This weekend, my niece graduated (distantly) from Fordham University, my alma mater. This sparked memories of my time there, where I learned the tenets of Jesuit thinking and values.
My years at Fordham instilled in me the importance of having the intellectual will to challenge established thinking and pursue new ideas.
Over the years, when I’ve challenged people’s thinking, I’ve always come away better informed by opening myself to new viewpoints. That strategy of thinking feels supremely important at this moment, and in this industry, as the time to shed hidebound habits is here.
This week, senior columnist Jeff Benjamin writes on the results of the latest InvestmentNews tech survey (Page 8). The urgency to adapt new technologies leaps off the page with this quote: “A survey of independent investment advisers, conducted from February through mid-March, found that top performers are more likely than other firms to embrace software solutions, especially core systems, including CRM, financial planning and account aggregation.”
The link between top performers and adaptation cannot be ignored, and the situation since the survey ended in mid-March underscores its importance. So this week’s takeaway — no matter your religion — is this: Think like a Jesuit.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
