Dr. Harry Markowitz Honored by Loring Ward

blog_harry_awardLoring Ward today awarded Dr. Harry Markowitz its Heritage Award at the firm’s National Education Conference in San Diego. Markowitz, best known for winning the Nobel Prize in Economic Sciences in 1990 for his work on portfolio selection, has served on Loring Ward’s Investment Committee since 2010.
According to Loring Ward’s CEO, Alex Potts, “Our firm has drawn on the research and powerful insights of many leading academics to build our Asset Class Investing portfolios, but no one has had a larger and more wide ranging impact than Dr. Markowitz. We are so privileged to be able to honor his lifetime of contributions to financial services, and to recognize his impact on millions of investors.”
Continue reading

Building Stronger Relationships via Your Digital Ecosystem

Two big revolutions have occurred in marketing in recent years:

  1. Marketing has moved from being an art to becoming a science, with an ever-increasing ability to pinpoint the effectiveness (or failure) of marketing campaigns and initiatives.

  3. There has been a broad move away from product to experience as the key differentiator. As McKinsey Quarterly noted in 2011, “Customers no longer separate marketing from the product — it is the product….In the era of engagement, marketing is the company.”

At Loring Ward’s National Education Conference at the end of September, we will look at what these two revolutions mean for financial advisors and how they establish and nurture client relationships across the digital spectrum, from websites to social media to CRM systems. Some digital ecosystem best practices to keep in mind: Continue reading

Special Investment Committee Report — FAQ on Brexit & the Markets

What was “Brexit” and why did it happen?
Brexit (short for “British Exit”) was the nickname given to the movement to persuade the British government to pull Britain out of the European Union (EU). A nationwide referendum — only the third in modern history in Britain — took place on June 23, 2016, and by a close vote of 52% to 48% British voters asked their government to negotiate a deal to leave the EU.
The idea of creating a single, common market across Europe began in the aftermath of World War II. A slow effort, but by 1993, a single market was created covering 28 countries. Borders were opened and visas for travel and work permits abolished. An important milestone was the development of the European Monetary Union in 1999 which, by 2002, had converted 19 of the 28 countries (defined as the “eurozone”) over to a single currency, the euro. Britain was a party to the EU, but it did not choose to participate in the eurozone, and thus preserved its use of its home currency, the pound.
While Britain, like most of the other EU countries, benefited economically from a common market, Britain has never been as comfortable with some of the political aspects of the EU. Long-term immigration trends and their recent acceleration under the EU have stoked strong nationalist feelings in Britain, leading to the political movement to exit the EU.
Click here to read the full report

Welcome to Advisor Insights Blog

Welcome to Loring Ward’s Advisor Insights Blog! Our intent is to make a real difference for financial advisors, with timely, concise ideas on how to better serve your clients and grow your business.
Most of us fill just about every minute of our day, as if being busy equals being productive. But if those spaces are always filled, we have no room for spontaneity, imaginative problem solving, planning, dreaming.
So our commitment to you is that we’ll respect your white space and strive to post only thought-provoking perspectives that challenge conventional wisdom and rote practice. We want to help you Continue reading