From the June 2009 issue of Investment Advisor • Subscribe!

Now and Then

Sidebar to Angie Herber's Column "Letting Go"

Bob Reed's decision to build a firm that allowed all its employees to exercise their abilities has led to growth in assets under management and in revenue even during this grinding recession, and to better portfolio performance because Bob can concentrate on that ability of his rather than on running the business. But in addition to the improved financial and portfolio results now, there's a more long-lasting benefit. Because the firm is composed of a team of folks all taking responsibilities for their own jobs rather than being Bob Reed's one-man show, Personal Financial Advisors is undoubtedly more valuable as a business, which may come in handy for Bob in the future.

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