We, the financial planners and wealth managers of the world, are told with some great regularity that investors are demanding “alts.” Now the word “alts” probably doesn’t mean much to you, in fact, it probably looks like a typo, or if it’s a word, it’s barely a word. Yet, “alt” is a term that encompasses a large variety of investment …
Introduction to Cecile
This is a guest post by our summer intern, Cecile Stone. Hello! My name is Cecile Stone, and I recently started as the intern here at MY Wealth Planners. I was born in Syracuse, NY, however, I moved to Broomfield, CO in 2009 and have been here ever since. I went to high school locally and am now a rising …
Firm Benchmarking
We’re rather excited to say that we’ve completed our fifth year of peer-to-peer benchmarking for our firm. The good news? The data has a lot of terrific insights. The bad news? We’ve been told by the firm that does the annual benchmarking study that under no uncertain terms, we cannot name the firm that did the study or otherwise use …
Pricing Yourself Fairly
It’s curious how much time I spend talking about the value of people’s time, or more importantly, their expertise. As a financial planner, I engage every client in a conversation at some point and often at many points, about how much they’re paid as an employee or charge as a business owner. Almost inevitably, everyone is underpaid and undercharging in …
Cruising Into Retirement
It’s not an uncommon question from clients looking to retire: Is there a way to do it a bit more gradually? More as a lifestyle than a life-stage decision? While many of our clients are delighted to retire in their 50s instead of their 60s, another part of that cohort often envisions more of a second act to their career …
Adopting the EOS System
No, it’s not “E-Oh-SS” as one word, but an acronym: Entrepreneurial Operating System; and yes, that means the title is just as redundant as saying “PIN Number.” EOS has been in the “management vogue” for the better part of the past decade, and represents a uniform system of business management, review, and role management. Generally targeted at firms with 10 …
Fire Drills & Mulligans
There’s smoke in the air, and every breath you take causes you to cough. There’s a dry crackling sound, lights are flashing, an alarm is blaring, and rain is coming out of the ceiling. Panic sets in. Where is the exit? Who else is with me? Was with me? Are they okay? It’s getting hard to breathe, and you find …
Is this time different?
In the book, “Just Keep Buying” by Nick Maggiulli, the first chapter begins with a statement: “Why saving is for the poor and investing is for the rich.” It’s an interesting declaration. I grew up in a family of savers, for the most part. Three of my four grandparents were teachers of some variety or another who retired on Pensions …
MY Wealth Planners to Become Longmont’s 135th Commission-Only Financial Product Firm
LONGMONT – President of MY Wealth Planners, Daniel Yerger, has announced that MY Wealth Planners will become Longmont’s 135th Commission-Only Financial Product Firm. “We’ve realized that fee-only is a bit too pure and conflict-free for our fiscal needs. There are dozens of mega-firms in our area who are raking in enormous profits selling life insurance, annuities, and front-loaded investment products …
Greenwashing – The Problem with ESG
Last week I had the good fortune to be invited to an event at the Burridge Center for Finance at the Leeds School of Business on the subject of sustainable investing. Presenters included Professors Asaf Bernstein & Simona Abis, and Angela Bricmont the Chief of Finance for Denver Water, which provides service to 1 in 4 people in Colorado. They all …