Last week I talked about account minimums in financial services. My stated concern was that 80-85% of the US population doesn’t have access to independent, objective advice from a qualified fiduciary to answer their questions. I believe this is a problem, and I believe the problem is solvable.
Most professional services firms ultimately have to wrestle with the issue of client minimums. Solo providers or very small silo firms may avoid it for a while, but every firm that grows (which is, every firm that is any good at all) will eventually need to increase their minimums. This has always bothered me.
The problem with accepting the standard definition of “Risk” is that it is literally devoid of a critical aspect of personal finance – TIME! When we add time to the analysis of risk, a different risk definition is born. Think of the next 30 years of your own life. What do you want your money to be able to do?
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“The question pounds my head, ‘What’s a Lifetime of achievement? If I pushed you to the edge, but you were too polite to leave me." I can’t get the lyric out of my head. As I grow and age, it's a good thing that new realizations lead to change.
Last quarter, our Advisory Council let us know that we should be more vocal about our work. So, here is a quick summary of our last year...
![[VIDEO] Heartrepreneur Radio | How to Mindfully Manage Your Money in Times of Crisis with Jonathan K. DeYoe Thumbnail](https://static.twentyoverten.com/5e9f480983e780693cad849b/eSpZawBXZz-/Capture.JPG)
Terri Levine of Heartrepreneur Radio interviews Jonathan DeYoe, bestselling author of Mindful Money.
Gresham Harkless, Jr. of the I AM CEO Podcast Interviews Jonathan DeYoe, best selling author of Mindful Money.
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