Wealth Management Tips

In a corporate setting, hiring decisions are made with many layers of protection for the employer. Candidates are routinely vetted, not just for their qualifications to perform their job, but for criminal background, prior drug use, citizenship or immigration status, and driving record among other things. But despite practicing due diligence in the office environment, I have seen business leaders fall short when it comes to hiring in an even more important setting – their home.

Failure and success are thought of as opposites, one being clearly good the other clearly bad. A more helpful way to view them might be as byproducts of each other. Here’s another way to put it:  The most important component of success is failure. Like most business leaders, I want to be viewed through the lens of success instead of failure, even though many would agree that permission to fail can lead to success. But, in the business world and elsewhere, there is a stigma attached to failing, that if you fail, it is not something you do, it is who you are.

The use of technology to provide investment advice is not new, but the practice is growing significantly. There is even a term for it now, “robo-advisors.” They are not, as the name suggests, robots, but human beings who use algorithms to manage their clients’ assets. Firms who use these algorithms generally...