The Practice Management Channel

Surviving and Thriving After a Merger

We have recently merged with another firm. I had a leadership role in our former firm and am finding myself sidelined in our new situation.

Hard Times: Time for the Hard Data to Catch Up to the Soft Data

Much ink has been spilled by Wall Street analysts, the media, and yours truly, about the historically-wide spread between the so-called "soft" and "hard" economic data. Before getting to my latest thoughts on the subject, some definitions are in order.


“Pull” comes from an era long gone by when they actually had real birds in cages and the shooter would say “pull” to have the cage cord pulled and release the bird. The term “pull,” however, took on a whole new meaning last Friday when Speaker Ryan “pulled” the Republican healthcare bill (H.R. 1628) from consideration.

529 Plans: An A+ Choice for Employers?

College savings plans can help companies boost their employee benefits packages.

How a $3+ Billion Firm Implemented a Successful Internal Succession Plan

Here is how a 40-something became a second-generation owner-executive of a $3+ billion firm. The two founders of the firm have retired.

The Biggest Trends in Family Wealth

Family wealth has emerged as the financial-industry topic of this decade, akin to what estate planning was in the ‘70s, investment planning in the ‘80s, financial planning in the ‘90s, and wealth management in the ‘00s. Today family wealth advisors serve 35,000 households that all together account for more than $5 trillion in assets.

Do I Need a Succession Plan if I Will Never Retire?

I don’t see myself retiring. I have two children in their mid 20s. They could take over my firm if need be. I resent my team inferring that I don’t have a succession plan. Is there a polite way to tell them to back off?

What’s the Difference between a TAMP and a Robo?

Are “robos” nothing more than the latest version of TAMPs – turn-key asset management platforms?

The Full Results from our Software Survey

The 2017 Software Survey, co-sponsored by Advisor Perspectives, Inside Information and the T3 conference, is available. On behalf of the sponsors, I want to thank the 1,064 professionals who participated. What did we learn?

Schwab Market Perspective: Teflon Market

Nothing seems to be able to phase the stock market recently. Political infighting, Presidential tweets, North Korean missile launches, oil falling below $50, European political uncertainty, higher bond yields, and the Fed raising rates: none of those forces have knocked stocks off their recent uptrend.

The Latest Look at the Total Return Roller Coaster

Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $18,453 for an annualized real return of 12.32%.

Big Machine: Why Large Caps Are Likely to Outperform

Many investors are wondering whether the stock market has come too far too fast. The latest consolidation brought the S&P 500 down only 2%, but the average stock was down more than that.

NFIB Small Business Survey: Optimism Remains High in February

The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for February came in at 105.3, a decrease of 0.6 from the previous month's 105.9, and just under its interim high. The index is at the 98th percentile in this series. Today's number came in below the forecast of 106.1.

Seven Ways to Use Live Streaming

Since live streaming is an imperative of the future of marketing, business owners must learn more about it. I’ll outline the most popular live streaming options and key ways you can use them to better reach your current and prospective clients.

When Your Boss Tells You to Work with a Coach

I am worried about a coach my boss wants me to use. Do I share my concerns and take my chances? Share very little and hope it isn’t obvious?