Are Financial Advisors Superheroes?

Are Financial Advisors SuperheroesAre financial advisors superheroes? Yes, in a sense — or at least in dollars and cents, anyway. While financial advisors may not possess any superhuman characteristics which enable them to travel faster than a speeding bullet or leap over tall buildings in a single bound, they can help save the finances of their clients. If this isn’t a lifesaving skill, it’s definitely a life changing one. Continue reading

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Weekly Economic Update

Summit Brokerage Services Weekly Economic UpdateCONSUMER SENTIMENT: A PLEASANT SURPRISE

Ebola fears and a choppy stock market haven’t quite rattled household optimism. At a reading of 86.4 (its highest in more than seven years), the University of Michigan’s initial October consumer sentiment index confounded analysts who expected a decrease from September’s final 84.6 mark. Consensus forecasts from MarketWatch and Briefing.com both predicted a retreat to 83.5. September’s 0.3% slip in retail sales remained a consumer question mark, especially after August’s 0.6% gain.1,2 Continue reading

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Independent Financial Advisors are CEOs

Independent Financial Advisors are CEOs Going independent means you are ready to be a true entrepreneur. Being the CEO of your own financial business is a dream come true for those who don’t want to conform to the big wire houses or answer to anyone. While this avenue isn’t for everyone, every day financial advisors seek out to become their own CEO.  Continue reading

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Using Your Hobby to Prospect for Clients

Using Your Hobby to Prospect for ClientsCan you imagine saying to your partner, “Honey, I’m going sailing. For work?”

David Edwards, president of New York-based Heron Financial Group, found a way to leverage his love of sailing with successful client prospecting. Continue reading

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Summit Brokerage Services Announces Record Attendance for 2014 Convention

Summit Brokerage Services Announces Record Attendance for 2014 ConventionSummit Brokerage Services, Inc. the Highest Rated Independent Broker-Dealer in the Country*, successfully completed the 2014 National Convention at the Boca Raton Resort & Club, October 9-11, 2014, with record attendance. Continue reading

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How can you Break the Cycle of Overspending?

How can you Break the Cycle of OverspendingWith the economy continuing to rebound, the stock market holding strong and the unemployment rate down, we appear to be further down the road of recovery. With the latest economic crisis, however, have we learned any lessons when it came to overspending? Continue reading

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Weekly Economic Update

Summit Brokerage Services Weekly Economic UpdateWHEN WILL THE MARKET CALM DOWN?

Earnings didn’t preoccupy investors last week; Europe did. The International Monetary Fund warned that the euro area could enter another recession; European Central Bank president Mario Draghi urged EU member nations to go in for quantitative easing, but German finance minister Wolfgang Schäuble disagreed. IMF and Federal Reserve officials noted the potential for Europe to slow global and U.S. growth. Factor in a selloff in small caps and a plunge for oil, and you had the CBOE VIX hitting an 8-month high of 20.53 Friday. A very poor week for equities ended with the Dow at 16,544.10, the Nasdaq at 4,276.24 and the S&P 500 at 1,906.13. Losing 3.14% in five days, the S&P had its worst week in two years. Maybe earnings will pull some focus from Europe this coming week.1,2 Continue reading

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How Advisors Can Connect to CPAs Through Social Media

How Advisors Can Connect to CPAs Through Social MediaSocial media gained its popularity as a way for individuals to connect with their friends on platforms such as Myspace and Friendster (remember those?). Today, Facebook has pretty much become a permanent fixture in many of our lives. It follows, logically that businesses across every industry have embraced social media and were using it to their advantage as both a marketing tool and a way to communicate with current and potential clients. While a static website serves an important role in establishing an overall web presence for financial advisors, it is not enough to reach everyone you want to reach, in order to grow your business. Continue reading

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Monthly Economic Update

Summit Brokerage Services Monthly Economic UpdateTHE MONTH IN BRIEF
Bullish sentiment certainly waned in September – when the month was over, the Dow, Nasdaq, S&P 500 and Russell 2000 had all retreated to varying degree. Troubling headlines from Asia, the Middle East and Eastern Europe weighed on Wall Street’s collective mind, as did some unexpectedly weak U.S. economic signals. While the Federal Reserve maintained its outlook on interest rates, investors were acknowledging the looming end of QE3. The dollar got even stronger, and the broad commodities market took a severe hit. Housing news was mixed. The S&P notched a new record close of 2,011.36 during the month, then lost 1.8% between that peak and the start of October.1 Continue reading

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How Can a Financial Advisor Be a Thought Leader?

How Can a Financial Advisor Be a Thought LeaderA Thought Leader is an individual in a given industry who is looked upon and admired for their vision and their success in their field. Thought Leaders think outside the box, yet are comfortable operating within the system. They are innovators and are rarely satisfied with what they have achieved when they know there is more out there. Thought Leaders don’t just generate ideas; they act on them. Continue reading

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