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Financial Professionals

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The Cobbler’s Children Paradox Affects Financial Professionals Too

The cobbler’s children have no shoes and financial professionals (private equity professionals, investment bankers, asset managers) have no financial plan. This paradox seems to consistently plague the individuals I meet who work in the finance industry. One would think that those in the industry are buttoned up in terms of their own financial needs; however, […]

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How and When to Invest That Bonus Money

To invest or not to invest? That is the question. For financial professionals (private equity professionals, investment bankers, and asset managers) this question surfaces on an annual basis as bonuses are paid. After determining your saving priorities, a decision must be made about how to deploy the cash. Since bonuses and carry are such a […]

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Wealth Watch

Picking Up Pennies

In investments, there’s not much more boring than cash.  Sure, it provides immense comfort when the markets go south, but in the long-term, cash is the piece of your portfolio which is basically set up to fail versus inflation.  By that measure alone, it’s exposure should be limited. Even so, cash still plays a critical […]

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What Do Financial Professionals Do With That Legacy Whole Life Policy They Own?

“What do I do with this whole life insurance policy I have?” I am constantly asked this question when I work with financial professionals (private equity professionals, investment bankers, and asset managers). Within this industry, a lot of professionals are sold this policy early in their career to protect a budding family and save money, […]

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Wealth Watch

Annoying Averages

Growing up in school, no one wants to be average.  From the start, averages are ingrained into us, and behaviorally, we always want to be better than average in everything we do.  Take this question: Are you an above average driver?  My guess is you’d answer yes.  And I’d venture to say that more than […]

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Your Beneficiary Designations – Are They Correct?

Beneficiary designations are an extremely important component of an estate plan.  They are found on many types of assets such as IRAs, 401Ks, life insurance and annuities and designate who receives the asset after the account owner passes away.  The primary advantage of a beneficiary designation is that asset ownership transfers without the complexities and […]

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Wealth Watch

Chasing Performance – Six Examples to Learn From

Who doesn’t like a story? With investments, a good story almost always accompanies chasing a hot investment. In our view, chasing performance is a dangerous game and extremely difficult to win. When it comes to investing, we believe there are no shortcuts. Higher returns equal higher risk and a greater chance of loss as a […]

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Wealth Watch

The Pluses and Perils of Private Equity

As investors, there are a plethora of investment options out there and it’s important to keep track of them.  Not to chase investments or a story, but to watch how things change, what data becomes available, and when something that might not have been an investment for you looking backward should become an investment looking […]

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Smoothing Out Lumpy Cash Flow

Receiving most of your compensation in a few large paychecks is exciting to finally see in your bank account. But it causes a lot of headache when juggling cash flow for the year ahead. Financial professionals (private equity professionals, investment bankers, and asset managers) struggle with this problem given the industry’s compensation models. Investment bankers, […]

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News

InvestmentNews awards BDF 2019 Best Places to Work for Financial Advisers

Balasa Dinverno Foltz LLC has been recognized as a 2019 Best Places to Work for Financial Advisers as announced by InvestmentNews April 1, 2019. BDF was chosen as one of this year’s top-75 based on employer and employee surveys delving into everything from company culture, benefits, career paths and more. InvestmentNews partnered with Best Companies Group, an independent research […]

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Tips for Buying Travel Insurance

With Spring Break on the horizon, many families are hustling to pack their bags, load up the family mini-van, and get out of Dodge for the week. And if they’re really in a hurry to escape the never-ending Midwest winter, hopping on the first flights out to the beach. With all of the planning that […]

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Wealth Watch

Active vs Passive, Still a Battle?

A battle has been raging on for the better part of 25 years within the financial community. This battle has come to be known as “Active vs Passive”. For first time readers who may be scratching their head, what exactly is Active and Passive? Let’s dive in deeper: What is Active and Passive? Active Management, […]

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