LOOK FOR A PARTNER? In a recent piece for the Financial News, David Wighton posited that the asset management industry is ripe for consolidation. With pressure on to increase scale and cut costs, Wighton suggests the time is now.
Look for a Partner? Read More »
Preserving and Managing Family Wealth Increasingly a Woman’s Domain A recent Wealth Management.com story notes that, according to RBC Wealth Management’s Wealth Transfer Report 2017, the responsibility of managing and preserving family wealth is increasingly in the hands of women. Among the study’s most striking findings:
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Corporations have often taken the position that when it comes to sustainability or other socially responsible issues, the costs outweigh the benefits for the bottom line. In his book Capitalism and Freedom, published in 1962, economist Milton Friedman wrote:
ESG: No Longer "Green Window Dressing" Read More »
Among the crop of new books on business and economics, some titles about behavioral economics and reform of US government institutions caught my eye.
New Books in Business and Economics Read More »
Just before International Women’s Day on March 8, a second bronze statue appeared directly opposite the famous bronze bull on Wall Street. The four foot tall girl, hands on her hips, stands with a defiant gaze leveled at the bull. A plaque at the girl’s feet reads: “Know the power of women in leadership. She makes a
Conventional wisdom suggests that the long-term is the clear path to success when it comes to investing and business strategy. However, the authors of a new study published by McKinsey demonstrate that short-term thinking is crippling the long-term success of firms. According to the study, managing for the next earnings call and making decisions based
Taking the Long View? Read More »
A recent study by a global executive search firm found that people, not technology, are the most important asset to global economic growth. Human capital represents a $1,215 trillion gain for the global economy, while “physical” capital (technology, real estate, and inventory) represents $521 trillion. These results may appear unsurprising yet need to be articulated
People, Not Machines, Pave the Way Forward Read More »
On February 3, President Trump issued a “Presidential Memorandum” that directs the Department of Labor to review the fiduciary rule that, in short, requires broker-dealers to provide retirement investors with services and products only in their best interest. I covered the DOL rule in a post here, and discussed the controversy behind it.
The DOL Fiduciary Rule: Is it Dead? Read More »
The financial services industry is slow to change. The high stakes inherent in the management of money, including the ever-present risk of decreased assets, has stilted the willingness to think outside the box in other areas. In addition, we cannot discount the fact that government regulation makes it difficult for financial services to innovate. We
Fintech: Opportunity or Disruption for Financial Services? Read More »
“Innovation is important—it solves problems today in a way that positions us to address the unforeseen problems of tomorrow.” The Rockefeller Foundation Innovation, and the creativity that fuels it, drive the success of an organization in areas such as talent retention and increased revenues. As leaders, how do we foster an environment that fosters innovation? Adam
Harnessing Innovation with Non-Conformity Read More »
