Creating a trust requires people to surrender control of that wealth to someone else. For those who worked hard for the money or simply withstood the temptation to spend every dollar, handing the assets over to the trustee represents a tremendous leap of faith.
Agency trustee services solves that problem.
The dirty business of asset management is an open secret.
Asset management firms research, buy, and sell marketable securities. Financial planners and wealth management firms allocate investors money to asset management firms. Asset management firms, like BlackRock, grow revenue every year.
Clients' must know more about the dirty business of asset management. Generally speaking, financial advisors have the tools to weed out the bad ones.
As the financial world lurches up and down, progress continues in the trust industry. With vision and an advisor focus, independent trust companies continue to unseat the traditional trust company.
Recently, we had a silly dispute on our weekly marketing call, Advisor vs Adviser, that sent us down a rabbit hole. It started with an argument on whether or not our recent email had spelling errors.
"Pretty sure its ER"
"It says OR in the company name, it's OR"
"Google says its ER"
panic.
This led to several more searches and our marketing team asking more questions. But, we got an answer:
Technically, Advisor vs Adviser means the same thing when describing financial services.
Regulators use the term Adviser to describe the process of providing investment advice. Comparatively, we view the term Advisor talking about the general description of financial advisors. Which made us think, could this make a difference in your marketing?
Monday, President Trump's nominee for the new Fed Chairman Jerome Powell exceeded expectations from investors.
If confirmed, Jerome Powell replaces Janet Yellen as the new Federal Reserve Chairman. The markets expect a smooth path to Mr. Powell's nomination. The direction of interest rates, asset values, and financial regulation rest with new Fed Chairman Jerome Powell.
However, the answer everybody wants to know, does the new Fed Chairman follow President Trump's or our wishes?
Kids that code do not have a sure-thing future.
However, over the past 15 years, parents have really pushed their kids to learn how to code. Unfortunately, parents who believe coding is the future are driving through the rearview mirror and asking the wrong questions.
To summarize, some parents believe coding skills will lead their children to a secure future in the tech industry. In reality, kids who want a forever-career in technology need creative thinking with logic and linear algebra skills.
Those skills are more important than coding because they will allow kids to adapt to future unknown tech needs.
In this blog post, I will walk you through the process step by step through picking a trustee with a few little surprises so you can choose the right one.
The recent tax reform proposal, introduced yesterday, has both some pretty big winners and losers.
In the first place, the bill, Tax Cuts and Jobs Act, is 429 pages and surprisingly lean. Of course, this kicks off the negotiations with both sides of the aisle and special interest groups.
Millennials will challenge you. This is a good thing. If you don't adapt to different generations, wants and needs, you have a fuzzy problem. Traditional companies have a hard time marketing to millennials and Gen Z-ers.
In our opinion, we believe corporate America generally misses the mark on how to market and to service these two generations. We admit our corporate trustee services are boring, though important.
Despite this, we are enjoying the process of adapting to the most engaging way to service these younger generations.
Some find it challenging to adapt. Frankly, that is the fun part of the business.
Nobody likes dealing with a traditional rigid trust company, we get that. At Wealth Advisors Trust, we make trust administration painless and hassle-free.
Visit us at our booth and learn how we can make your life easier!
