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Articles Written by Jon Henschen

Corporate Safety in Cities: Some Get it, Some Don’t

13:53 17 October in Articles Written by Jon Henschen by rafferty

October 14, 2022 By Jon Henschen, American Thinker Prior to the George Floyd incident, the thought of safety would rarely have occurred when executives visit a company as part of the vetting process for both sides. Clearly, the concern for safety has changed in many cities.  My wife and I use to do date nights to Minneapolis Uptown area on a monthly basis, but the George Floyd riots changed this part of Minneapolis permanently. Buildings are still boarded up and many of the restaurants we frequented are no longer around. The primary reason we now stay clear of many parts of Minneapolis is that we don’t feel safe.  Murder rates are at all-time historic highs and all other crimes are way up.  Historic police exodus in Minneapolis and other cities impacted by racial...

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Is It The Right Time to Check Out These 4 BD’s?

14:38 21 September in Articles Written by Jon Henschen by rafferty

September 20, 2022 By Jon Henschen, ThinkAdvisor  In the spirit of the show “Comedians in Cars Getting Coffee” — which features Jerry Seinfeld matching a car from his collection with a comedian he’s taking out for coffee — I decided to match up watches with four of my broker-dealer clients. One of my outside interests is watch collecting, specifically watches in the $500-$5,000 price range. And, like with broker dealers and RIAs, I’m continuously seeking out combinations of quality and value in the watch world. I found this pairing exercise to be very revealing in terms of the key qualities that advisors may want to look for in their broker-dealer and in their timepieces. Read on for details on four interesting watches and four BDs, all of which I keep up with and are part of my...

How To Irritate Advisors: Tell Them Where to Invest

19:15 07 July in Articles Written by Jon Henschen by rafferty

July 1, 2022 By Jon Henschen, FA Financial Advisor At least once a quarter, I have a conversation with a manager at a hedge fund, mutual fund or private equity firm who’s doing research on independent broker-dealers. One hedge fund manager recently asked me the reasons broker-dealers tell advisors where they should place clients’ assets. The manager was under the impression that B-Ds did it for compliance reasons. It's true that broker-dealers have parameters for how much their advisors can invest in different investments. For example, they might limit 5% of their clients’ portfolio to alternative investments or REITs. But mostly their reasons for moving assets around have nothing to do with compliance and everything to do with increasing asset flow to their largest profit centers. One of the main reasons advisors leave wirehouses...