Flexibility


We need to work on our flexibility when we start our new wealth advisory firm. We are now in control and need to decide on what we should change. The flexibility to make these changes can be obvious. The place to start is to normalize compensation. Many professionals got into the business because they could make more money. This is a fact, but we need to insure that our colleagues make more money as well.  



We have goals that we try to achieve. Unfortunately the goals are established by others and are not as rewarding as we hoped. I guess that after four plus years of work our Olympic athletes are not as happy as they thought they’d be. Goals can be pyrrhic. 


Where will we live after the pandemic?  The question has many facets. The top item is we can choose. The areas that will help are have a deep,Talent Pool. Cost and quality of life is important. The quality of life demands we choose what is personally important. Many of the items we believe are important prove to be replaceable. There will be non negotiable. We just need to examine what they are. 



We have numerous people issuing decrees on what we should do and avoid. Who will we listen to?
It appears our political opinions have a large impact. I chose to get vaccinated, there is a small group of experienced experts with a medical degree I follow.  This dynamic is confusing because most of them don’t have a WhatsApp account. 


There are a lot of decisions we need to make. Be flexible and choose something new and different. 










Comments

  1. Jeff SpearsAugust 15, 2021 at 5:13 AM

    The WSJ has deeper flexibility research.

    https://www.wsj.com/articles/employee-benefits-hybrid-workplace-11628796247

    ReplyDelete

Post a Comment

Popular posts from this blog

Inorganic

Image
Our industry has always looked down on Wall Street’s recruiting checks.  Last week there were numerous announcements that independent firms were offering advisors money to purchase their practice.  The term for these transactions is inorganic growth.  This week we will look at why these transactions are the new rage and examine if they are better than the old Wall Street checks. Wempy Popeye and financial advisors fall for the “I’ll gladly pay pay you tomorrow for a Hamburger today” pitch.  Unfortunately Popeye and and most financial advisors provide their hamburger but seldomly get paid what the firms and Wimpy promise .  Why?  The advisors need the cash and Popeye is gullible.  On Wall Street the deals adjusted when the advisors changed firms looking for a new deal every five to eight years.  The recent Luminous departure shows that the advisory contracts need to be adjusted.  The new contracts are written by experienced firms and lawyers to prevent serial departures. 
Read more

Stop Judging

Image
I have known that I have MS for over four years.  My doctors believe I have had MS for over twenty years.  Initially, When I received this diagnosis  I was very opinionated when I saw disable people. I assumed the worst. As a currently disabled person I can educate and warn you regarding things you shouldn’t say to me or disabled people..  This blog will educate on my disability. The places it manifests itself and how you can react and support me and other disabled people. The three items are: 1.) Needing a walker 2.) Government disability  3.) Falling MS causes me to loose my balance and fall.  The walker prevents this reality  I look at walkers as being as sign of old age,  I was incorrect and a good walker is an aid!  With a walker I fall less often.  I might look old, but I am OLD! Our government provides support to the millions of MS patients in the US.  Support is through Social Security and must be approved.  I am approved. The service can be cancelled if i get a full time job.
Read more

Summer Changes

Image
  Our summer is almost over,  What did we learn during all of our downtime?   I will summarize all of my observations and share my plans on what I will implement when I return to my office.  I discovered/ learned 6 items on my beech lounging, morning walks and social media tolling that I’ll share.  Hope they help.  My first and easiest change was my eye glasses.  Many of my friend asked it was trying to look like Elton.  I wasn’t…. The next three changes were business related. The changes will be voted on by my colleagues.  Steve Jobs of solving client problems the client didn’t know they had will be our guiding light.  I tried to change a few items. The obvious item what I changed was my eye  glasses.  The other areas were business related and I wanted wanted to be in control of my changes. The first change s our business’s model.  It has taken years to realize that I can’t beat thr market index.  Growing up on Wall Street this change was difficult.   Alpha is difficult to achieve an
Read more