Tabula Rasa


The pandemic has given us a chance to update our wealth advisory business starting with a clean sheet of paper. We will talk about unique areas that we should start from scratch. The pandemic was a stress test that has hurt people and proved many of our corporate policies like Just-In-Time inventory fail the test. The areas we hope you will consider post pandemic are ones we didn’t consider until we had time to think about their veracity.  



Same Planet 

Black Lives Matter and equal pay have dominated social media. There seems to be a consensus that racism and patriarchy are long in the tooth and need to be changed to meet our current beliefs. We are all from the same planet and should realize that there is no difference between black or white and men and women. The business facts prove this and many facts prove that clients prefer working with someone who thinks and looks like they look. We need to have the courage to embrace this reality. A clean sheet of paper will help 


Tired

Remote work has caused us to work longer days. Now that scientists have proven that COVID is harder to transmit outside we recommend you leave your house and take a walk. It will clear your head and hopefully promote new ideas. Steve Jobs embraced taking walks.  My belief is the many great ideas he had can be attributed to the clear thoughts that came when he got out of the office and walked. 


Hybrid 

A Hybrid approach utilizing old and new concepts has solved many disagreements. This is not a panacea as the recent IPO pricings prove but it is a slight improvement. The hybrid model in wealth management allows breakaway advisors to continue to sell insurance or buy individual stocks. Unfortunately this approach is also having mixed results. We need to keep trying to improve both. Maybe a clean sheet of paper can help. 


Aristotle believed in the benefits of a Tabula Rasa. Who knows what he would have found with some good erasable markers and a whiteboard. 

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