Showing posts from July, 2018


A recent podcast with screenwriter Ed Solomon made me think if this guy is insecure I should stop beating myself up.Ed wrote two blockbuster movies – Bill and Ted’s Excellent Adventure and Men in Black and he still doesn’t feel confident when he writes a new screenplay.This blog will examine why I feel his pain when I write this blog and why advisors have insecurities when they make client recommendations.
Expectations This is where the rubber meets the road.Our expectations are often too optimistic.Unfortunately the 100 year flood occurs every 7 – 9 years.An essential characteristic of successful advisors is their optimism, many advisors hope to double their revenues every three years.Clients add to the challenge by making the mistake to expect the returns that their “friends” boast about at cocktail parties.The current environment where the return of FANG stocks dominates the financial press doesn’t help.My optimism has caused me to make a lot of mistakes with my family’s portfolio.…


One of the most provocative ideas from the DeVoe and Company M&A + Succession Summit was regarding the optimal age of an employee – 56.The expert presenter shared that the optimal age was where energy and experience intersected.Coincidentally I am 56 and I agree with the conclusion.This week we will examine why I agree.
Millennials Millennials have unbridled energy.Focusing the energy is a team sport.Management can be a good coach especially if they are honest and remember that they too were young and green once.Assigning a mentor can help both parties remain sane.I have watched several successful firms employ this strategy with their new hires.Both professionals will learn from the working together.My experience is the firm needs to hire an experienced professional to build and run the program.You will find that the investment will be your best performing investment.
Restructured Professionals The days of staying at the same company your entire career are over!Not to mention an Ap…