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.
August, 23 2014
Quote of the Week:
- “I throw my curveball like Clayton Kershaw and my fastball like Mo’Ne Davis.”
Said Little League sensation and pitcher Mo’Ne Davis when asked the key to her success. This past Wednesday’s game between Philadelphia’s Taney Dragons and Las Vegas’ Mountain Ridge set a record as the most-watched Little League World Series telecast ever to air on ESPN. And with Davis becoming the first female Little League player to pitch a shutout as well as the first Little League player ever to appear on the national cover of Sport Illustrated both just days before, it’s not hard to see what all the buzz was about.
On Your Practice:
- Feeling breathless? It could have to do with these six trends squeezing advisors’ profits. A recent interview with LPL’s executive vice president of business development, Bill Morrissey, shines a light on some of the hardships advisors are facing in the industry today. In his interview, Morrissey noted that complex investor needs, the demand for holistic planning, volatility fears, and other industry trends are making it harder and harder for advisors to stay profitable. Morrissey says improving technology to help advisors perform more quickly and more efficiently is one way to help combat these nagging trends … ahem … eMoney might be a tool to look into if you’re looking to save time. Just sayin’.
On the Industry:
- Ready … down … Invest Invest Invest! X’s and O’s are turning into $$$ signs for former and current employees of one NFL franchises. Wealthfront, the robo-advisor automated investment service, seems to have struck gold, signing a partnership with the San Francisco 49ers … (see what we did there? 49ers…gold?) … Puns aside, the 49ers have agreed to cover advisory fees on the first $100,000 invested and in turn Wealthfront will provide financial education. While beneficial in the short term, experts agree the more hands-on approach and services that go beyond just investment management, like those offered by actual human financial advisors, would likely be a better approach for these often young and suddenly very wealthy professional athletes.
On Technology:
- Let me Google that for you. Can you imagine a world without Google? We can’t. And neither can Google. The digital giant has taken yet another step to ensure Google products are the world’s default for our everyday internet experiences, as part of their secret plan to take over the world (well, we’re not sure about that last part but we wouldn’t be surprised). Adding 11 new extensions for super-browser Chrome all designed to boast our daily productivity, Google is proving once again why they’re worthy of verb status.
On the Economy:
On the World:
- “Work is the curse of the drinking classes”— Oscar Wilde. Tensions in Russia continue to have in impact on the global marketplace and this time, it’s particularly hard for some to swallow. Danish brewer Carlsburg warned that its yearly profits would be likely to decline as a result of falling beer consumption in Russia and Ukraine. According to this bbc.com article, Russian beer volume declined by between 6% and 7%, while Ukrainian beer consumption dropped 10% amid the crisis in Eastern Europe.
