A Brief History of… the Financial Services Industry
What is a financial advisor?
Do they hang out on the floor of the stock exchange?
Do they sell insurance?
Do they need to be plugged into their charging station at the end of the day?
The Financial Services Industry has change A LOT over the last 50 years.
Let’s look at the 3 major shifts in the way that mass affluent and high-net worth consumers have been served, as well as a look ahead to what is likely the 4th major iteration of advice in the coming decade, including the integration of Artificial Intelligence.
Compounding Explained in a “Not Boring Way”
It sounds like a word they would use on a farm.
As in, “I’ve got some compounding to do down on the back forty so I won’t be able to shuck corn with ya this afternoon”.
In reality, compounding is just one more of those financial terms that many have heard, but few can explain. The first thing you should know about compounding is, obviously, that it is fun to say. The second thing you should know about compounding is that it can be both a force of good and a force of evil in terms of your finances.