The Democratic Presidential race has brought two major issues to the voters.Medicare for ALL and higher taxes on the wealthy.While they “trend” on social media ultimately it is our vote that counts.In addition to the election we read many announcements about bankruptcies this week.We will look at the failures and see if there are similarities that can benefit our business.Our capitalist system works and making knee jerk conclusions can be dangerous.Let’s look.

Old Gen
The capitalist business model doesn’t play favorites.This week several old school firms filed for bankruptcy protection.We will examine two that failed for different reason.The Boy Scouts filed because of the harassment charges against them were adding up.The scouts oath to do the right thing seems to mean different things to different people.The other firm that filed was Pier One.Low prices drive traffic but don’t equate to profits.We can learn from both!

Next Gen
The VC funding craze that was looking for Unicorns seems …


Relationships are the life blood of our personal and professional lives.We are constantly reminded of this fact by our “friends” at Hallmark and recently at Tender.Relationships are on our minds as we recently celebrated Galentine’s or Valentine’s day.  Heck, we spent a record amount on Valentine's this year.  Our blog this week discusses the importance of relationships for Wealth Advisory firms and more importantly their clients.

First Date

We put too much pressure on our first date.“Can you set me up?” makes some major assumptions that you like the same type of person that I like and more importantly they will like me!Referrals are a major source of growth for most wealth management firms.The assumptions here are even greater and potentially serious.A diversified portfolio that works for me might not work for you and your family.What can we do?Our experience is to spend time with the advisory firm and to read any thought pieces that the firm produces.Hopefully this will help you…


I know we are tired of the impeachment debate around calling witnesses.  Polls showed that 75% of the people wanted witnesses so we are going to scratch that itch with our monthly podcast recommendations.  Our favorites are organized in three sections.

True Crime
The golden age of radio featured stories before we were addicted to our TV or to streaming services.  Podcasts have joined the fight with True Crime stories cast with stars from movies.  Our favorite is Blood Ties.

Most Podcast lovers prefer voice over print.  Our favorite educational podcast is The Journal.  The tagline of money, business and power works!

Most of us listen to podcasts on our morning commute.  In the morning we want to be entertained and our favorite Morning Show is Snacks Daily.  The hosts play-off of each other better than me and my friend Dave do on the tables in Vegas.

Our final recommendation is for Mayor Pete.  He said he watched cartoons instead of the Impeachment hearings.  We think h…


I was surprised that only 35% of adults have 20/20 vision.  This reality made me think how many investors have 20/20 wealth vision and what can we do to increase their score?  Our blog this week will examine what we should do.  I admit the content has been improved by my new colleagues at Burford Brothers.  I still retain my three subject focus but their conclusions have real world client experience.  Hope you agree.

Our examination begins with a common human bias of D.I.Y. (Do it yourself).  How hard can it be to build a portfolio and insure it meets my family's needs?  As it turns out the disclaimer of "don't try this at home" applies to wealth management too!  The internet and CNBC make it seem easy.  DIY success is exciting but it can be ephemeral.  DIY failure is painful and embarrassing.  We need to find a partner that we can share in our success and blame them when we fail. DIY has lower fees but we get what we pay for..


Clients and advisors have nume…


As we enter a new decade we need to evaluated how we can improve personally and professionally. Our blog this week will focus on professional improvements. The changes are driven by technology and can seem overwhelming. We will examine three areas. We need to understand where we came from and how we are to proceed. Our industry is changing. Hopefully we are progressing too.

Investments When the independent wealth management industry began. Many of the advisors and their clients came from the accounting industry. The professionals were expert at planning but they were difficient in managing publically traded securities portfolios. This reality created an opportunity for DFA to help. $160 billion of client assets and got the attention of other money management firms. The ETF evolved. Today most new investment $ are flowing into ETFs and DFA is restructuring. I’m confident the next decade will produce new investment solutions.  ETFs and DFA will feel like yesterday’s news. 
Technology  On…

Happy 2020

Welcome to the new year and the new decade. I hope all of your resolutions are realized. This post will continue to share my social media recommendations. In 2019 I made two social media resolutions. I achieved one and the other of creating my own podcast never happened. This year I’m adding a resolution to partner with an independent RIA. That keeps me below Duchess Meghan who has 4 resolutions.

The rise in the new number of podcasts is creating a capacity challenge for me and my Apple Podcast App, but it should create demand for this monthly missive.

The evolution of podcasts has caused more interesting people to agree to podcast interviews. My favorite this month is Dolly Parton’s America. Dolly has a heart and her professional drive can inspire us all.

I will admit it in 2020 that I’m fixated with HBS!  My favorite podcast is The Disruptive Voice with Clayton Christensen. His books are great and his classes are always full, but his podcast is free. I learn somet…


This time of year we can slow down and examine the many things that we are grateful for in our life. I’m very grateful for the acceptance and support regarding my MS diagnosis. No need to revisit that, but if you need to learn more read my blog on the subject.  This week I’ll share who and what I’m grateful for since it is easier for me to write to this group than talk to them in person. I need to work on that, but after 57 years I’m not optimistic about changing anytime soon. Sorry

I have great friends from my school and my job. Even though we might not talk daily, we can pick up easily where we left off. My friends’ spouses are great too. They love my wife and in many cases have led the generous efforts supporting my family. Boys will be boys so I’m very grateful for their love and support too. If any of us are doubting the power of diversity then my experience should blow that out of the water! I’m grateful.

I always complained about attending required family events. …