It appears we are headed back to work. Our monthly podcast summary will give us items to put in our backpacks. So Heigh Ho ! Business Consulting Adam Grant teaches how to not make work suck. Work Life These two industry icons share their different opinions for independent wealth advisors. Kices and Carl Reid Hoffman is one of the most successful entrepreneurs who believes in giving back. Masters of Scale Educational This podcast will entertain and educate. Pivot The host is a law professor who shares insight on controversial issues. Deep Background While I don’t prefer Houston, this podcast makes me want to visit and attend class. Unlocking Us Hope you all listen to the podcasts and get vaccinated.
How much is Smith Barney worth, and why should advisors and their clients care? If Smith Barney-parent Citigroup and acquirer Morgan Stanley can’t reconcile a roughly $15 billion disagreement about price, advisors and their clients are likely to experience the fallout in the form of smaller recruiting checks and/or a less satisfying client experience. A Strategic Business, Convoluted Valuation Process It’s ironic that the retail brokerage made famous by commercials from the curmudgeonly John Houseman, “Smith Barney – they make money the old-fashioned way,” is caught up in an old-fashioned valuation dispute that may have significant adverse consequences. The price that Morgan Stanley will pay for 14% of Smith Barney will be established by what can only be described as a byzantine process. The first step was for Citigroup to declare a selling price for Smith Barney. The Citi number came in at $24 billion for 14% of the brokerage. Morgan Stanley then...
We are in constant pursuit to be the best we can be in our profession. Is there a hack to help us? Some days it feels like others have found one. The Baby Boomer hack was to be a Doctor, a Lawyer or work for Goldman Sachs. Millennials believe in the power of social media hacks and that a job at Google is on the Yellow Brick Road. This week I’ll look at other experts and share my opinion that there isn’t an easy solution to professional success. Academia Those who can’t do teach and those who can’t teach, teach gym . Many of the established ideas that guide people in the wealth advisory business where researched in academia. While their research is credible most academics remain as advisors not a practitioners. William Sharpe might be an exception to this rule. He lost at Long Term Capital but was a recent winner with Financial Engines . Resilient and richer. Conferences and Media We...
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