Outlook
Ask me why we don’t believe in investing in bonds. Ever.
By Benjamin Beck, CFP® When people meet us for the first time, one of the things that are most surprised to learn is that we don’t invest in bonds. Not ever. I love it when they ask why not, because it gives me a chance to explain how having bonds in your portfolio can cost
3 Things Wirehouse Advisors Need to Know Before Breaking Away
In the financial advisory and investment world, Wirehouses are the franchises of the industry. Morgan Stanley, Bank of America’s Merrill Lynch, or UBS: there’s a lot to be said for an established framework and the support that comes from these big names. But they can also be hard to advance in and extremely limited when
Business Ethics in the Wealth Management Industry
In any industry, business ethics need to be a critical part of both the ethos and the contractual obligations they have both internally and externally. However, in the wealth management industry in particular, you have several thorny ethical issues that can affect both client-advisor relations as well as the fiduciary duty of the firm. We’re
Tales from Beck Bode: What to Do If You are a Victim of Fraud
Financial planning and wealth management is more than investments and managing funds, it’s also being aware and ready for a financial crisis. While many risks are accidental or internal, others are targeted maliciously against you. Part of financial preparedness is education and planning for fraud prevention because even now, in this time of crisis, criminals
Looking Past the Current Stock Market Volatility is Key
If you’ve got any money in the markets, you’ve probably had your eyes glued to the Dow Jones, NASDAQ, and the S&P 500. We know we have. It’s been a rollercoaster of ebbs and tides, with drops that dip historically and sudden spikes of activity – both buying and selling. We want off this ride
Resources for Financial Advisors During and After the Coronavirus
Saying these last two months have been trying would be an understatement. Beyond the struggles we all share of quarantine life – cabin fever, boredom (or alternatively, no breaks for essential and frontline workers), and a lack of flattering haircuts – those in the world of wealth management and financial planning have had the market’s