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Are Clients Trading Behind Your Back?
This week, advisors4advisors.com highlighted an article from the New York Times about the website KaChing.com. KaChing.com just released a new feature where users can set up brokerage accounts and connect the accounts to trading strategies executed by professional money managers.
This rekindled a thought I had several years ago when evaluating revenue models for independent advisory firms. By far the most popular revenue model is charging a percentage of a client's assets under management (AUM). So no matter what services the client receives in a given year, the price the client pays i
Financial Planning Gets Wikified
One minor announcement came out of this year's Financial Planning Association annual conference in Anaheim this week that didn't garner much media attention from the big outlets (InvestmentNews, Financial Advisor, Financial Planning, etc.), but I think the announcement presents the opportunity to drastically change the dynamic of the financial planning industry.
What's the announcement?
Wall Street Journal Launches Financial Advisor Blog
On August 27, The Wall Street Journal launched a new blog targeted to financial advisors and wealth managers. The blog debuted with several relevant stories including broker defection from wirehouses, loyalty of high net worth families, and revisions to FINRA's fee-collection model.
Click here to read the WSJ Financial Adviser blog.
Google vs. Bing: Reinventing Search
This is a quick post on developments in the search engine space. This advisors4advisors article link talks about Google's infusion of "caffeine" updates to speed up indexing and improve results. This is likely a response to the introduction of Microsoft's Bing search engine.
If you're like me, you don't want to spend much time searching. Browsing the Internet is so 1990s.
I want a "find" engine, one that gets me the information I want as quickly as possible. Here's a tip how can you compare the two search engines to determine which one works best at finding information for you.
Think Like a Search Engine
In the Technology Commentary article "Splash Pages Not Making the Right Waves," I provided several reasons why it's important that a website's main page have text content present. Text on the main page allows search engine web crawlers or "spiders" to identify what the page (and more importantly, the entire website) is about. Without text to evaluate, search engine spiders move on to other websites, skipping the current site altogether.
So what kind of information should go on the first page of a website?
