Bethenny Frankel is cast in the national spotlight as a prolific entrepreneur, a reality TV star crowd-pleaser, a “Shark Tank” investor, and more recently as a pioneer in international disaster relief efforts that some say put the U.S. government to shame. Since she’s been interviewed by print, broadcast, and digital platforms countless times, “Advisors Magazine” was surprised to hear Frankel’s answer when we asked her, “What is the one thing that you’ve never been asked, but you wish someone would?”
“I guess, what I want,” she said.
The simplicity of her answer is juxtaposed with its depth –
A dilemma for government, professionals, and consumers
Studies show that investors cannot tell the difference between fiduciary and non-fiduciary advisors. Here’s our guide to sorting the real deal from a sharp-dressed product-pusher.Several studies show few investors can spot the difference between a fiduciary advisor’s disclosure and a broker-dealer’s. Investors, however, often fail to realize that the difference eludes them, allowing less-than-forthright service providers to take advantage of clients.
A RAND Corp. study, released earlier this year, bears this out. The study, conducted for the Securities and Exchange
- Jude Scinta
Liza Anderson PR Powerhouse: Moving The Needle
Sometimes the less people say, the more we learn about them. Liza Anderson, founder of Los Angeles-based Anderson Group Public Relations is one of those people. Her business demands that she is fiercely loyal to her clients, so whether it’s a straight-forward question or a light-hearted attempt to peek into that world, she doesn’t budge. She divulges nothing. It’s in the vault (think “Seinfeld”).
So, what did Anderson reveal during a recent interview for “Advisors Magazine? For one, she has a great laugh and it played throughout our conversation.
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Jan 16, 20:02 pm
Insights with Bethenny Frankel: Trailblazing through life.
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Jan 15, 10:35 am
Who and what is a fiduciary? Industry ambiguity leaves investors confused.
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Nov 15, 21:34 pm
Liza Anderson PR Powerhouse: Moving The Needle
Cameron Colvin’s accomplishments from youth into adulthood are impressive, and there’s no indication that his forward momentum is slowing down. So, what has propelled this former high-school star athlete who later played for the NFL, to go on to become chairman of a multimillion-dollar international real estate development company, an author, and a philanthropist? “Advisors Magazine” set out to find out during a recent interview by asking him what’s inside of him calling the plays.
“I think it was instilled in me as a kid. My mother and father passed away – I wasn’t able to live a normal childhood,
- Amy Armstrong
Financial Phobia: Conquering Clients Fears
It’s no secret that many Americans have a tough time dealing with their finances. Financial advisors have seen endless data documenting the trend and most likely they discuss these statistics with their clients – and potential clients – to help them land on the right side of the tally.
Just how serious is the impact of “financial phobia” for Americans?
Consider this:
• 44 percent of Americans say they do not have enough savings to cover a $400 emergency
• 56 percent of Americans say they have less than $10,000 saved for retirement
- Matthew D. Edward
VETS INDEXES: Supporting America's Veterans
Employers often hire veterans without fully understanding what former service members bring to the shop floor or corporate office. Traits like adaptability, integrity, advanced technical skills, and the ability to sidestep steep learning curves make veterans appealing to employers, but so can the goodwill that veteran-supporting companies generate by hiring former military personnel.
“We had been discussing ways we could give back to vets … We started the see the human factors side of investing. There’s a lot of evidence around union capital and how it’s good for business, but what about veterans?”
- Michael Adair, CFA, AIF
Tips for Advisors, CPAs, and Estate Planning Attorneys
Migrating Up Market: How to Find, Win, and Retain High-Net-Worth Clients. “How do I move up market? How do I attract and retain more high-net-worth clients?” These questions I commonly hear in conversations with financial advisors and CPAs. In my day job, I spend my time meeting with financial advisors, CPAs and attorneys across the Southeast region. For the past 30 years, my firm has partnered with advisors to manage high-net-worth investment portfolios (typically with a $1 million minimum)—particularly for clients referred to as the “working wealthy.”