Today’s show is gonna be short and sweet. No guest, just a few words about the upcoming holidays and what they can mean for you and your practice. The 2020 has been an unusual year, could probably win awards for understatement. Despite the forced distance between the masks and the virtual meetings via Zoom or…
“ [Right-sizing] . . . also unleashes significant staff capacity previously expended on these folks, thereby providing you the opportunity to delegate more to your staff. This sets you up to focus on business development and growth. Targeting ideal clients becomes much more clear for the entire firm once the client roster is scaled down,…
“. . . the United States charges income taxes on its citizens and residents on a worldwide basis, regardless of where they live. And that is just not the way that most of the world taxes its citizens. And so you could have an American that moves abroad, and they might have to now pay…
“And one day I was sitting at that table and the light bulb went on and I just said, you know, guys in the money business don’t take care of their own money. It’s the cobbler’s children without shoes. And I found that as I finally just had the time to pick up the pile…
“…skill that I just picked up was every time I would read an article about consumer finance or taxes or financial planning, I would write a snail mail letter to the author. “Dear John, I read your article. I thought you did a great job. It was a real public service. This is another way…
“… we’re still, I would say like a generalist when it comes to financial planning, because we see clients in all phases of their lives and stages and create a comprehensive financial plan for them. Where we specialize in is like the niche of who we work with as well as some of our investment…
“Market conditions can change quite abruptly, and correlations under those circumstances don’t always work – recently they were both going the same direction – straight down!” – Carl Noble on market volatility and indicators Pinnacle Advisory Group’s Senior Investment Analyst Carl Noble will walk retail investors through five major potential stumbling blocks of investing in…
As an advisor, you’ve lived through several of the last economic downturns, weathered the storms, calmed clients, followed regulations, and taken care of others for years. Maybe it’s time to finally retire and take it easy . . . but how do you maximize the value of your practice in order to move on to…
While bear markets can be a lot of work, they also create the best opportunities to grow. Some clients will leave their advisors due to poor communication or poor performance, and do-it-yourselfers will realize they need help. Now may be the best time to consider right-sizing your client list. In other words, letting go of…
Right now we are all facing challenges both professionally and personally. Clearly we are concerned for our clients and helping them navigate the crisis, but we are also personally impacted by the stress of serving clients and the reality of declining revenues and our own portfolio values. Pinnacle Advisor Services is here to help you,…