Summary
[...] Schmick, a former journalist who never lost his passion for writing, started authoring a series of columns, all posted on his blog (www.afewdollarsmore.com) that strike similar chords and rail against the simple and, in his view, archaic practice among many investment advisers to simply buy and hold - for decades. [...] there are three main target groups, with the third being women, a constituency that has been historically underserved and perhaps misunderstood, said Harris, noting that women are, in many ways, more demanding than men when it comes to their money and how it is invested, and that than BMM, with its approach, is well-suited to serving this group (more on that later).
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Extract
The Write Stuff
Allen Harris was relating the story of why one recent new customer came to Berkshire Money Management (BMM), and how his experiences reflect a trend he's noticed within the financial services industry.
"He gave us $500,000 to invest," said Harris, who was joined by Bill Schmick at BMM, a Pittsfield-based venture, this past spring. "The reason he gave us $500,000 was because he had $1 million, but, like many people, he lost about half his portfolio when the market crashed. When he called his now-former advisor, and luckily got him on the phone, the advisor's response was, 'what are you worried about? You still have $500,000.'"This c...See the full content of this document
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