Posted on February 16, 2012 by BBancroft
Education is a large part of being an advisor at Independence. Every day there is an opportunity to educate our clients and prospective clients on our process and strategy. I’ve found the more they understand, the better relationship we have. We become a trusted advisor rather than simply an expert for hire. One educational opportunity that has presented itself recently is comparing mutual funds to separately managed accounts (SMAs).
Posted on January 12, 2012 by BBancroft
Happy New Year! I am sure we said the same thing to each other a year ago, hoping for the best 2011 possible. Twelve months later, we know 2011 wasn’t the best year in terms of returns for most investors. To put things into perspective here are 2011’s major asset class index returns and drawdowns (largest peak-to-trough declines):
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Source: Convergent Wealth Advisors
Posted on December 6, 2011 by DWolford
When I was a kid growing up in Buffalo, if my parents needed something for the house or my Dad needed a new suit, they would go to AM&A’s or Twin Fair or one of the other local department stores and put the item or items on layaway. They’d take the items back to the Layaway Department ( I say “back” because it was usually a kind of window in the back of the store someplace), and the Layaway Department would hold onto the items for us until we completed a series of payments. Then the paid-up item was ours to take home.
