Blog Entries by James Carney, CEO ByAllAccounts

Get the Data on Retirement Account Performance – and Dare to Compare!

By James Carney, CEO ByAllAccounts on Tuesday, June 7th, 2011

When it comes to performance reporting, I’m reminded of those vision tests in the eye doctor’s office where you have to put your hand over one eye. You’ve only got half your vision, which is precisely the case when advisors report on managed account performance, but not on retirement assets. An important part of the picture is “dark,” and no matter how well you report the managed assets, the overall view is incomplete...Read More »

So You Call Yourself a Financial Advisor…Would Investors Agree?

By Amy McIIwain, President, Financial Social Media on Wednesday, March 30th, 2011

Amy McIIwain, President, Financial Social Media

Pending the congressional decision on the establishment of a common fiduciary standard for all financial advisors, at least for now, being a financial advisor does not necessarily mean being a fiduciary. From an industry standpoint, that is. I did an ad hoc survey last weekend at a group gathering with friends outside the financial services industry, and it was interesting to find that, by description, what we in the industry would refer to as "adhering to the fiduciary standard", many investors would simply call "being a financial advisor". With this discrepancy in books between advisors and investors where the definition of "fiduciary" in ours appears next to the word "financial advisor" in theirs, from the investor's point-of-view, anyone with the title "Financial Advisor" on their business card is inherently expected of the following.....Read More »

Top 3 Standouts from the 2011 T3 Annual Conference

By James Carney, CEO ByAllAccounts on Friday, February 25th, 2011

Each year, industry professionals flock from all over for the T3 conference--the altar at which the marriage of technology and financial planning is honored in an annual renewal of vows. With so many new innovations and changes in the marketplace occurring this past year, the 2011 conference was like a boiling pot for practice management and technological integration. The following are what I consider the top 3 standouts stirred from the conference:..Read More »