The recent swoon in the global financial markets has shifted the focus of business consultants to a soft subject  that they can control. Established thinkers like Mark Tibergian, Seth Godin, Mike Blackman and Sarah Kay have started to talk about experiences. This week’s blog will expand on their ideas and hopefully create a positive experience for our readers.
What are my favorite consiglieres talking about?  None of them is talking about the financial markets or ETFs.  They are writing and talking about big issues that impact our lives.
Most of us believe that the grass of someone else’s life is greaner than ours.  Social media has stoked this belief and the tweets of celebrities create an unrealistic view that their life is perfect.  I will never forget an interview with Debra Winger when she was at the pinicle of her fame after the success of  An Officer and a Gentleman.  The interviewer asked Ms. Winger for information about her life that would surprise us.  She pause…


We are all concerned that robots are scheming to take our jobs.  Inefficiencies in all industries stoke the robot concerns and fuel the Silicon Valley investors' belief that they can optimize every issue.  Our blog this week will look at the main fintech solutions from both sides and hopefully allay any concerns that robots will take all of our jobs.
Potentially successful fintech  solutions can be identified with an honest business model evaluation that will show procedures that are consistently experiencing issues.  Optimizing procedural performance should also increase profit margins that are being squeezed by fee compression.  This reality alone is a good reason to consider fintech solutions for your business.  A recent research report from Aite Group is a good place to start. Their Digital Advisory Matrix of nine solutions identifies several solutions that should be investigated. Our favorites include Client onboarding, Portfolio constraints/compliance and Fee …

Let's Investigate

The senate confirmation process of a potential Supreme Court justice and the recent FBI investigation was at times painful but necessary.  The extensive two-sided nature seems merited since a court appointment has no term limit.  This week’s blog will examine how we make other decisions that could have a lengthy term.  Are we diligent or partisan?  Let’s investigate.
Effectively choosing a wealth advisor should be as comprehensive as our senate confirmation process.  Thankfully we have numerous tools that we can use to make this important decision.  Let’s take a look.
Broker Check
Many advisors either work at a regulated brokerage firm or they did at one time in their career. The broker check system archives any complaints that have been filed against the registered professional. It will allow you to be the FBI and ask the advisor about alleged customer complaints that happened over the last ten years.  Their answer can be very helpful to your final vote.  FINRA now requires that all …


Tiger Woods' Tour Championship victory has been deemed the greatest comeback story in golf history.The record TV ratings prove we agree and our love hate meter with Tiger is now firmly in the love camp.Tiger had not won a professional golf tournament since 2013.Investors have a love hate relationship with hedge funds that has remained on the hate side since 2009.This week’s blog will examine what Tiger can teach hedge fund managers and their investors.

Don’t read the press
The press and blogs have a large case of schadenfreude.Most of their stories have a failure bias not just a political bias.Athletes and money managers make a lot more money than reporters and the average American.Our jealous dark side would like to see them come down to our zip code.Athletes and hedge fund managers need to focus on their successes and not be brought down by the naysayers.Comebacks are 90% mental.
Great athletes and great investors have unique talent.Athletic coaches appreciate talent…


The litany of departing White House officials and their tell - all books made me ask why do people leak secrets?This week we will examine that question and see that it is not just politicians who leak.The term is different in the private and business domain but it still packs an emotional punch.

Friends and Family
I vividly remember the first lie I told my parents.I was terrified that they would find out, but as time passed my anxiety declined.Eventually my parents caught me and lectured me on telling the truth and I would nod and say I’m sorry. Lesson learned – lie/leak and just apologize.Life goes on.

Secrets are a euphemism for little white lies.We kid ourselves that broken secrets are not as bad as lies.I would ask the people that trusted us with their secrets if they agree.Listen to how people rationalize telling secrets.They usually start their statement with don’t tell anyone but XYZ person told me they did X.Gossip/white lies feel good for the gossiper but they hurt the…


We love to read chronologies about traumatic events.This last week was overloaded with two such events – 9/11 and the closure of Lehman Brothers, both traumatic events that we continue to revisit.This blog will examine the power of traumatic events and how they can be like a light to moths.Don’t misunderstand me, we need to continue to remember like  Cats and Barbara so we won’t forget and repeat past mistakes.

Tragedy has a stronger lasting impact than success.We need to be aware of this reality and do our best to remember our successes and try to learn from our failures.Unfortunately businesses promote success and fire failures.This reality causes us to promote the top salesperson into a management position so they can teach strategies that are out dated and ineffective in today’s environment.Clients and shareholders should demand proof of recent success rather than listening to the tireless story about how the professional navigated the Financial Crisis.Ms. Garzarelli and y…


There is a risk when a 56 year old writer attempts to use Digital Native terms.My Millennial children laugh at me when I overuse LOL and FOMO.Laugh if you must but my feeling after listening to a recent call by Morgan Creek Capital Management on Crypto Capitalism was I’m Woke.This blog will summarize other groups that should be Woke.

Banks hold most of our Fiat currency.  We pay them a significant amount of fees for this mundane service.Why do we continue to pay these exorbitant rents? Is it inertia or are we just not aware of better alternatives?My opinion is that we aren’t aware of a better alternative.Banks are acquiring brokerage firms for their deposits that continue to grow after the advent of the CMA.Deposits are king, but how much rent should we pay for this service? Banks need to wake up.
Wealth Management
Independent wealth management firms have thrived over the last five years by eliminating the banks’ rent on client accounts.Crypo currency’s inclusion in a portfolio c…