*Note: This is Part 1 of a two-part series (part two here). Come back next time on the Cordant blog, where we’ll reveal four steps to overcoming the psychological barriers associated with too many choices. To receive helpful posts like this directly to your inbox, sign up for our free newsletter! Too much to think about Too much to figure... Read More
Bill Gross (a.k.a. the “Bond King”) is one of the most successful investors of his generation. He co-founded PIMCO (a bond investment company) in 1971 with $12 million in assets to manage… and prior to his departure in late-2014, the company had grown to more than 2,000 employees and over $1 trillion (yes, trillion with a “T”) in assets managed.... Read More
At first glance, a performance-based fee structure does seem to make sense. Incentivizing your advisor to maximize returns has some apparent advantages.And after all, why should you pay a fee when your account is down? Accountability to results is a big part of what we believe here at Cordant. But there are a few reasons why we don’t charge our... Read More
I recently watched a TED Talk by Intel Futurist Brian David Johnson. In the talk, given at TEDx Wall Street, he talks about how we as humans interact with machines—calling their ability to make us healthier, happier and more productive “awesome.” However, his optimism about the future of machines was “shaken to its core” on May 6th, 2010—when the Dow... Read More
In a recent news story, a large advisory team at a major brokerage firm was fired for what is known as “selling away”. For those of you that aren’t familiar, "selling away" is a securities rule that prohibits employees of brokerage firms from soliciting customers to buy an investment that has not been approved or vetted by their firm. Seems... Read More
A Case Study: John and Cathy are in their 50s, and have begun to think about retirement. They have four children – one of whom, Matthew (age 25), suffers from a disability. The disability is not pronounced enough for Matthew to need full time care. In fact, for many years John and Cathy have been working hard to help him... Read More
Some decisions in life (like choosing a grocery store) do not require a great deal of thought. These choices are relatively minor, and typically a product of convenience. On the other hand, some decisions (like doing business with a new business or firm) are much more substantial, involve in-depth analysis, and a level of mutual trust. That’s because unlike a... Read More
Online security has been a hot topic of conversation lately, and it’s easy to see why. It seems like every week we’re hearing a story about another breach, and many people are becoming wary about the accessibility of their financial information. It’s hard to forget mega retailer Target Corp.’s recent data hack, deemed one of the biggest cybercrimes of all... Read More
We’ve shared a bit about the story of our business - but my personal journey is not as widely known. The fact is – before founding Cordant in 2010, I spent almost 10 years at a major Wall Street firm, as a Wealth Advisor and (later) Senior Vice President. Many considered my time there successful - I built a strong... Read More
