Financial fraud solicitations are commonplace. A survey by the FINRA Investor Education Foundation found that eight in 10 respondents were solicited to participate in a potentially fraudulent offer and 11 percent of all respondents lost a significant amount of money after engaging with an offer.
Dipping 0.7% in January, the Labor Department’s Consumer Price Index posted a 0.1% annual retreat – its first yearly decline since 2009. As the core CPI rose 0.2% in January and gas prices are moving north, the headline CPI’s stint in deflation territory may be short-lived. The federal government also announced its second estimate of Q4 GDP last week – a passable 2.2% – and a 2.8% boost in hard goods orders for January.1,2 Continue reading
On Friday, Greece reached an agreement with eurozone finance ministers to extend its economic bailout through June. The four extra months of financial aid depend on reforms that the country will present to its creditors this week (they must be approved by April). Stateside, minutes from the Federal Reserve’s January policy meeting noted that most Fed officials favored “keeping the federal funds rate at its effective lower bound for a longer time,” which also pleased the markets.1,2 Continue reading
For independent advisors, succession planning is quickly becoming the cornerstone of a growth strategy. It is designed to perpetuate an advisor’s business and income streams beyond their lifetime, while providing a multi-generational service platform that attracts and benefits younger advisors. This makes succession planning one of the most, if not the most, important practice management tools in this industry. Continue reading
Financial advisors William Diener and Andrew Lenner of Diener and Lenner Wealth Management in Boca Raton, FL, have recently joined Summit Brokerage Services, Inc., the #1 Independent Broker-Dealer in the Country*.
Previously affiliated with Morgan Stanley, the team manages over $65 million in client assets and has a combined 64 years of experience. Continue reading
Recently, economists have worried about a decline in household spending. The 0.8% fall for retail sales in January affirmed their anxieties. Consumers have certainly been buying less fuel, but even with gas purchases removed, there was still an 0.2% retreat. Headline retail sales have now sunk for consecutive months; earlier Commerce Department data showed an 0.9% falloff in December.1 Continue reading
Your firm’s logo is just as important as its name. The logo is considered the most powerful and visible symbol of your company’s brand. Yes, your firm is a brand and your firm will trigger brand perception. If you don’t have a logo, you should consider having one designed.
You don’t have to spend a lot of money to design the perfect logo. Believe it or not, some of the top brands in today’s business world paid very little for their logo design. Twitter only paid $15 for its iconic logo. Nike paid $35 for the “swoosh”. On the other end of the spectrum, Pepsi paid $1 million to redesign its logo in 2008. Continue reading
That beat the 230,000 hires forecast in a MarketWatch consensus of analysts. Yes, the headline jobless rate actually rose 0.1% to 5.7% last month, and the total unemployment rate (U-6) rose for the first time in six months to 11.3% – but average hourly wages were up 0.5%, a striking shift after the 0.3% December decrease.1,2 Continue reading
A recent study released on gadget use in the financial services industry from ByAllAccounts, found financial advisors are keeping up with the latest tech devices, with 86.8 percent using laptops, 85.5 percent using smartphones and 41.6 percent using tablets. The brand of choice, when it comes to tablets: Apple’s iPad.
According to Financial Planning, financial planners are adopting the iPad as a business tool four times faster than the next fastest industry, business and professional services. Continue reading