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1. 9 Factors That Impact Client Loyalty
Do you truly know what each of your clients values in their relationship with you? Do you truly know what you could do more of or less of to ensure their lifetime loyalty? — Bill Cates
2. The Road to Success Begins With Solid Prospecting Habits
For financial advisors, there’s nothing like the thrill of signing a new client. But it doesn’t take very long in the business to realize that, without prospecting, those thrills can be few and far between. While signing new clients is the opportunity all advisors relish, they must first create those opportunities, which can only be done through continuous prospecting. — Don Connelly
3. How Much Can You Really Expect To Earn Investing?
How much money can you, as an individual investor, really expect to make from investing? I’m not talking about in a single year… or even five years. I mean over the life of a typical investor—40 years or so. What’s the best return you can hope for? — Dan Steinhart
4. The Business Opportunity for Advisers
Businesses are the business opportunity that most advisers just seem to walk past. Most just don’t seem to do business with businesses…and that is a massive opportunity area. The typical small business is usually doing one of two things: growing, or going ... and either is a fabulous opportunity for advisers. — Tony Vidler
5. ChatGPT: Does AI Have a Place in Wealth Advice?
For anyone unfamiliar with ChatGPT, it’s provided by the company OpenAI and is designed to provide short, and long-form answers to any question you ask. And I mean any question. Recently, I’ve heard stories of people asking ChatGPT to write their term papers, college entrance essays or job cover letters, and some are finding success. Immediately, I want to call them cheaters, because they are, but that sparked a question for me: what’s the “right” way to use this technology? — Nate. W. Tonsager
6. Nearly 1 in 3 Americans Say Their Financial Situation Worsened Over the Last Year
Nearly one in three Americans (29%) say their financial situation is worse now than a year ago. This is up from 19% of Americans in 2021. At the same time, respondents who say their financial situation is better than a year ago slightly decreased to 19% in 2022 from 22% in 2021. More than half (53%) say their financial picture is the same, down from 58% in 2021. — Allianz Life
7. The Truth No One Wants To Hear About Stocks
I’ve been getting under some people’s skin. And it’s because I’ve been unapologetically bullish for the last couple months. I get it. No one wants to hear the bull argument after the horrible year we just had in stocks. But things have changed. Many investors haven’t entertained the possibility that last year’s bear market is over. — Justin Spittler
8. How To Make AI a Partner in Your Business
AI is poised to change the trajectory of countless industries, but have you considered how it can help you grow your business? Leveraged properly, this technology can serve as a partner instead of an adversary. — Jennifer Goldman
9. Inflation Here to Stay: Where Should You Invest?
Inflation is cooling gradually but remains stubbornly high in most major developed economies, including the UK and U.S., despite the efforts of central banks. This week, official data shows that U.S. Consumer Price Inflation – CPI - is 6.4%, slightly higher than was expected, but down from a 40-year high of 9.1% in June 2022. On Wednesday, the UK inflation rate was revealed to have fallen for the third month in a row in January to hit 10.1%, below economists’ expectations, but still five times higher than the Bank of England’s target. — George Prior
10. Are You Ready for a Global Financial Disruption?
Have you prepared your practice and clients for a global financial disruption? The world is experiencing economic despair, rising interest rates, fallout from covid/remote work, an aging population, falling tax revenues, global unrest, wage pressure, cost of eggs, political unrest, wars, famine, avian flu, ChatGPT, the list goes on! — Adam Holt & Derek Notman
11. Is Your Friend in Need of Professional Help?
Not everyone needs the skills you bring to the relationship. Some do. In today’s society, cutting out the middleman and dealing direct seems like a practical way to do business. It can often be more expensive than paying for objective advice. Lets consider four professions: Accounting, insurance, financial advisors and financial planning. — Bryce Sanders