Reaching for New Heights at Loring Ward’s National Education Conference

More than 200 Advisors and Loring Ward employees gathered at the Broadmoor Hotel in Colorado Springs last week for our annual National Education Conference. It would be impossible to share all the inspiring/interesting/thoughtful insights participants shared and heard, but here are some highlights… Continue reading

How Frequently Should We Expect Pullbacks?

blog_94Source: Morningstar Direct 2015. Max Drawdown: The peak to trough decline during a specific record period of an investment or fund. It is usually quoted as the percentage between the peak to the trough.. Past performance does not guarantee future results. Indexes are unmanaged baskets of securities in which investors cannot directly invest; they do not reflect the payment of advisory fees or other expenses associated with specific investments or the management of an actual portfolio.
I was flying back from a conference this week when the plane hit a patch of turbulence. It was an abrupt reminder that flying 500 miles per hour, 35,000 feet in the air isn’t without its risks. While the vast majority of the time things run smoothly, occasionally you may hit the preverbal bump in the road (or the air!). Continue reading

Technology and your Clients — Building Your Office of the Future

blog93 Back in 1987, I had to take a computer programming class in college. A big part of the curriculum was coding in Pascal on our school’s mainframe in the “lab.” Needless to say, going to school in San Diego and being 15 minutes away from the beach did not sync well with spending hours in the business department’s basement. So I plugged my Macintosh SE into a modem, connected to the school’s mainframe and coded away overlooking the pool from our condo…not quite the beach but better than the basement! Continue reading

Optimism Bias Can Ruin Your Financial Life and Portfolio

Blog_Ben_SteinEconomist, actor and author Ben Stein provides a blueprint for many of the mistakes investors make in his book, “How to Really Ruin Your Financial Life and Portfolio.” Rather than dissuading investors from making these mistakes, he “encourages” investors to trade frequently, believe that we can successfully pick stocks, put our money into hedge funds, etc. “In your heart, as you very well know, you are legions ahead of those average investors, and even legions ahead of the indexes,” he says.1 Mr. Stein’s “encouragement” not only playfully mocks the logic underlying many of these tactics, but also reveals insight into investor behavior that will help guide conversations between advisors and clients. Continue reading

Growing Your Business: Clarity on What Truly Matters

Blog_ClarityWe’ve often said that the role of an advisor is to offer clarity, insight and partnership to their clients. As your business partner, Loring Ward strives to provide those three things to you as well. You’re likely bombarded by a deluge of emails on the topic of practice management, and Google could yield over 3,700,000 links. So what really matters? Where should you focus your efforts in building and managing your business? Continue reading

Don’t Get Spooked by Headlines

Blog_HeadlinesThis blog is from the October issue of Portfolio Perspectives.
October is full of ghosts, goblins and trick-or-treaters, so what better topic to write about than fear? Fear, if not conquered, can be a deceiving and misguiding emotion. To show you what I mean, let me ask you a question: What do you fear more, nuclear reactors or taking a selfie? Continue reading