For The Business Owner
The reason Golfers need Caddies, and small businesses need Financial Advisors
We are approaching one of the most popular weekends of the year—the Masters golf tournament. Where the only question more important than where you’re going to watch the tournament is what club Rory McIlroy will use when he needs to make an important shot. ... read more
Think Retirement Plan Costs Are Too Expensive?
Retirement Plan Costs (not as much as you think) It is easy to see why some CFOs, HR Directors, and even small business owners may think that their respective companies cannot afford to provide a 401(k) for their employees. When discussing the opportunity for local... read more
Economic Benefits of Local Small Businesses
According to the U.S. Census Bureau, we have close to 19,000 local businesses in our Memphis community. These companies make up a significant portion of the local economy. The home-grown businesses in Memphis not only provide our community with a... read moreFor The Non-Profit
Collaboration: The Key for Non-Profit Partnerships
Non-profits must often operate with modest means and resources. Those who work in the non-profit sector are constantly operating with limited resources for effective marketing, outreach, and raising awareness for their cause and potential supporters. However, many... read more
How a Financial Advising Firm Can Help a Non-Profit
Earlier this year I had the pleasure of attending Momentum Nonprofit Partners’ Conference – it was an insightful event, especially through the lens of someone working in finance. The speaker mentioned the term “bizsplaining”, as an act where financial professionals... read more
Is your cash reserve fund working smart for you?
Many nonprofit organizations have a cash reserve fund of which the primary objective is to take on limited risk. The secondary priority would be the amount of yield that fund is able to get. Considering these two concerns many nonprofits consider just two choices,... read moreFor The Personal Investor
Are you spending as much time following your finances as you are your NCAA Bracket?
After months of watching different college teams, listening to post-game recaps, and shocking injuries we are now in the middle of March Madness. People all over the country, young and old, have researched and formulated an NCAA bracket that they think will best... read more
What should I do?
Showcased by gains in the S&P 500 for all twelve months, 2017 was the least volatile year in the stock market since at least 1986. On the flip side, 2018 has not been so kind as evidenced by two 10% declines for the S&P 500 already this year. With this sort... read more
Are you ready to retire?
When the time comes, will you be able to retire comfortably? As retirement age approaches, many individuals belatedly review their finances to see if they can afford to stop working. However, often, these investors discover that they should have been planning for... read moreFor Cash Management
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Behavioral Biases Series
I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret, so I split my retirement plan contributions 50/50 between bonds and equities. —Harry Markowitz, father of Modern Portfolio Theory
According to an article published in Seeking Alpha, Regret Aversion “refers to the idea that investors fail to make decisions or take action because of the fear that they will regret it in the future. This bias is closely tied to errors of omission, where an error is... read more
A wise man should have money in his head, but not in his heart. —Jonathan Swift
A wise man should have money in his head, but not in his heart. —Jonathan Swift This week we are going to examine what is known as the Endowment Bias. According to a paper published in the Journal of Econimic Perspectivesby Daniel Kahneman, Jack L. Knetsch and... read more