Nothing is more important than establishing a meaningful connection with a prospect, when it comes to converting someone to a client. The scientific evidence for how to do that is clear, and it was vividly illustrated at a large social gathering I recently attended.
Proponents of active management are reduced to making this argument to save their withering business model: Get the best of both worlds by using both index funds and carefully selected actively managed funds.
When an advisor bases fees on AUM and provides financial-planning advice, there’s a potential for conflict of interest. This conflict is self-evident.
Unfortunately, life insurance is one of the most confusing products available. Some throw up their hands and simply ignore the need.
Practice a game-changing way to invest. I call it the “hammock approach” to investing.
The mutual fund industry is bordering on panic. Check out these developments.