Millennials grew up in a different world than the Baby Boomer and Gen X generations. Their experiences are very tech based but not dependent. They want what everyone wants – great service at the right price. Information is not the holy grail but rather knowledge and wisdom scrapped from that information. All companies need to learn about the younger generations perceptions of their products and services. They will have real buying power shortly. Read more...
Strip away market gains, and most advisory firms grow at just 0–3% annually. Jerry Michael, President of Smartleaf, argues the barrier to double-digit growth isn’t technical capability—it’s psychological. Firms that embrace deep operational change report dramatic results: doubled efficiency, quadrupled account sizes, and business doubling every two years. But transformation requires what one client calls “getting comfortable being uncomfortable.” The question: will firms step out of comfort zones before the next downturn exposes their weaknesses?
Two months into the year, the S&P 500 Index has gone nowhere.