Quick Hits: Aloha | Not Ice Cream! | Top RIAs

Aloha!

As Advisors Excel Advisors gear up for our annual trip, we should all check out this list of Top 10 movies filmed in Hawaii!

Mahalo!

Here are your Quick Hits:

Articles to chew on

 

We’ve officially surpassed our Economic growth pre-pandemic

  • “The economy is bigger now than it was before the pandemic, officially recovering from its pandemic-induced plunge. (But output is still less than where it could have been, had there been no pandemic.)”
  • “The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.”

Brace of higher prices on all the “Good Stuff” – Ice Cream and Beer

  • Probably the worst news I’ve heard in weeks…I knew inflation would impact my pocket, but not my ice cream and beer!
  • “The makers of some of the world’s bestselling food and drink brands warned they would keep raising prices as they grapple with the strongest inflation in years.”

How Social Security Has Tricked Recipients (Larry Kotlikoff)

  • “a terrible hoax [that] may be the worst public policy this country has ever run.”
  • The Administration “built this Rubik’s Cube that nobody can follow,”

5 Things Top RIAs Did Differently in 2020

  1. Top-performing firms had strategic and succession plans.
  2. Top-performing firms had documented marketing plans and spent more to execute them.
  3. Top-performing firms closed on more of their leads
  4. Top-performing firms were more likely to meet or top new client growth goals.
  5. Top-performing firms saw twice the growth in assets from new clients.

 

Quote of the week:

“When you focus on the past, that’s your ego. … When I focus on the future, that’s my pride. I try to focus on the present. That’s humility.”

— Giannis Antetokounmpo