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Elliott Management’s Paul Singer Warns of “Dangerous Time” in Global Financial Markets

Posted on 09.13.16 |

In the August 19, 2016, issue of On My Radar, Steve Blumenthal cited a CNBC article discussing Elliott Management’s quarterly investor letter by Paul Singer, which predicted a forthcoming market “breakdown.”  Singer contends that the global bond market is “broken.”

Today, at CNBC’s Delivering Alpha conference, Singer criticized central bankers and specifically the Federal Reserve saying, “What they have done is created a tremendous increase in hidden risk, risk that investors don’t exactly know or have faced about their holdings.  I think it’s a very dangerous time in the global economy and global financial markets.”

In these volatile, unpredictable times, advisors need to know that someone has their back.  We’ve got your back.  CMG is here to serve our clients, exceed their expectations and help build the strongest all-weather portfolios possible.  Contact us today.

Categories: Tactical Investment Strategies Tags: advisor, advisors, Equities, fixed income, On My Radar, Stephen Blumenthal, Steve Blumenthal, Tactical Investing, The Fed

Discover 4 Habits To Help Your Business Work For You

Posted on 04.20.15 |

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG Capital Management Group

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG

As Amelia Earhart once said, ” The most difficult thing is the decision to act, the rest is merely tenacity.” Tenacity is made easier if you practice the right habits.

Through the years that I’ve traveled working with advisors and helping them grow their businesses, one common problem repeatedly comes up. How do I grow my business while still servicing my existing clients? So what’s the secret to doing this? Never be afraid to delegate various tasks in your business.

I remember one advisor in particular. He thought he had it all… A decent size book of clients, a great location in the center of town and a great support staff. However, he wanted more. I had seen this scenario played out many times before with advisors I had worked with. I have found that what they ultimately want is more time freedom. So, how can you accomplish that?

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Categories: Marketing, Practice Management, Tactical Investment Strategies Tags: advisors, Amelia Earhart, brian tracy, Colin Powell, Maxwell Maltz, Mike Sciortino, Napoleon Hill

The “Sweetest 16” Quotes From An All-Time Legend

Posted on 03.24.15 |

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG Capital Management Group

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG

Tournament time! Cinderella teams! All-Time Legends! Fast Breaks! Slam dunks! Buzzer beaters! In the words of Dick Vitale, “Are you serious?”

As with each team starting out in the tournament with the hopes of raising the trophy and cutting down the nets at the end, you as an advisor are on a constant journey toward your pinnacle as well. You are always striving for consistency, building momentum and focusing you and your staff on doing your best.

Throughout the 60’s and 70’s, one of the game’s all-time legends, John Wooden, guided and coached the UCLA Bruins. They were the most dominant team in sports winning 10 NCAA Men’s Division 1 Basketball titles. What can you learn from Coach Wooden and apply to your business?

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Categories: Marketing, Practice Management, Tactical Investment Strategies Tags: advisors, fundamentals, John Wooden, Mike Sciortino, principles, Success, wisdom

How To Build Trust With Your Clients

Posted on 02.24.15 |

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG Capital Management Group

Michael F. Sciortino, Sr. Executive Vice President, Managing Director, Head of Distribution, CMG

As an advisor, you garner trust by having a belief system that enhances your client’s lives and demonstrates a genuine hopefulness for your client. Trust matters today more than ever. Why? Think about what the key considerations your clients have prior to making a buying decision? At the top of most lists is trust.

What influences who they trust? While it’s a personal preference based on their experiences, one thing is certain, advisors earn trust through openness, integrity and the consistency of their actions.

When I think of the process of cultivating trust, I think of the saying, “it’s not a sprint, it’s a marathon.” Earning trust requires diligent effort over time.

We’ve all heard that clients do business with people they like and trust. As an advisor, why not make trust your competitive advantage?

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Categories: Marketing, Practice Management Tags: advisor, advisors, Mike Sciortino, robo advisors, Trust

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