Daniel R. Solin's Blog, page 7
August 19, 2019
Don’t Overreact to Fee Compression
Instead of focusing on the looming threat of fee compression, give your clients service that exceeds their expectations. There’s value to having a trusted advisor.
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August 13, 2019
A Financial Planning Nightmare
The most thoughtful and comprehensive financial plans will be derailed by an extreme, but unfortunately common event: when both spouses simultaneously display dementia.
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Fees Can Be Deceptive
The average management fee for an actively managed fund (where the fund manager attempts to beat the returns of a designated index) is 0.67%. The average management fee for an index fund that tracks the returns of a designated index is around 0.11%.
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August 6, 2019
I Know Why You Lost That Prospect
There’s often a huge disconnect between what advisors believe should be covered in the initial meeting and what’s top-of-mind for the prospect.
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August 5, 2019
What My Root Canal Taught Me About AUM
I wonder why so many advisors believe prospects and clients are interested in being “educated” about investing and financial planning.
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July 30, 2019
Financial Advice Isn’t a Profession
Investors deserve to understand the difference between advisors who are “professionals” and those who aren’t.
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The IPO Myth
An extensive study of the performance of IPOs in the aftermarket showed underperformance over short and long term periods studied.
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July 22, 2019
The Intelligence Trap
I’ve found it fosters a series of mistaken beliefs, that prevent you from gathering more AUM.
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Worrying is a Useless Emotion
I often wish I could follow the advice in Bobby McFerrin’s hit song, Don’t Worry, Be Happy. These days, I find it particularly challenging.
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July 17, 2019
The Surprising Key to a Long, Happy Life
It’s important for you to be aware of the latest research on happiness, which is useful in your own life. Who doesn’t want to live a long time and be happy?
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