JMF Capstone Wealth ManagementInvestment News – JMF Capstone Wealth Management https://www.jmfcapstone.com An Alabama registered investment advisor Fri, 21 Nov 2025 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 ‘Fiduci-what?’ Most clients don’t know what the fiduciary duty really means https://www.jmfcapstone.com/2016/05/02/fiduci-what-most-clients-dont-know-what-the-fiduciary-duty-really-means/ https://www.jmfcapstone.com/2016/05/02/fiduci-what-most-clients-dont-know-what-the-fiduciary-duty-really-means/#respond Mon, 02 May 2016 09:00:53 +0000 http://evolvemypractice.com/?p=2739 Earlier in my career, I switched firms. The change meant I left a position where I couldn’t legally call myself a fiduciary. But at the new firm, I was required to be one. I was super excited. Finally, I could tell my clients just how great it would be for me to act as a...

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]]> Earlier in my career, I switched firms. The change meant I left a position where I couldn’t legally call myself a fiduciary. But at the new firm, I was required to be one. I was super excited. Finally, I could tell my clients just how great it would be for me to act as a fiduciary.Boy, was I wildly disappointed.The discussion went something like this. “Guess what? I’m now legally required to put your interests first.” The silence was deafening. But when I dug down, I discovered my clients already expected me to provide advice that put them first. So, yeah, good for me that I was a fiduciary…

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]]> https://www.jmfcapstone.com/2016/05/02/fiduci-what-most-clients-dont-know-what-the-fiduciary-duty-really-means/feed/ 0 Searching for the perfect investment is counterproductive for clients https://www.jmfcapstone.com/2016/03/14/searching-for-the-perfect-investment-is-counterproductive-for-clients/ https://www.jmfcapstone.com/2016/03/14/searching-for-the-perfect-investment-is-counterproductive-for-clients/#respond Mon, 14 Mar 2016 09:00:24 +0000 http://evolvemypractice.com/?p=2657 Have you ever had a client who’s really used to being in control? I had a client like that once. He was a great guy and a friend who also happened to be a super-successful entrepreneur. For him, when he wanted something to happen, he made it happen.One day, he was frustrated and said, “I...

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]]> Have you ever had a client who’s really used to being in control? I had a client like that once. He was a great guy and a friend who also happened to be a super-successful entrepreneur. For him, when he wanted something to happen, he made it happen.One day, he was frustrated and said, “I don’t understand why you can’t just do your job.” More than a little confused, I asked him what he meant. “Well, your job is easy. I just want you find the best investment before it goes up and sell it before it goes down.”I’m betting you’ve heard something similar from at least one…

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]]> https://www.jmfcapstone.com/2016/03/14/searching-for-the-perfect-investment-is-counterproductive-for-clients/feed/ 0 Clarify what diversification really means, and why it matters https://www.jmfcapstone.com/2016/02/08/clarify-what-diversification-really-means-and-why-it-matters/ https://www.jmfcapstone.com/2016/02/08/clarify-what-diversification-really-means-and-why-it-matters/#respond Mon, 08 Feb 2016 09:00:48 +0000 http://evolvemypractice.com/?p=2575 When you sit down with a client for the very first time, what happens when you start talking about diversification? I’m betting you talk about picking a mix of investments, like stocks and bonds, maybe even some cash or real estate. You probably even discuss risk (another fun word). But I’m betting that most of...

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]]> When you sit down with a client for the very first time, what happens when you start talking about diversification? I’m betting you talk about picking a mix of investments, like stocks and bonds, maybe even some cash or real estate. You probably even discuss risk (another fun word). But I’m betting that most of your first-time clients leave not understanding why diversification matters.It’s no huge surprise. After all, the talking heads on TV tend to focus most of their commentary on individual investments, like owning stock in Apple or buying a Treasury bond. If diversification does get…

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]]> https://www.jmfcapstone.com/2016/02/08/clarify-what-diversification-really-means-and-why-it-matters/feed/ 0 Correcting the adviser-client disconnect over the definition of risk https://www.jmfcapstone.com/2016/01/25/correcting-the-adviser-client-disconnect-over-the-definition-of-risk/ https://www.jmfcapstone.com/2016/01/25/correcting-the-adviser-client-disconnect-over-the-definition-of-risk/#respond Mon, 25 Jan 2016 09:00:34 +0000 http://evolvemypractice.com/?p=2528 When we say the word “risk” to clients, we’re most often thinking of technical things. Like volatility or standard deviation. But when clients hear the word “risk,” they’re thinking of the chances they’ll run out of money or fail to meet an important goal.That’s a big disconnect, and super frustrating for both you and your...

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]]> When we say the word “risk” to clients, we’re most often thinking of technical things. Like volatility or standard deviation. But when clients hear the word “risk,” they’re thinking of the chances they’ll run out of money or fail to meet an important goal.That’s a big disconnect, and super frustrating for both you and your clients. Clients absolutely need to understand what we mean by risk because it can affect decisions and goals. So how do we fix the disconnect?First, we need to help clients understand what we’re really talking about when we say risk. Don’t be afraid to drop the technical…

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]]> https://www.jmfcapstone.com/2016/01/25/correcting-the-adviser-client-disconnect-over-the-definition-of-risk/feed/ 0 How to prevent clients from making a classic behavioral investing mistake https://www.jmfcapstone.com/2015/12/28/how-to-prevent-clients-from-making-a-classic-behavioral-investing-mistake/ https://www.jmfcapstone.com/2015/12/28/how-to-prevent-clients-from-making-a-classic-behavioral-investing-mistake/#respond Mon, 28 Dec 2015 09:00:30 +0000 http://evolvemypractice.com/?p=2465 At some point, we’ve all had a client walk into the office and start a sentence with something like “I heard” or “I read.” This happened pretty regularly after David Swensen wrote a book about his experience managing Yale’s endowment fund. For a while, the guy was everywhere, and more than a few clients wanted...

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]]> At some point, we’ve all had a client walk into the office and start a sentence with something like “I heard” or “I read.” This happened pretty regularly after David Swensen wrote a book about his experience managing Yale’s endowment fund. For a while, the guy was everywhere, and more than a few clients wanted to know how they could “invest like Yale.”It sounds like a great idea, right? Well, there’s a pretty big difference between an individual portfolio and an endowment fund. Most people skip that part and jump right to, “but he made a lot of money!” Why wouldn’t you do exactly what David…

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