Monday, 23 January 2017
The Five Star Wealth Manager award program is the largest and most widely published award program in the financial services industry. Five Star Professional conducts this research to help consumers with the decision of selecting a service professional in their area. They have partnered with Twin Cities Business magazine and Mpls. St. Paul Magazine to recognize these professionals and highlight their achievements.
Monday, 09 January 2017
"...Kathleen Longo, president of Flourish Wealth Management in Edina, Minn., belongs to an all-women study group known as the Goddesses of Financial Planning.
Ms. Longo, who advises on $95 million in client assets, joined the group of about a dozen other female RIAs 16 years ago when she was still working for a larger firm.
The group, which meets for two hours on the last Friday morning of each month, was instrumental three years ago in helping Ms. Longo realize she could launch her own advisory firm.
“When I joined, I was still at a larger RIA and I thought I'd be there forever. But seeing these other women, and having the inspiration and support of this group made me realize I could go out on my own,” Ms. Longo said.
Whether the group is made up of RIAs from the same city or spread across the country, the idea of competing against each other is one of the first things taken off the table...."
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Thursday, 11 August 2016
Jay Pluimer offers examples of what to look for while conducting a 401(k) plan review in Do You Have a "Gold Medal" 401(k) Plan? Shared by The BAM Alliance, August 11, 2016
My family is getting excited about the upcoming Summer Olympics in Rio. I have a 10-year-old-daughter who is a year-round competitive swimmer and shares what's likely a common dream among young athletes to compete on the world stage. A wonderful thing about sports like swimming is that the time standards for Olympic qualification are clearly stated and communicated so every aspiring Olympian knows what it takes to swim for their home country.
Friday, 29 July 2016
Kathleen Longo shares steps you can take to ensure that the relationship with your advisor is fruitful and fulfilling in It Takes Three: Are You in the Right Relationship? Shared by The BAM Alliance, July 19, 2016
Studies show that 70 percent of women will leave their financial advisor after a major life change, such as the death of a spouse or divorce. Major life transitions bring enough stress and emotion without adding the need to find a new financial advisor or to master your finances. As women also generally outlive men, this longer life expectancy means you will at some point likely require financial counsel.
Wednesday, 22 June 2016
Jay Pluimer explains the dangers and expense of selecting the free lunch plan as an employer and insight into the benefits of hiring a fiduciary to manage your 401(k) plan "No Free Lunch and No Free 401(k) Plan" shared by The BAM Alliance, June 16, 2016
Most of us understand that if somebody else picks up the check for lunch, there is probably a catch. The old adage about there being no such thing as a “free lunch” is true more often than not. Hopefully, though, the offset isn’t worth more than the cost of the meal. When it comes to 401(k)s, particularly for small- to mid-size companies with around 100 employees or less and plan assets under $10 million, many employers select the free lunch option when they launch their plan because they want to provide a benefit for their employees but don’t necessarily want to write another check. The “catch” for this free lunch includes many of the risks associated with being a fiduciary.