This week: Clients want perfection, then they whine about your fees. Well, striving for perfection is dangerous and you’re worth more than your fees. Plus, why does your probability of dying in a given day double every eight years?
“No diversified portfolio is full of winners all the time. Such an expectation isn’t just unrealistic—it’s nuts.” Yet, that is what clients seem to want.
Russell Investments does the math and your 1% fee turns out to be a great deal for your clients.
The notoriously engaging Twitter handle @GSElevator has been exposed and he’s not a Goldman employee. The good news: Goldman is lifting their ban on conversations in elevators.
We know death is approaching, but why does it like the number eight?
You’ve heard these before. Maybe you have a boss that uses them. Maybe you use them yourself.
Jay Palter is a social business strategist and marketing expert specializing in building social networks for financial professionals and wealth management firms. For more information, visit http://jaypalter.ca or follow @jaypalter on Twitter.