“I want our conversations to be about me. I’m the client here. How does this play out on a practical level? So can you imagine, you go to a therapist, you’ve never been to a therapist before but you’ve got a big problem that’s driving you into that therapist’s office. You sit down and how…
Details“ . . . over 60% of the wealth of one family dissipates from generation one to generation two, and by generation three, about 90% of that wealth dissipates. And you have the same issue with the children of family members. They typically don’t stick with the same advisor. So, you have those two forces…
Details“I’ll give you an example. The standard deduction has increased for a married couple to $24,000. However, in Maryland, the state deduction is only $5,000. So if you itemize on your federal return, that is the only way you’re allowed to itemize on your state return. As a result, people who are not itemizing federally…
DetailsPinnacle Advisor Solutions will celebrate their 10th Anniversary in 2020, a milestone in any successful business. In that time, they’ve crafted a platform that allows solo advisors and small ensembles to adjust their business focus to spend more time with clients, spend more time on growth, more time to focus on the business itself, rather…
DetailsThe team here at “For Advisors” would like to thank each and every one of our listeners for supporting the program in the past year. The audience grows daily, and we’re grateful to all of you for telling your peers and colleagues about us, so they can tune in as well. We’ve got quite a…
Details“Well, I talked specifically about the idea that it was very difficult to build equity initially in a sole practice model. It was just not heard of. And so I think the accumulation piece was critical for these guys. You know, doctors have to live up to this understanding in the community that they make…
Details“. . . watching the women’s World Cup soccer championships, and they’ve developed a pipeline where they’re starting girls at a very young age. And I think we need to do the same thing with wealth management. And I’ve recently been involved with a program called Invest in Girls where we’re starting to talk with…
Details“ . . . I think interest has always been high [in strategic planning] for advisors who understand our value proposition and understand the need to have a plan. It’s interesting to me that advisors understand the vital need of their clients to do planning, but they don’t see the need in their own firms.…
DetailsIn lieu of our regular weekly program, we just wanted to give thanks to all our faithful listeners and subscribers, without whom this program would not be possible. We’re eternally grateful for your ongoing support of the program, and of our mission to bring quality information to Advisors across the country that they can use…
Details“A lot of it was content marketing. You know, as you start an RIA, you’ve got nothing but time on your hands if you’re starting from scratch with zero clients. So a lot of it was understanding what problems I am finding in my own situation and writing about it. Writing is almost a form…
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