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Author: rafferty

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Advisors, Be Afraid: Robots May Be Coming for Your Job

21:10 15 February in Articles Written by Jon Henschen by rafferty

February 14, 2018 By Jon Henschen, as published on ThinkAdvisor “Doomsday Preppers,” an American reality series that ran on the National Geographic channel from 2011 to 2014, explored “…the lives of otherwise ordinary Americans who are preparing for the end of the world as we know it.” The movement continues today, with Silicon Valley technology executives among the latest participants in this survivalist world. A more recent documentary, “Silicon Valley's Doomsday: Prepping for An Economic Apocalypse,” shows how tech preppers are readying themselves and their families to live out a technological apocalypse in style, complete with bunkers, off-grid homes and guns. These executives are spending anywhere from $200K-400K on the low end to millions on the high end for so-called “billionaire bunkers.” Unlike the tin-foil-hat preppers of old who were concerned with a nuclear...

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Ron Carson openly poaches LPL advisors, seducing them with new tech

21:47 08 February in In the News by rafferty

February 8, 2018 By Ann Marsh, Tobias Salinger, Financial Planning In a risky recruiting strategy that could invite lawsuits, advisor Ron Carson is openly trying to lure advisors away from LPL Financial, the largest U.S. independent broker-dealer. His sales pitch includes a nationwide speaking tour, in which he tempts advisors with a new, streamlined technology platform. For more than 20 years, Carson had been LPL's top producer, but he left in early 2017 to join another large IBD, Cetera Financial Group. Now, he has crafted a personal appeal to entice other LPL planners to follow suit. He started delivering the message at the first of 13 day-long advisor workshops planned to take place around the country. "I can't tell you how great it is to talk to you, fellow LPL-ers. I've missed you," Carson says in...

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Thomas Sowell: A Beacon of Reason in a Nonsensical World

17:54 01 February in Articles Written by Jon Henschen by rafferty

January 31, 2018 By Jon Henschen, Intellectual Takeout When I hear the name Thomas Sowell, it gets my immediate attention. Dr. Sowell, recently retired from his position as Senior Fellow at Stanford University’s Hoover Institution, is an American economist turned social theorist, political philosopher, and best-selling author. Born in North Carolina in 1930, Sowell grew up in Harlem, New York. He dropped out of high school at age 17 due to financial difficulties and problems at home, but went on to serve in the United States Marine Corps during the Korean War.  Following the war, he received a bachelor’s degree from Harvard, graduating Magna Cum Laude in 1958. The following year, he received a master’s degree from Columbia University. In 1968, he earned a Doctorate in Economics from the University of Chicago. Sowell served...