The Next Generation Wealth Manager

Posted by Jon Robinson on 7/25/19 9:44 AM

At Blueprint, we spend a lot of time articulating the ‘why’ behind our systematic, process-driven investment approach. Our communications with advisors frequently emphasize behavioral finance because we believe that having a transparent process and educating our partners about exactly what to expect leads to better investment outcomes for their clients. Today’s note focuses on another, equally emphasized subject of our writings: advisor practice management. Please read on.

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Topics: Advisor Practice Management, Transparency, Systematic Investing

Motivation or Discipline

Posted by Tommy Mayes on 7/11/19 9:43 AM

(750 words and approximate reading time 3.5 minutes)


Which is more important?



How many times have you stopped and considered the real meaning of words used every day? More importantly, how often do you challenge your own notion of that meaning by looking it up? Recently, I heard a friend and father I respect tell his son that discipline is more important than motivation.  He said, “Motivation can come and go, but discipline will take you where you must go, even when you are not feeling very motivated”. It was compelling enough to write down, and consider not only the meaning of the words but also the implications. It is great advice, and I thought I would share what I found. Read on.

 

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Topics: Advisor Practice Management, Behavioral Finance

Process vs Outcome

Posted by Jon Robinson on 6/20/19 11:23 AM

In 1931, the New York Times, celebrating its 80th birthday invited eight American innovators to predict what life would be like in 80 years. Among them, Dr. William Ogburn, a sociologist, predicted that "people will become more nervous and mental disorders will rise for a time, but by 2011 mental hygienists will probably have the upper hand.” W.J. Mayo, the founder of the Mayo Clinic, said that by 2011, the average life span, then only 54, would rise to 70 (it was 78). As we have written before, market predictions are generally useless even when correct. Why is there such a fascination with predictions to begin with?

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Topics: Behavioral Finance, Systematic Investing

After the Bull Run?

Posted by Jon Robinson on 6/6/19 9:56 AM

In 2009, few could have imagined a 10-year bull market, the longest in U.S. history. To the delight of multitudes of investors (those who remained invested anyway), here we stand, giddy from experiencing record-high stock prices and record-low volatility.

But will it last?

Research shows that two-thirds of institutional investors believe the bull market in stocks will reach its end this year. Further, they expect the next financial crisis to come in one to five years, according to a Natixis survey.

The eternal question for financial advisors:

How do you instill discipline in clients when they face emotionally charged environments?

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Topics: Advisor Practice Management, Behavioral Finance, Systematic Investing

Emotional Intelligence - Introvert or Extrovert?

Posted by Tommy Mayes on 5/20/19 3:59 PM

Approximate Reading time: Three minutes and 30 seconds

Recently I was listening to an excellent podcast (link here) in which Michael Kitces was interviewing Manisha Thakor (founder of Money Zen) about building your own media brand in an authentic way. Yes, that is a buzzword-filled subject, but I was curious. For at least the first 30 minutes or so, they talked at length about being introverts, surprising given that they make their living speaking in front of people and both have huge relationship networks. This conversation spoke to me, as I am an introvert, so I thought I would share a few observations and recommend some followup reading. Enjoy.

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Topics: Advisor Practice Management

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