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1. How Advisors Can Thrive as the Industry Evolves
There's a tremendous amount of change and evolution happening in an advisory space. And what we have seen is a consolidation of the space over the last decade. And it's really been a movement towards fiduciary advice. So if you look back 10 years ago, about a third of the client base served by advisors were served by fiduciaries. Now almost half of advisors are served by fiduciaries. — Ben Harrison
2. 5 Things That Don’t Make You Different
88 percent of Americans rate themselves as above-average drivers. Let that sink in a minute. 94 percent of college professors rated themselves above average relative to their peers. Scientists call this phenomenon Illusory Superiority. “What does this have to do with what makes me different?” — Bill Cates
3. Why Don’t My Clients Refer To Me More?
This is a much more productive question to answer for financial advisors. Usually referral questions devolve into a conversation /confrontation about ‘asking’ for referrals. Whether you should or you shouldn’t, how often and how.None of those questions is truly valuable if you don’t have the foundation set. The real question to answer is in the title. Why don’t your clients refer more business to you? Keep reading to find why. — Mike Garrison
4. Look Across the Valley: A Long-Term Perspective on Recent Market Activity with Sam Stovall
In this episode, Doug was joined by Sam Stovall. Sam is the Chief Investment Strategist at CFRA research, a leading provider of independent investment research identifying actionable opportunities from which clients can gain an investment edge and avoid risk. They explored the current state of the market and the rising interest rates as a response to the massive level of inflation. — Douglas Blake
5. The SEC’s Plan End Payment for Order Flow
“Payment For Order Flow” remains a contention between retail investors and Wall Street. On the one hand, it creates the ability to have “free trading” for retail investors. However, it also creates an opportunity for Wall Street to “front-run” individuals for profit. — Lance Roberts
6. How To Ignore Stocks and Why You Should
I know it’s hard to take your eyes off the market… It’s like watching a slow-motion car crash. Everyone, not just finance folks, is chatting about the declining stock market. My wife called me, joking she was returning some items to save money. If you’re like most investors, you’ve probably been fixated on stock prices lately. Today, I’ll show you why that’s a mistake. Instead, you should focus on the single biggest driver of stock market returns, which I’ll share in a moment. — Stephen McBride
7. Cash is Back as an Asset Class
In financial market time frames, the now deceased era of easy monetary policy lasted for what feels like an eternity. From the end of the financial crisis through the coronavirus-induced bear market of 2020, global central banks, including the Federal Reserve, kept interest rates low. That was great for bonds and risk assets. In the U.S., a long run of accommodative monetary policy powered a lengthy period of out-performance by growth equities. Along the way, cash investments became nearly irrelevant. — StoneCastle Cash Management
8. ESG Investments: Beam Me Out, Scotty
What ESG does – has to do – is therefore to make saving the planet conditional on making a profit. It’s an inescapable logic. As the philosopher Frederick Jameson has said, it’s easier to envisage the end of the world than it is the end of capitalism. And that’s no longer an intellectual puzzle but a practical reality. — Chris Skinner
9. Moving Technology from the Why to the How with Craig Ramsey
Craig Ramsey is the Chief Operating Officer at AdvisorEngine, a pioneer in digital wealth management technology that supercharges advisor growth with its powerful and intuitive digital platform. Doug and Craig sat down at the T3 Advisor Conference and talked about how financial technology can get closer to the level of technology utilized in other industries. — Power Your Advice
10. The Difference Between Good and Great
If you had to have surgery, would you rather go to the most skilled surgeon or the nicest surgeon? I was at a party the other night and someone I met shared his opinion of the difference between a good doctor and a great doctor. A good doctor makes you well. A great doctor makes you well and calls you the next day to see how you’re doing. — Shep Hyken
11. Advisor Do’s and Don’ts During Extreme Market Volatility
Financial advisors play a vital role in helping clients achieve their most important financial goals. But where they really earn their fees is during times like these, when helping clients navigate the choppy waters of extreme market volatility. Clients look to their advisors to guide them through scary times and reassure them that everything will be okay. — Don Connelly