Monthly Archives: February 2015

Robo Advisors – The Next New Thing?

Are Robo-Advisors Poised to Take Over?

Are Robo-Advisors Poised to Take Over?

You have probably seen talk of “robo advisors” in the media. The articles I have read pay much attention to the new robo advisor firms, and their sources of venture capital, but little to the potential impact on the investors they are supposed to be helping. So what are robo advisors, and how will they affect the way investment advice is provided?

Investopedia defines a robo advisor as “an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners.”  My layman’s explanation is that robo advisors automate the gathering of information from potential investors through a computer-based questionnaire, and then feed the answers into a computer based model which produces recommendations for an investment portfolio. In its purest form a robo advisor removes the need for any interaction with a human when deciding how to invest your money.

….Continue Reading

Camp David Southern Style

Rural LandThis past Saturday Nick and I ventured to rural Georgia for our annual pilgrimage to what I have come to refer to as “Camp David South.”  We were headed to the annual family meeting for one our clients.  This one just happened to be the twentieth annual meeting of the family and is held on a beautiful piece of secluded property with a lake and a forest full of wild life.  The seclusion and compound of cabins has created a retreat that the family and all of its extended members view as a special place of gathering.  While we all don’t have secluded farms for gatherings I do encourage each of you to think about starting your own family meeting.  So what exactly is a family meeting and why should I care?

….Continue Reading