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Human Capital
Millennials need constant feedback: Moving beyond the stereotypes
Millennials don't necessarily need hand holding but they do want regular engagement from their managers. If handled correctly this can yield strong results and efficiency.
Human Capital
Millennials are not loyal: Moving beyond the stereotypes
While millennials may not be loyal to their employers they are loyal to their work. Learn how to understand how to engage and retain these talented employees
Human Capital
Millennials are lazy: Moving beyond the stereotypes
Millennials were faced with post-secondary tuition rates that skyrocketed, but committed themselves to hard work and invested in their future with record levels of student debt. What is their reward for becoming the most educated generation?
Human Capital
Millennials are entitled: Moving beyond the stereotypes
Millennials tend to hold higher expectations about the opportunities for which they qualify than their predecessors held. They are not on a quest for handouts; instead, they tend to follow the principle of “risk and reward."
Human Capital
Myths about Millennials That Are Impacting Your Advisory Businesses: Series Introduction
We know the advisor pool is shrinking and demographics are changing. What can advisors do today to attract -- and retain -- younger employees and clients.
Human Capital
Managing NextGen Financial Professionals
In this paper we seek to acknowledge the truths and dispel the myths around the stereotypes attached to Millennials. By understanding the drivers of Millennials’ preferred work styles and expectations, we believe advisors will be better equipped to manage them.
Market Outlooks
Baby boom – Great for economic growth, but there isn’t one in sight
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At a high level, two factors drive economic growth: 1. growth in a labor force (e.g. more people working this year versus last year) 2. growth in productivity (e.g. people producing more this year versus last year). So, the basic formula for growing an economy is people + productivity = economic growth.
Behavioral Finance
Love and money
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Have you had a disagreement with a loved one recently about money? If so, you’re hardly alone. An American Express survey found money took the top worry spot among married couples (33%), far outpacing the second-place intimacy (11%), children (9%), and troubles with in-laws (4%).
Market Outlooks
It seems the jobs market has been drinking a bit of JOLT
Every month, the Bureau of Labor Statistics compiles the Jobs Openings and Labor Turnover Survey (i.e. JOLTS). The JOLTS program queries 16,000 private nonfarm businesses and government entities in the 50 states and the District of Columbia on timely employment topics, including job openings, hires, and layoffs.
Behavioral Finance
6 behaviors that predict future wealth
For many years, the prevailing advisory remuneration model has led financial advisors to look at just one variable – investable assets – when deciding whether or not to work with a client.
Market Outlooks
Welcome back, welcome back, welcome back!
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A hallmark of the Great Recession was a decline in the prime age labor force participation rate from 83% to 80%, see the chart below. While a three-point drop might not seem significant, it reflects millions of Americans walking away from the economy, giving up on ever finding gainful employment.
Market Outlooks
It’s a big birthday for the bull market, and we see a successful quest for greater gains
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Happy birthday bull market! The longest running bull market in United States history hit a major milestone last week, turning 10 on March 9. It sure has been an interesting and exciting 10 years.