The Wealth Consigliere

Some people put a higher value on privacy than others. My wife is a privacy zealot and I am indifferent. Recently a panelist at an industry conference accused other firms of selling client data. It’s not quite to a Bezos - National Enquirer level but it caught our attention. Our blog will examine data security and share our thoughts on who owns what, as well as who is responsible for security. While we have opinions we recognize the only opinions that matter are the clients.  Internet  When we post anything on The Internet we lose our ownership and transfer our rights to the platform. Numerous government hearings have emphasized this reality and have pushed some platform owners to ask for new government regulations. We have instituted our own family internet regulations that might make us feel good but are not that effective. Our children know more about the internet than we do. That same conundrum is true with FINRA and SEC regulations. They feel good and when ...

The reality of my "value-add" sunk in while I was writing this monthly review.  My reality is I have gravitated to a voyeur who listens to podcasts to increase my knowledge and synthesizes what I learn through my blogs and the consulting I provide independent wealth advisory firms.  Truth be told, most good managers are voyeurs who appreciate the accomplishments of participants who are in the arena.  Good managers have tried to score the basket or hit the curve but live below the Medoza Line.  I’m thankful that technology has allowed us to listen to achievers share their story in the first person. Voyeurs Management and teachers use podcasts as a medium to convey their message.  Our favorite this month is   WorkLife from professor Adam Grant.  Podcasts allow the professor to reach stidents with out requiring quizzes or attendance records.  We have found that questions or comments on podcast are more insightful than the in class quest...