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Powers of Appointment are the secret ingredient to the major advantages of irrevocable trusts and the formula that makes them work, yet the code does not do a good job of quantifying them, so we will do it for them. This knowledge makes it easier to decode documents, or design them in the first place, but also to communicate the advantages to the client and beneficiaries.
A conversation on Longevity and Your Clients with Cannon EVP and Practice Management Expert Linda Eaton
“My mother-in-law will soon turn one hundred years old. She is in good health, participates in numerous community events and is well known in our small town. A few weeks ago, my husband contacted the local newspaper and inquired if they would write a brief article about his mother’s centennial birthday. “No,” said the newspaper. Why? “Too many people are living to age one hundred that it’s no longer news.”
A conversation with Cannon Executive Chairman Phil Buchanan: Part 9
To read the financial press is to come away with the notion that all clients have deep psychological problems which create insuperable barriers to rational investing. Perhaps. Then again, people have been investing successfully for a long time and if you’re an industry veteran then you know many investors lose money because of their own folly—not yours.
The National Malcolm Baldridge Quality Award defines ethical behavior as follows:
“The term, ethical behavior, refers to how an organization ensures that all its decisions, actions, and stakeholder interactions conform to the organization’s moral and professional principles. These principles should support all applicable laws and regulations and are the foundation for the organization’s culture and values. They define ‘right’ from ‘wrong’ behavior.”
A conversation with Cannon Executive Chairman Phil Buchanan: Part 8 of 9
As a tenured FA, you will have learned through hard experience the truth of the old Wall Street saying that ‘fear and greed’ drive the financial markets. This is useful to impart to your team members who lack your experience since this classic expresses a fundamental truth of investing which no financial models work perfectly.