Welcome to our News Round-Up! Here, we’ll share with you interesting news in interesting ways, giving you a snapshot of a few of the important news headlines and events you may have missed this past week.
March 28, 2015
Quote of the Week:
- “While U.S. forces are not taking direct military action in Yemen in support of this effort, we are establishing a Joint Planning Cell with Saudi Arabia to coordinate U.S. military and intelligence support.” –President Barack Obama on the news that several Middle-Eastern countries, led by Egypt and Saudi Arabia, plan to invade Yemen in response to a recent uprising. This conflict pits Saudi interests directly against Iran’s and puts the U.S. in a precarious situation as they continue to negotiate a nuclear deal with Iran.
On Your Business:
- ‘Tis the season! Wedding season, that is. After your clients tie the knot, what’s your next move? You unfortunately won’t get to vacation with them in Puerto Vallarta on their honeymoon, but you will need to help them establish their new financial lives as a couple. Check out this article from Financial Planning featuring five tips for newlyweds regarding essential steps for planning their estate for a place to get started. After that, maybe you should plan a vacation of your own–I hear Carlsbad is nice this time of year.
On the Industry:
- It’s never been a happier time to be a young advisor. We’ve previously discussed how important it is for advisors to recruit young talent to their business. But a new study shows that young advisors don’t just make their firms happy – they make themselves happy, too. A staggering 91% of advisors under the age of forty said they’re happy they chose advising as a career, mostly because of the scheduling flexibility and salary the profession offers them.
On Technology:
- Lucky number seven. With the financial services industry becoming more and more technology-driven, advisors have to acclimate themselves to the latest tech trends as quickly as possible. InvestmentNews did some of the hard work for you and put together a list of the seven “big changes” they’ve seen in advisor tech usage. This list is a must-read if you want to stay ahead of the curve.
On the Economy:
- From the “Beast Coast” to “Best Coast.” Wall Street moguls and top financial executives are making the move to Silicon Valley, from the financial world to the tech world. Just recently Ruth Porat, CFO of Morgan Stanley, announced that she will be the CFO at Google. Not a bad transition. Her $10 million salary? Pocket change to Google. Ruth is just one of many financial execs making the move. Better yet, this means the future of the economy is in the hands of promising, young businesspeople and engineers.
On the World:
- Awful news out of France. A German airliner crashed in the French Alps this past week, killing all 150 passengers and crew members (including two Americans) on board. While the incident was originally reported as a tragic accident, it now appears that 28-year-old copilot and German national Andreas Lubitz steered the plane into the European mountain range intentionally. More details are sure to follow as the world mourns this tragic incident.
