In October, Michael Stalker, Doug Lyons, and Joe Paul – our new consultant to families with businesses – traveled to London for the annual conference of the Family Firm Institute (FFI), an international organization for family business advisors and family wealth advisors – including attorneys, accountants, management consultants, financial advisers, insurance brokers, and therapists. The […]
As I prepared these comments, a large failure happened: IndyMac was taken over by the FDIC. Earlier this year, medium-sized ANB Financial, N.A. (Bentonville, Arkansas) failed. That failure struck close to home because we had purchased an ANB CD for a client. The client will come out more than whole because the CD was purchased
The primary reason I joined MCS was because its culture and philosophy emphasize not only responsible asset management and long-term planning, but equally the freedom to enjoy spending. That’s right, to enjoy spending. Earing, accumulating, and preserving principal are noble and necessary steps, but once the “game has been won” we often see clients exhibiting
These changes are unprecedented and will ultimately represent some excellent investment opportunities. Nevertheless, because the changes also impact your holdings you should know what to expect going forward. Economic BackgroundThe housing market meltdown that we forecasted and discussed at length in previous newsletters continues to plague financial institutions. The losses are so significant, they are
Schwab and the SIPC have you covered With current market conditions resulting in large losses at Merrill Lynch, UBS, and the recently bailed out Bear Stearns, investors are understandably wary about the financial condition of their brokerage firm. For this reason MCS feels it’s important to address two questions that may be on your mind.
We have posted this pamphlet to help you understand the differences in the qualities of services provided by people that claim to be different levels of financial planners. The pamphlet is a great resource in helping you distinguish what level of financial services you should expect and how to determine what a planners credentials mean.
The sale of a business, a divorce, inheritance or retirement marks major turning points in someone’s life. Wealth is in transition; its purpose is likely changing. The financial adviser plays a critical role during these times. The term ‘financial adviser’ is a generic expression applied to a variety of financial industry service providers. Stock brokers,
A major earthquake, in the form of the sub-prime mortgage crisis, has unleashed a tsunami that will engulf most residential housing markets and have significant repercussions for the economy in general. One big cause of the disturbance can be traced back to financial engineering, in the form of exotic mortgage backed securities and E Z credit
MarbleWorks® is a construction toy where a variable structure of chutes and curly-qs is built in a tower-like structure, and then a handful of marbles is poured through. The marbles tumble along the player-built paths, arriving at any number of receptacles at the bottom. Some marbles may quickly reach the bottom, while others get delayed
We would like to more fully promote the same process at MCS Financial Advisors. Since we are looking to gradually expand our family of clients, we could think of no better way to do this than to invite members of our current client family to help. Do you have friends or relatives who are frustrated