Trusted Advisor Tag

Are Wealth Managers Worth It? With all of the low-fee, index funds and exchange traded funds available to investors, the question is worth asking. The short answer is, it depends. Research shows that good wealth managers actually produce measurably higher returns. Vanguard recently addressed the topic in this white paper, concluding that...

Just after Labor Day, The New York Times spotlighted a survey that found that 40 percent of American employees fail to use all of their paid vacation time, opening up a discussion among experts about some causes and solutions. As some suggested, our work ethic is part of our culture for...

Young wealth creators (Gen X and Y), many in the social media industry, are opting for more self-directed financial advice than previous generations did. A recent survey done by Spectrem Group, the Chicago based research firm that focuses on the affluent and retirement markets, found that millionaires ages 45 and less were not as interested in seeking the advice of financial advisors, and felt it was too expensive; the younger the age (especially the group under 35) the stronger the belief. While this is concerning for the investment business as a whole, I believe it’s equally as dangerous for the young wealth creators and here’s why:

If my last post on meaningful conversations resonated with you then you need to read the book by Susan Scott called Fierce Conversations.  I had the pleasure of hearing her speak at Center for Leadership Formation put on by Seattle University’s Business School.  Not only was she a gifted speaker and communicator, but her ideas are creating significant influence on the culture at Highland, and how I am thinking about my life. If you aren’t sure what “fierce” conversations means, her quote at the beginning of the book summarizes it well: “When you think of a fierce conversation, think passion, integrity, authenticity, collaboration.  Think cultural transformation.  Think of Leadership.”

Every so often the media uncorks some financial scandal that shakes the business world.  Lately, it seems like we’ve had plenty of them.  It started with the Enron scandal in the early 2000s, then the Madoff scandal, and most recently it’s Rhonda Breard, a wealth manager in Seattle’s own backyard,...

Isn’t it interesting how exceptional service can improve our lives?  It’s also funny how it can catch us off guard when it happens. Why is this true? For starters, we have gotten used to poor service — from banks to airlines to restaurants — so we don’t expect anything better.  We have...