Top Financial Advisor Fails: Not Managing Daily Stress and Anxiety

Top Financial Advisor Fails: Not Managing Daily Stress and AnxietyEd Note: This article is part of an ongoing series focused on the mistakes made by financial advisors.

No one said managing other people’s money was an easy job. Making investors happy and being “on” day in and day out takes a toll on even the most accomplished financial advisor’s health. Continue reading Top Financial Advisor Fails: Not Managing Daily Stress and Anxiety

Top Financial Advisor Fails: Fear of Prospecting

Top Financial Advisor Fails: Fear of ProspectingEd Note: This article is the first in a series focused on mistakes made by financial advisors.

Prospecting is the essence of a healthy, growing financial practice, yet many financial advisors – new and seasoned – avoid it due to fear. Continue reading Top Financial Advisor Fails: Fear of Prospecting

Summit Brokerage Services in Financial Advisor Magazine 2015 Top Broker-Dealer Rankings

Summit Brokerage Services in Financial Advisor Magazine 2015 Top Broker-Dealer RankingsFinancial Advisor, one of the industry’s leading publications, recently recognized Summit Brokerage Services in its annual 2015 B-D rankings as one of the top 50 independent broker-dealers as measured by gross revenue. Regarding this recent accomplishment, Marshall Leeds, President and CEO of Summit, commented, “Our recognition by Financial Advisor is reflective of the hard work of our advisors and associates to build one of the nation’s top independent boutique broker-dealers. We are excited about the future as we continue to focus on providing the industry’s finest advisors and their clients with the highest level of service possible.” Continue reading Summit Brokerage Services in Financial Advisor Magazine 2015 Top Broker-Dealer Rankings

Weekly Economic Update

Summit Brokerage Weekly Economic UpdateSERVICE SECTOR CONTINUES TO EXPAND

At 56.5, the Institute for Supply Management’s March non-manufacturing index came in 0.4 points beneath its February reading but still indicated healthy expansion for the service industry. While business activity fell by 1.9%, new orders improved 1.1% and new export orders 6.0%. America’s service sector grew for a 62nd straight month.1 Continue reading Weekly Economic Update

Summit Brokerage Services Receives a 9.9 Rating From its Advisors in REP. magazine’s 2015 IBD Report Card

Summit Brokerage Services Receives a 9.9 Rating From its Advisors in REP. magazine’s 2015 IBD Report CardFor the second year in a row, Summit Brokerage Services, Inc., received a 9.9 advisor rating out of a possible 10 in REP. magazine’s 2015 Independent Broker Dealer Report Card. In addition to receiving a perfect 10 in five of the seven broker-dealer categories, Summit’s advisors rated the Firm a perfect 10 in the Overall Satisfaction Category. Continue reading Summit Brokerage Services Receives a 9.9 Rating From its Advisors in REP. magazine’s 2015 IBD Report Card

Financial Advisor Fails: The Pitfalls of Perfectionism

Financial Advisor Fails: The Pitfalls of PerfectionismEd Note: This article is part of an ongoing series focused on the mistakes made by financial advisors.

Perfectionism is a trait many of us cop to coyly, maybe even a little proudly. However, perfectionism can be devastatingly destructive, leading to crippling anxiety or depression, and an overlooked risk factor for suicide. Continue reading Financial Advisor Fails: The Pitfalls of Perfectionism

Top Financial Advisor Fails: Refusing to Create a Daily Plan of Action

Top Financial Advisor Fails: Refusing to Create a Daily Plan of Action

Ed Note: This article is part of an ongoing series focused on the mistakes made by financial advisors.

Financial advisors have money on the line every day. If you don’t have a clear and immediate daily plan of action and are passively prospecting, you could be heading toward some serious trouble. Continue reading Top Financial Advisor Fails: Refusing to Create a Daily Plan of Action

Quarterly Economic Update

Quarterly Economic Update THE QUARTER IN BRIEF
On Wall Street, the opening quarter of 2015 played out like the first quarter of 2014: gains for the Nasdaq and S&P 500, a small loss for the Dow. In another resemblance, uncertainties emerged about the strength of the economy. Hiring data and consumer confidence readings were mostly strong, yet Q1 did not see notable consumer spending or retail sales gains. Commodities suffered as the dollar rally continued. The pace of home sales wavered, but the big picture of the housing market was still very positive. While our central bank considered near-term tightening, economic signals in Asia and Europe led other central banks to ease.1 Continue reading Quarterly Economic Update

Weekly Economic Update

Summit Brokerage Weekly Economic UpdateHOME SALES PICK UP

Existing home sales accelerated 1.2% to an annual pace of 4.88 million in February, the National Association of Realtors announced. Sales had slowed markedly in January. February also brought a big jump in new home buying – a 7.8% increase according to the Census Bureau, taking the year-over-year gain to 24.8%.1,2 Continue reading Weekly Economic Update

Independent Financial Advisors, You Have a Marketing Budget, Right?

Independent Financial Advisors, You Have a Marketing Budget, Right?The Oechsli Institute recently conducted a study to examine the marketing spending of “elite” advisors, the majority of whom generated more than $1 million of revenue last year. The results indicated the majority of those elite advisors (57 percent) spend 4 percent or more of their gross revenues on marketing – $40,000 on marketing for every $1 million of revenue. Continue reading Independent Financial Advisors, You Have a Marketing Budget, Right?

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