Insights

Insights


Does Asset Allocation Make Sense for You?

At Note, we frequently encounter business owners who tell us they get approached by “wealth” managers preaching asset allocation. These managers possess little information about them, their businesses, their objectives, or the headwinds they’re facing. These managers then readily preach about the importance of diversification and the investments that owners need to make. The thing…

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Who’s Got Your Back?

Have you ever explored the full meaning when someone says, “I’ve got your back?”  Is it that they’re committed to watching out for you and taking care of things that you are likely to miss? Are they dedicated to being that second set of eyes and hands for you when necessary? Is it someone willing…

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AUM vs. LUM

“What’s your AUM, Tom?” During financial industry conferences and meetings, this seemingly innocent question surfaces almost without fail. AUM = “assets under management.” To me, that question is a veiled and vulgar way of trying to find out the total assets being managed by our firm. When using the term “assets,” the person inquiring doesn’t…

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Are You Really “All Set”?

    “We’re all set”      This simple three-word phrase is one I’ve heard throughout my career, in instances that often stick in my mind. One of those relates to a couple I worked with for more than 20 years. Early on, I provided the husband with financial advice about an insurance policy, which he then purchased. Sadly, he…

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Make Sure You’re Ready

According to a recent survey, 80% of Americans say that saving for retirement is critically important. However, only 56% are actually putting money away for their golden years. In 2006 U.S. Senators Gordon Smith and Kent Conrad introduced a resolution that was passed by Congress, creating National Retirement Security Week in the third week of…

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401(k)? IRA? Both?

If you are fortunate enough to have a 401(k) or other employer-sponsored retirement plan, it can be the backbone of your retirement savings. Yet there is a good case for adding an IRA to your retirement funds as it not only provides the chance to save more, it can also offer more investment choices than in…

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What I’ve Learned and Relearned as a Financial Advisor During COVID-19

In 2011, a LinkedIn Group led by a man named Joe Paris formed The Operational Excellence Society. The society’s goal is operational excellence by design over coincidence. A significant impact of this group has been the universalization of the catchphrase “Words Matter.” It’s a simple concept that has encouraged international awareness of how the words…

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