Good journalism not only educates and informs, it challenges the reader to rethink previously held beliefs. The best journalism leads the reader to change their behavior, based on insights from wise people who’ve done their research and connected the dots between facts that aren’t immediately obvious.
Many pieces in this issue of Investment Advisor meet those prerequisites, I’d argue, but three in particular stand out: Ben Warwick’s cover story, Olivia Mellan’s feature and Mark Tibergien’s column on older advisors.
As is an editor’s standard practice, I assigned the story on alternatives investing to Warwick based on what I considered an interesting angle: Some studies I’d seen suggested that even sophisticated HNW investors still didn’t understand what alternatives were. He had a few ideas of his own based on his personal insights and experiences. Then he talked to a number of advisors, and the story took a different turn. In the journalism business we have a saying that you should always “let the reporting lead you.” That is, you may have what you think is a good angle for a story, a good thesis, but you have to test that thesis by doing research, including talking to experts in the field. The experts in this case are your peers, who shared how they evaluate and use alternatives for clients; Warwick will be writing more on how and why advisors use alts for clients during August on ThinkAdvisor.com.