In this week’s installment of our Media Watch series, the Practitioner brings you a set of reports from the three of the core disciplines or “buckets” as well as an article on impact investing.
The latest from behavioral science tells us how siblings of elementary-school age can learn to get along. In doing so, they can improve their future health and well-being.” We offer a Canadian law firm’s view of the 2012-2014 economic outlook in North America and the Eurozone. We also take a look at an article urging financial service firms (and, by extension other professional service firms) to lose their fear and prejudice of Social Media by using it as a strategic marketing tool. Finally, from the National Center for Family Philanthropy, we have a timely and resource-full article on “Getting Started with Impact Investing: overcoming resistance from family and trustees.”
Sibling rivalry is at the heart of many family issues as well as many family business issues. This article from Science Daily outlines a study and program conducted by researchers at Penn State that “demonstrates that siblings of elementary-school age can learn to get along. In doing so, they can improve their future health and well-being.” This appears to be an answer to a prayer that many families and advisors utter on a daily basis.
The Canadian law firm of Bennett Jones offers their take on the short-term key indicators of economic growth in North America and around the globe. Their prognosis? “Bumpy road ahead:” Today’s economic climate in large part has been caused by, and has many implications for the laws currently operating on a global basis among the leader nations. This report outlines the firm’s prognosis for North America, the EU and the WTO in 2013-2014.
Social Media—the very words can strike fear in the hearts of professionals everywhere. To many, social media is the remit of their children, college friends, and the broadcast and print media. This article in the European Financial Review posits that social media is necessary (or a necessary evil) in order for financial services companies to stay competitive. “While a level of caution and care is expected of the industry managing and guarding our wealth, if the biggest names in financial services do not take action soon, it may be too late.” Extrapolated out, this advice can be used by law firms, therapy practices and advisor firms. Take heed and don’t lose your market share due to lack of knowledge and fear.
From the National Center for Philanthropy, we have “Getting Started with Impact Investing: overcoming resistance from family and trustees.” As the charitable gift-giving season is upon us, Jason Born, editor of Family Giving News, offers several insightful points to be mindful of at year-end. In addition, Born announces a Dec. 13 webinar on “Family Philanthropy at the Holidays: Faith, Gratitude, and Tradition.” He also references a July webinar on “strategies for overcoming resistance from family members and fellow board members to impact investing” that is available for re-viewing. This is must reading for advisors, especially those who work with family offices and family foundations.
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