what you do on weekends. Notice how your life is enriched.
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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We are a fee-only financial advisor in Austin TX. We offer financial planning and investment management services to individuals and families who uphold traditional values, and are passionate about travels, the outdoors, and giving back to their community. Our plan is tailored specifically for YOU, your value, your goals, and your life aspirations. We will work with you step by step until you reach your goal. Think of us as your personal financial fitness coach. Your first consultation is free.
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DESMO Wealth Advisors LLC
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Whether or not working for money is a waste of time depends on whether or not the money is needed, or will be wasted.
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Mokokoma Mokhonoana
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Rene Neyrey is a well-established Financial Advisor who has been a member of the American Society of Financial Services Professionals since 1986.
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Rene Neyrey
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Agents need to be many things all at once. At times you will wear the hats of legal counsel, therapist, financial advisor, friend, organizer, market expert, and salesperson.
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David Greene (SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business (Top-Producing Real Estate Agent Book 1))
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Our political leaders promote themselves through publicists, financial advisors and powerful military/businesses agendas. We see widespread corruption in democracy while small networks of thoughtful people have the unenviable task of keeping alive the flame of spirituality, justice and sustainable living. We need to: convert our factories to factories of constructive materials not destructive weapons employ our scientists to develop tools for mass construction not weapons of mass destruction employ words not weapons with our so-called enemies establish Ministers for Peace in our government, not Ministers for (so-called) Defence explore causes and conditions for war establish intelligence gathering to develop ethics and social responsibility
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Christopher Titmuss (The Political Buddha)
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After suffering the loss of a loved one, do nothing but keep your money safe and sound for at least one year. If you want to find the best financial advisor, look in the mirror—for no one will care about your money more than you do.
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Suze Orman (The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime (Revised & Updated for 2025))
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list of documents that may be required. It can look intimidating, especially if you’ve not been actively involved in your family finances, but don’t panic. If you can’t find all of them or don’t have access, there is a later step in the divorce process called “discovery,” when you can legally compel the other side to provide copies of anything else you need: •Individual income tax returns (federal, state, local) for past three years •Business income tax returns (federal, state, local) for past three years •Proof of your current income (paystubs, statements, or paid invoices) •Proof of spouse’s income (paystubs, statements, or paid invoices) •Checking, savings, and certificate statements (personal and business) for past three years •Credit card and loan statements (personal and business) for past three years •Investment, pension plan, and retirement account statements for past three years •Mortgage statement and loan documents for all properties you have an interest in •Real estate appraisals •Property tax documents •Employment contracts •Benefit statements •Social Security statements •Life, homeowner’s, and auto insurance policies •Wills and trust agreements •Health insurance cards •Vehicle titles and/or registration •Monthly budget worksheet •List of personal property (furnishings, jewelry, electronics, artwork) •List of property acquired by gift or inheritance or owned prior to marriage •Prenuptial agreements •Marriage license •Prior court orders directing payment of child support or spousal support Your attorney or financial advisor may ask for additional documents specific to your case. Some of these may not be applicable to you.
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Debra Doak (High-Conflict Divorce for Women: Your Guide to Coping Skills and Legal Strategies for All Stages of Divorce)
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If you're looking for a fiduciary advisor in the Northville area, we can help. Our Fiduciary advisor Northville at Financial Strategies Group, INC of experts, is ready and waiting to partner with you to create an estate plan or financial plan tailored specifically to your needs.
We make it our goal to ensure all of our clients get the most out of their money while still enjoying peace of mind about what will happen if they ever become incapacitated or pass on unexpectedly.
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Financial Strategies Group, Inc.
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Act as if every broker, insurance salesman, mutual fund salesperson, and financial advisor you encounter is a hardened criminal, and stick to low-cost index funds, and you’ll do just fine.
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William J. Bernstein (If You Can: How Millennials Can Get Rich Slowly)
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If you’ve ever thought that it shouldn’t be so hard to examine your investment portfolio or hold your financial advisor accountable, you’re right. The system distorts your view of your money in the same way that a magician stacks the deck against the audience. It’s not evil or bad, but once you know how the magician does the illusion, you simply cannot be tricked so easily anymore. And once we all are in on the trick, the
financial industry will need to improve, because the old, tired illusions won’t work anymore.
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Christopher Manske (Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS)
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So a financial advisor can goad you into taking (or avoiding) an investment risk just by changing how he describes it. If he boots up some fancy software that says you have a 78% chance of meeting your retirement goals, that sounds great. But he can reframe the same result and strike fear into your heart by declaring that “22 out of 100 people with your strategy will end up eating cat food in the dark”—and the next thing you know, he has foisted a bunch of risky stocks onto you that you never wanted.
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Jason Zweig (Your Money and Your Brain)
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Title: Opening Development: The Job of market research consultant in india
In the consistently developing scene of business in India, remaining in front of the opposition requires a profound comprehension of market elements, customer conduct, and arising patterns. This is where statistical surveying specialists assume a significant part. With their ability in information examination, industry bits of knowledge, and vital direction, statistical surveying experts enable organizations to pursue educated choices and explore the intricacies regarding the Indian market. In this article, we dig into the meaning of market research consultant in india and how they drive development and advancement.
Exploring Different Business sectors: India is a place that is known for variety, where every district has its own exceptional social, financial, and social elements. Statistical surveying advisors have the aptitude to explore through these assorted business sectors, giving important experiences customized to explicit areas. Whether it's comprehension shopper inclinations in metropolitan communities like Mumbai and Delhi or taking advantage of the thriving business sectors of Level 2 and Level 3 urban areas, statistical surveying advisors offer limited systems that reverberate with the interest group.
Uncovering Customer Bits of knowledge: Purchaser conduct is continually developing, affected by elements, for example, financial changes, mechanical progressions, and social movements. Statistical surveying experts utilize a scope of philosophies, including overviews, center gatherings, and information examination, to reveal well established customer experiences. By figuring out the requirements, goals, and trouble spots of the objective segment, organizations can tailor their items, administrations, and promoting methodologies to resound with buyers on a significant level.
Recognizing Arising Patterns: In the present quick moving business climate, keeping up to date with arising patterns is vital for keeping an upper hand. Statistical surveying advisors have practical experience in pattern examination, observing business sector developments, contender exercises, and mechanical advancements. By distinguishing arising patterns from the beginning, organizations can gain by new open doors and turn their systems in like manner. Whether it's the ascent of online business, the reception of reasonable practices, or the developing interest for computerized arrangements,
market research consultant in india give priceless prescience to direct business choices.
Relieving Dangers: Each undertaking involves a specific level of hazard, whether it's entering another market, sending off another item, or extending tasks. Statistical surveying specialists direct careful gamble evaluations, recognizing possible entanglements and moderating elements that could influence business achievement. Through thorough market examination, contender benchmarking, and situation arranging, statistical surveying specialists empower organizations to go with informed risk-the executives choices, limiting vulnerabilities and boosting open doors for development.
Driving Advancement: Development is the soul of business achievement, powering development, separation, and supportability. Statistical surveying experts cultivate a culture of development by uncovering neglected needs, distinguishing market holes, and investigating undiscovered open doors. By utilizing market knowledge and shopper experiences, organizations can improve items, administrations, and plans of action that reverberate with the advancing requirements of the market. Whether it's creating state of the art advancements, troublesome plans of action, or advancement showcasing methodologies, statistical surveying experts engage organizations to remain in front of the development bend.
All in all, statistical surveying experts assume a basic part in opening development and deve
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market research consultant in india
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David Snavely is a highly respected investment advisor with over 40 years of experience in retirement planning and financial strategy. David specializes in helping clients secure their financial futures through personalized investment solutions, including Equity Index Annuities.
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David Snavely
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Since Rosenthal came up with the recommendation idea, Morgan Stanley has been working on a next-best-action (NBA) system to provide its advisors with financial insights to present to clients.
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Thomas H. Davenport (All-in On AI: How Smart Companies Win Big with Artificial Intelligence)
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Historically, many investment groups have in practice outsourced much of the hard but dull, unglamorous work around corporate governance to a small club of consultancies known as “proxy advisors.” The biggest by far are Glass Lewis and Institutional Shareholder Services. Between them, they utterly dominate this niche industry, and are a quietly influential duo at the heart of the crossroads between the corporate and financial worlds. Glass Lewis attends more than 25,000 annual meetings across over 100 markets around the world every year. ISS brags that it covers about 44,000 meetings in 115 countries. Together, they advise thousands of investment groups with cumulatively tens of trillions of dollars’ worth of assets, and make millions of votes every year on their behalf. Many corporate executives resent the often formulaic approach of the proxy advisors, and see relying on them as an abdication of an investor’s responsibility. This is partly self-serving, as they dislike the proxy advisors’ views on compensation, for example. Yet there is an element of truth to it. Most investment groups don’t want the hassle of having to deal with many mundane issues across hundreds or even thousands of companies they own shares in. ISS’s and Glass Lewis’s raison d’être is to relieve them of this headache.
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Robin Wigglesworth (Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever)
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She then remembered the Merrill financial advisors telling her about a selling technique that she’d actually used herself called “Feel. Felt. Found.”…
I can understand how you must feel…I felt exactly the same… I found if…
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Alexandra Lebenthal (The Recessionistas: A Novel of the Once Rich and Powerful)
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Imagine that you are in control of your life. Now, the question is: Why do you have to imagine this? — from Look Ma, Life’s Easy (How Ordinary People Attain Extraordinary Success and Remarkable Prosperity)
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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If your needs are not attainable through safe instruments, the solution is not to increase the rate of return by upping the level of risk. Instead, goals may be revised, savings increased, or income boosted through added years of work. . . .
Somebody has to care about the consequences if uncertainty is to be understood as risk. . . . As we’ve seen, the chances of loss do decline over time, but this hardly means that the odds are zero, or negligible, just because the horizon is long. . . . In fact, even though the odds of loss do fall over long periods, the size of potential losses gets larger, not smaller, over time. . . .
The message to emerge from all this hype has been inescapable: In the long run, the stock market can only go up. Its ascent is inexorable and predictable. Long-term stock returns are seen as near certain while risks appear minimal, and only temporary.
And the messaging has been effective: The familiar market propositions come across as bedrock fact. For the most part, the public views them as scientific truth, although this is hardly the case.
It may surprise you, but all this confidence is rather new. Prevailing attitudes and behavior before the early 1980s were different. Fewer people owned stocks then, and the general popular attitude to buying stocks was wariness, not ebullience or complacency. . . .
Unfortunately, the American public’s embrace of stocks is not at all related to the spread of sound knowledge. It’s useful to consider how the transition actually evolved—because the real story resists a triumphalist interpretation. . . .
Excessive optimism helps explain the popularity of the stocks-for-the-long-run doctrine. The pseudo-factual statement that stocks always succeed in the long run provides an overconfident investor with more grist for the optimistic mill. . . .
Speaking with the editors of Forbes.com in 2002, Kahneman explained: “When you are making a decision whether or not to go for something,” he said, “my guess is that knowing the odds won’t hurt you, if you’re brave. But when you are executing, not to be asking yourself at every moment in time whether you will succeed or not is certainly a good thing. . . . In many cases, what looks like risk-taking is not courage at all, it’s just unrealistic optimism. Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don’t know the odds. It’s a big difference.”
Optimism can be a great motivator. It helps especially when it comes to implementing plans. Although optimism is healthy, however, it’s not always appropriate. You would not want rose-colored glasses in a financial advisor, for instance. . . .
Over the long haul, the more you are exposed to danger, the more likely it is to catch up with you. The odds don’t exactly add, but they do accumulate. . . .
Yet, overriding this instinctive understanding, the prevailing investment dogma has argued just the reverse. The creed that stocks grow steadily safer over time has managed to trump our common-sense assumption by appealing to a different set of homespun precepts.
Chief among these is a flawed surmise that, with the passage of time, downward fluctuations are balanced out by compensatory upward swings. Many people believe that each step backward will be offset by more than one step forward. The assumption is that you can own all the upside and none of the downside just by sticking around. . . .
If you find yourself rejecting safe investments because they are not profitable enough, you are asking the wrong questions. If you spurn insurance simply because the premiums put a crimp in your returns, you may be destined for disappointment—and possibly loss.
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Zvi Bodie
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read The Couple’s Retirement Puzzle: 10 Must-Have Conversations for Transitioning to the Second Half of Life by Roberta K. Taylor and Dorian Mintzer.
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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Direct-sold retail funds can be great for investors, but sometimes they can work against the fund companies that market them. Throughout the recent bear market, advisor-sold funds did a better job in retaining their assets because financial advisors were able to prevent clients from selling in a panic. A little handholding goes a long way in convincing clients to ride out the turbulent markets.
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Pat Dorsey (The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market)
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The thing to remember is that happiness has no past and no future. It is what it is right now. Experience it while you can. Happiness not enjoyed today can’t be saved for the future. It is lost forever.
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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less an authority than financial advisor marketing expert Bill Good recognizes this, and he refuses to allow his salespeople to ask for referrals. As he puts it, “They manifestly do not work.”1 In fact, Good tells the story of an advisor who got a pesky client to stop calling him by asking for a referral each time she called!
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Stephen Wershing (Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself)
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In the past year, a book and a study were published that gave me insight into finding a better way. The study was “Anatomy of the Referral” by Julie Littlechild.5 In her survey of clients of financial advisors, she discovered that practically everyone who answered the question indicated that they were responding to the need of a friend. And, essentially, no one reported that it was because their advisor asked for it. This proved to me that asking is not the natural way referrals happen. The book was The Referral Engine, by John Jantsch.6 In it, Jantsch lays out how referrals happen, why we refer, and a host of ideas on how to stimulate referrals. With these ideas in hand, I did a lot more research on strategies that proved effective in attracting referrals. I incorporated these ideas into my work with financial advisors. The book you are holding is the product of what I have learned and what I have helped advisors to put into action. In her studies “The Economics of Loyalty” and “Anatomy of the Referral,” Julie Littlechild demonstrates that receiving referrals from clients has little statistical relationship to how or how often clients are asked. There is simply no clear straight line between asking clients for referrals the way we have been traditionally trained to do it and the best referrals you actually receive. In her survey of more than 1,000 clients who use financial advisors, one of the questions Littlechild asked was, “What were the circumstances of the last referral you gave to your advisor?
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Stephen Wershing (Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself)
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In the past year, a book and a study were published that gave me insight into finding a better way. The study was “Anatomy of the Referral” by Julie Littlechild.5 In her survey of clients of financial advisors, she discovered that practically everyone who answered the question indicated that they were responding to the need of a friend. And, essentially, no one reported that it was because their advisor asked for it. This proved to me that asking is not the natural way referrals happen. The book was The Referral Engine, by John Jantsch.6 In it, Jantsch lays out how referrals happen, why we refer, and a host of ideas on how to stimulate referrals. With these ideas in hand, I did a lot more research on strategies that proved effective in attracting referrals. I incorporated these ideas into my work with financial advisors. The book you are holding is the product of what I have learned and what I have helped advisors to put into action. In her studies “The Economics of Loyalty” and “Anatomy of the Referral,” Julie Littlechild demonstrates that receiving referrals from clients has little statistical relationship to how or how often clients are asked. There is simply no clear straight line between asking clients for referrals the way we have been traditionally trained to do it and the best referrals you actually receive.
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Stephen Wershing (Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself)
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In her survey of more than 1,000 clients who use financial advisors, one of the questions Littlechild asked was, “What were the circumstances of the last referral you gave to your advisor?” Half of the people said that they were asked specifically by a friend to recommend a financial advisor. Over half the people communicated some financial need for which the person knew his financial advisor had a solution. And how many people said that the circumstance of their last referral was that the advisor asked for it? Two percent, which is statistically equivalent to zero. Essentially no one gave a referral because the advisor asked for it. They gave a referral because their friend expressed a need, and they wanted to help (Figure 1.1). Most referral programs reflect a hunter mentality. We must go out and stalk and capture the referral. How do you suppose the prey feels in this relationship?
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Stephen Wershing (Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself)
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Once you reflect on it, you will likely realize that you make referrals pretty regularly. Your clients do, too. They likely refer people to you more than you realize. In her study, “Anatomy of the Referral,”4 Julie Littlechild found that 91 percent of clients were comfortable providing a referral to their financial advisor, and 29 percent had made a referral. One of the primary questions she hoped to shed light on was why, when such a large majority of clients are comfortable providing referrals, “only” 29 percent actually did. It’s a good question, and she uncovered some answers I will address later on. In addition, I am intrigued by the 29 percent. Most of the advisors I know would be thrilled to receive referrals from almost a third of their client base. What portion of your client base do you think referred someone to you in the last year? If you asked, I bet a much larger proportion would tell you that they did. We will get back to this statistic in a little while. For now, let’s take a look at whether clients feel comfortable making a referral to you and why they would.
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Stephen Wershing (Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself)
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The fact is that the financial advisor must find ways to distinguish himself not just during the initial sales process, but equally importantly on an ongoing basis to keep his clients from going elsewhere.
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Sally Hogshead (How the World Sees You: Discover Your Highest Value Through the Science of Fascination)
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To give you an example of a referral process template in a more general sense, let’s look at a fictional financial advisor using the S.O.N.A.R. process a concept adapted from the book How to Get Your Competition Fired by Randy Schwantz. The process follows five steps as you speak with an existing client and keys off the Contrast Principle, with a focus on positioning that encourages the client to suggest they refer you to a friend, rather than you asking for a referral.
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Duncan MacPherson (The Advisor Playbook: Regain Liberation and Order in your Personal and Professional Life)
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We provide our clients with services they can count on. Our financial advisors can help you achieve financial independence.
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Mark S. Starosciak
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In India, advisors may receive incentives as referral fees, commission, brokerage, etc. from various financial services organizations including banks. In
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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be prudent to get a declaration from the advisor that he does not receive any compensation from banks or other financial organizations for recommending you their products or services. The
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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Before hiring, evaluate the 5 Cs – Character (trust, ethics, integrity, independence), Capacity (education, experience, holistic perspective), Collateral (what you get in return), Conditions (scope of work, fees, confidentiality) and Capital (financial soundness of advisor).
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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You were given three special gifts when you were born: the gifts of life, love, and laughter.
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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Hannah tells me that you helped protect her from the Hispanics during the riot.” “The Hispanics? Oh, the protest, right.” “Call it what you like, son. This place was crawling with spics, and I am grateful that you took care of my only child.” “Well,” I shrugged. “I guess that’s what boyfriends do.” Spics?? “Only good boyfriends,” Hannah said, still tightly holding my left hand. I could never predict when she’d pour on the affection and when she’d act distant. Were all girlfriends this complicated? “I helped pass that law, you understand,” Mr. Walker said. “I’m an advisor to the senator, and it’s about time someone notable, someone of prestige, took a stand on the influx of hispanics into our once great city. The Hispanics were rioting because of that law, because they’re afraid of justice.” “Oh yeah?” I said. I knew nothing about politics or laws. But I had a feeling I disagreed with him. “But I’ll discontinue this tangent before I begin to preach,” he smiled. “Hannah is giving me the warning look.” “Thank you, Daddy,” Hannah said. “The spics destroyed your car,” he said. “Hannah informed me, and then I read the report in the newspaper.” “That was a good car,” I nodded. “I will miss it.” “Well, let me see what I can do to help,” he said. “I’m a financial consultant to many of our nation’s finest automobile manufacturers, including Mission Motorcycles. You have heard of them?” “I don’t know much about any cars. Or motorcycles,” I admitted. “Well, it just so happens, they owed me a favor and agreed to give me a short-term loan on one of their new electric bikes,” he said. And it was then that I realized we were standing beside a gleaming black, silver, and orange motorcycle. I hadn’t noticed before because our school parking lot always looks like a luxury car showcase, and I’d grown numb to the opulence. A sleek black helmet hung from each handle. Mr. Walker placed his palm on the seat and said, “This bike is yours. Until you get a new car.” “Wow,” I breathed. A motorcycle!! “Isn’t it sexy?” Hannah smiled. “It looks like it’s from the future.” “It does,” I agreed. “I’m almost afraid to touch it, like it’ll fly off. But sir, there’s no way…” “Please don’t be so ungrateful as to refuse, son. That’s low class, and that’s not the Walkers. You are in elite company. Dating my daughter has advantages, as I’m sure she’s told you. You just keep performing on the football field.” “Oh…right,” I said. “I’m gratified I can help,” Mr. Walker said and shook my hand again. “I’m expecting big things from you. Don’t let me down. It’s electric, so you’ll need to charge it at night. Fill out the paperwork in the storage compartment and return them signed to Hannah tomorrow. If you wreck it, I’ll have you drowned off Long Beach. I wish I could stay, but I’m late for a meeting with the Board of Supervisors. Hannah, tell your mother I’ll be out late,” he said and got into the back seat of a black sedan that whisked him away.
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Alan Janney (Infected: Die Like Supernovas (The Outlaw, #2))
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Collegiate Advisors, Lancaster, PA based reputed financial planner firm, is the leading supplier of services to the college planning community and all services/product provided to client are private branded with their company name.
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Collegiate Advisors
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For some companies and investors, it’s all a bit of financial fun. Castle Partners, L.P., a pooled investment vehicle registered in Delaware, bought properties through its Oregon affiliate Castle Advisors using several companies with variations on the name COTD, an apparent play on the seafood menu phrase “Catch Of The Day.” One real estate developer held property in a company called Boondoggle LLC. Another bought six houses with My Financial Workout.
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Anonymous
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Jill buys an index mutual fund that tracks the overall stock market, never touching her money and earning the same return as the overall stock market. Average Joe "tinkers" with his portfolio, purchasing some mutual funds through his financial advisor and investing in stocks whenever he gets a particularly juicy tip from his neighbor. Joe earns the same return as the average investor in the stock market.
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Alex H. Frey (A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way)
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Learned Optimism: Expecting a Positive Outcome In Learned Optimism, Martin Seligman provides information that has tremendous implications for teams that want to develop the persistence to achieve their business goals. Optimistic team members believe they will be successful and believe they are responsible for their success. Pessimistic team members do not believe they will be successful and believe that nothing they do will improve their results. For these reasons, optimistic team members are resilient and will persist when things get tough, while pessimistic team members give up. Seligman led a research team that demonstrated that optimism and helplessness are learned. His work suggests that when team members decide that nothing they do matters, they feel helpless and will do little to improve their situation. The good news that came from discovering that helplessness can be learned is the revelation that optimism can also be learned. Of particular importance is how team members explain setbacks to themselves. Optimistic team members explain setbacks as temporary, specific, and, where appropriate, externally caused. They do not view the event as long-lasting or permanent. They believe that the event is a temporary setback that can be corrected and refuse to consider it a catastrophe. For them, it is a single event with a specific negative impact. Finally, they only own the result if they should. Optimistic team members don't own the negative returns if the market goes down. Pessimistic team members are on the other end of the continuum. They explain setbacks as permanent, pervasive, and personal. They believe the negative setback is long-lasting. They globalize the setback and believe “all hell is breaking loose.” Pessimistic team members also believe that they are responsible for the setback even when they are not. To make matters worse, pessimistic team members tend to play the setback over and over again in their minds. Because we tend to move toward those things we think about, this ruminating can lead to a self-fulfilling prophecy. Teams reflect the attitudes of the individual team members. If team members explain setbacks as temporary, specific, and (where appropriate) externally caused, the team will be optimistic about their future success and will continue to persist. However, if as a group a team tends to explain setbacks as permanent, pervasive, and caused by the team members, the team will develop a pessimistic explanatory style and will quit, giving up on their goals. What seems to be of lesser importance in developing team persistence is how teams and their members explain successes to themselves. It is interesting that explanatory styles are completely turned around when they experience success. Optimistic teams explain the success as permanent, pervasive, and personally caused. Pessimistic teams explain successes as temporary, specific, and externally caused.
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Steve Moore (Ineffective Habits of Financial Advisors (and the Disciplines to Break Them): A Framework for Avoiding the Mistakes Everyone Else Makes)
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I decided to find a mentor. With his help, I’ve made three vital discoveries on my journey to wealth: Follow in the footsteps of those who are already rich, not those who want to become rich. Is your banker, broker, or advisor rich? If he isn’t, he probably can’t teach you much. Focus on your financial education and try to learn as much as you can. Evaluate every opportunity yourself. Try to understand financial trends—but don’t follow them.
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Andrea Plos (Sources of Wealth)
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Sometimes it’s important to work for that pot of gold. But other times it’s essential to take time off and to make sure that your most important decision in the day simply consists of choosing which color to slide down on the rainbow. — Douglas Pagels
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Ernie J. Zelinski (How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor)
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A dearth of fiduciaries willing to place client interests foremost forces individuals to take responsibility for their investment portfolios. In the profit-motivated world of Wall Street, fiduciary responsibility takes a backseat to self-interest. What benefits the stockbroker (commissions), the mutual fund manager (large pools of assets), and the financial advisor (high fees) injures the investor. When profit motive meets fiduciary responsibility, profits win and investors lose. Understand
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Charles D. Ellis (Winning the Loser's Game: Timeless Strategies for Successful Investing)
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EASE ENDOWMENT What is the status quo and what aspects make it attractive? Are there hidden costs of sticking with it that people might not realize? Like financial advisor Gloria Barrett, how can you surface the costs of inaction? Like Cortés, or Sam Michaels in IT, how can you burn the ships to make it clear that going back isn’t a feasible option? Like Dominic Cummings and Brexit, can you frame new things as regaining a loss?
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Jonah Berger (The Catalyst: How to Change Anyone's Mind)
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Financial advisors have a fiduciary duty to correctly document your age, income, savings, financial experience, and risk assessment. They are required not to match conservative investors with risky investments and to make their clients aware of the difference. This is the main point of contention on Broker-Dealer Sales Representative complaints for arbitration.
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Phillip B. Chute (Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody)
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and authority but also leads directly to the central issue of being clear about purpose. Do we know why we are having a conversation or what our purpose is in calling a meeting? When you are meeting with a financial advisor or lawyer, visiting your doctor, or being introduced to your new head of marketing, do you ask yourself, What is the purpose of this meeting? Your purpose defines the task and the kind of relationships you want to create. When you come together with another person, you jointly and automatically define the situation: What is it we are here to do? What is each of our roles in the situation? What do we expect of each other? What kind of relationship can this
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Edgar H. Schein (Humble Inquiry: The Gentle Art of Asking Instead of Telling)
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Financial advisors must provide holistic advice, not just risk management advice. If it's risk management only, they are insurance advisors.
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David Angway
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Most big retail firms sell you notes that have substantial commissions, underwriting fees, and distributions fees; all of these will take away from your potential upside. Accessing structured notes through a sophisticated, expert fiduciary (a registered investment advisor) will typically have those fees removed because a fiduciary charges a flat advisory fee. And by stripping out those fees, performance goes up.
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Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
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Money that was earned is way less slippery than money that was stolen, won, or inherited.
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Mokokoma Mokhonoana
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The 9 Secrets are systems every advisor knows they should have, and wishes they did have in their business. It's the storytelling and the way the content is presented in Plateau to Pinnacle that motivates you to actually do it. It can be a career changing book.
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Erin Tamberella (Plateau to Pinnacle: 9 SECRETS OF A MILLION DOLLAR FINANCIAL ADVISOR (Plateau to Pinnacle: Financial Advisor Series Book 1))
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One of the top questions I get from managers is: “How can I carve out time to focus on long-term work when there’s so much to do right now to keep the trains running?” In the framing of this question, there is an assumption that popping your head up to plan for the months or years ahead comes at the expense of successful near-term execution. It doesn’t have to be this way. One of my colleagues runs her team with a strategy that is similar to that of an investor’s. Just as no financial advisor would recommend putting all your money into one kind of asset, neither should you tackle projects with one kind of time horizon. My colleague makes sure that a third of her team works on projects that can be completed on the order of weeks, another third works on medium-term projects that may take months, and finally, the last third works on innovative, early-stage ideas whose impact won’t be known for years. By taking this portfolio approach, her team balances making constant improvements to their core features while casting an eye toward the horizon. Over the past decade, they’ve shown that this strategy works: her team has an amazing track record of identifying new opportunities and scaling them to huge businesses over the course of three years.
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Julie Zhuo (The Making of a Manager: What to Do When Everyone Looks to You)
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Assets Under Management” Advisors Many people claim that the best advisor is one who is paid as a function of your account size (i.e., your “assets under management” or “AUM”). AUM fees tie the advisor’s interests to yours—or so goes the claim. What they really do is tie the advisor’s interests to your account size, not to your overall financial well-being. For the most part, this is not a problem, but it does present a conflict of interests whenever the most appropriate thing for you to do is liquidate a part of your portfolio (for example, to pay down your mortgage, delay claiming Social Security, or buy a piece of real estate).
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Mike Piper (Can I Retire?: How Much Money You Need to Retire and How to Manage Your Retirement Savings, Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less))
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My research scours over a hundred different coronavirus articles. I wrote this book over nine to twelve months ago. And it was during a time of infection and recovery. I was also working as a financial advisor. My book is an inspiration in itself. In this scenario, what you don't know can hurt you. I hope others will learn from my mistakes. But there are silver linings for the future. The economy will transform and look different from before.
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Pamela Russell