A buzz phrase you may hear these days is “socially responsible investing” or SRI. Here’s a quick guide to what it is, why it’s important, and the different forms of participation. SRI refers to investing with a social conscience. It’s not just about making money anymore: The SRI philosophy looks for opportunities...
A client recently asked for my opinion on Mint.com as a budgeting tool for a relative. I realized you’d likely also like to learn more about the tool. Mint.com is an organizer that gathers all of your financial accounts into one place to paint a consolidated picture of your situation. By linking...
In my last post, I talked about wealth creators--and asked if you are one. In short, wealth creators are usually new to wealth, representing the first generation in their families to have significant resources. They tend to think more about what the wealth can do for their lives--how it can enable...
This may sound sacreligious coming from the president of a company that provides wealth management services. However, it may ring true for you, for any number or reasons: Everyone seems to be a wealth manager. The term “wealth manager” has been terribly overused, causing confusion about what it means and what it...
A long-term client of mine went through a horrible experience earlier this year. Their bookkeeper stole a significant amount of money from them over several years. To add insult to injury, there was a slim chance they would ever recover any of the money. As you might imagine, this violation of trust caused a great deal of emotional damage, even though...