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Summary: There are good books that make you think differently about the world, and occasionally great books that really make you question the underpinnings of what you think reality is. I believe the new Michael Lewis book, “Flash Boys,” falls into the latter camp.
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Summary: Half of all financial advisors feel they are at least somewhat or completely in control of their businesses and their time, leaving the other half to feel varying degrees of being out of control, according to a new FPA study. Fifty-three percent of the advisors surveyed say they are not in control of their time and 49 percent say they are not in control of their businesses, according to the 2014 Time Management and Productivity Study conducted by the FPA Research and Practice Institute. The remainders in both cases are either somewhat or completely in control.
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Summary: Advisers who feel like they've lost control of their business and don't know where the workday goes can at least take comfort in knowing they're not alone. Only one-third of the nation's financial advisers feel they are in command of their business and their time, according to a new Financial Planning Association report on time management.
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Summary: The turbulence of the Great Recession has prompted investors to seek financial advice from more than one professional, opening up opportunities for advisers, according to a new report by Cerulli Associates. Nearly 40% of investors express an increased need for financial advice, prompting the typical investor to build relationships with multiple financial advisers, according to the report.
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Summary: Women make up about a quarter of the nation's financial advisers, a pretty skimpy figure considering it is a well-paying career that doesn't require a tremendous educational commitment and offers great work-life balance, at least after the first five years or so. What's surprising is the number of professions that have just as high a percentage — or higher — of women among their ranks.
