As CEO of his own firm, Ken Fisher has a longstanding policy of banning the phrase “best practices,” because, he says, “best practices is a good way to get a lousy firm up to being a little bit better than average. What you really want is ‘not-yet-done practices.’ All best practices gets you to is where you’re operating the way all the other fellows are. It doesn’t give you any proprietary edge. Best practices don’t create exceptional; best practices would be very good for something like accounting, because you don’t want your accountant to do some ‘never-yet-done’ practice.”
During a BNY Mellon | Pershing webcast, he and Dynasty’s Shirl Penney also stressed the importance of SEO.
New research from EBRI and JPMorgan Asset Management compares behavior among workers with similar salaries.
Clients with a financial plan are seven times happier than those without, which suggests the added benefit planning can provide.
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