Thoughts From the Finance Factory

6 Questions To Ask Your Financial Advisor

We are coming up on the time of year where people begin to evaluate their relationships and potentially consider alternatives. Before you engage a new advisor consider using these 6 questions in your evaluation process.


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A Long Term Thought

I spend a lot of time planning for the “what if” with clients. “What if” the market has an 08-like correction? “What if” I want to retire at 65? “What if” my child gets into their dream school? “What if” I die tomorrow?


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Client Tales From the Crypt

In honor of Halloween and my memories from watching HBO’s Tales From the Crypt as a kid, I thought I might share some former client mistakes that I have witnessed over the last 14 years and even share a couple of my own. These are hypothetical situations based on real life examples. The case studies are for informational purposes only and not intended as specific advice. Some details have been changed to protect the identity of individuals and all of their names are made up.


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Episode 3: Revenge of the Advisor

No matter how far technology advances, personal relationship and customized advice can never be replaced by technology, which leaves me to discuss some of the limitations inherent in robo-advisors.


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Episode 2: Attack of the PCs

Not really but I needed a catchy title in the vein of my Star Wars inspired homage.

In Episode 1, we looked at the fascinating, so called, “robo-advisors” and defined what they are. To build on onto what was laid out last time, we are going to look at what they do and who might benefit from such a construct.


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Financial Lessons of the Real Housewives

I have a confession to make. Please don’t judge me when I say this but the Real Housewives on Bravo are my guilty TV pleasure. I know it is mindless and inane but I think that is why I find them interesting. You have tons of manufactured drama, intrigue, suspense, sadness, and financial misdeeds and mismanagement. Yet, even as I watch shows like the Real Housewives on Bravo, I am continually amazed at how many people (especially faux celebrities) get bad or no advice when it comes to finance, taxes, and investing. And so, some highlights and lessons, yes even lessons from faux celebrities.


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The Other Guarantee

Everyone knows the expression of the only guarantees in life is death and taxes: While we can’t do anything to change the tax code we can make plans to help reduce the financial impact that your death has on your loved ones, business partners, and vendors.


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Your Future Called, Why Don’t You Answer?

“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You’re on your own. And you know what you know. And YOU are the one who’ll decide where to go…” Dr. Suess


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Episode 1: The Rise of the Algorithms

There has been a lot of discussion recently about so called robo-advisors like Wealthfront and Betterment. But what is a robo-advisor, really? Are there any real benefits from such, and is such a construct even legal? I am going to write several pieces looking at this issue in more detail but I wanted to hit on a few points in this piece.


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