Tuesday, December 27, 2011

Financial New Year's Resolutions

Dan Danford, CFP® and Founder/Chief Executive Officer of Family Investment Center, answers this week's episode of Money Made Easy.

Do you have a list of New Year's financial resolutions you think all people should undertake as we approach 2012?

When answering this question, Danford has a slightly different way of looking at financial resolutions. He suggests that any New Year's resolutions should be about an attitude shift and an understanding of a new way to look at money.

Thursday, December 22, 2011

Happy holidays!

From the folks at Family Investment Center, we wish you the happiest of holidays!

Dan Danford
Chris Danford
Jason White
Elaine Coder
Carolyn Pearl
Laura Price

Monday, December 19, 2011

Business summit a success

One hundred business leaders and entrepreneurs attended last Friday's annual Business Summit held at the Fulkerson Center at Missouri Western State University.

The event, hosted by the St. Joseph Metro Chamber and the Steven L. Craig School of Business, consisted of several sessions of varying business topics. The keynote speaker was Patrick Carpenter, Vice President of Sales and Marketing for SRC Holdings Corp. in Springfield, Missouri.

The summit was presented by Family Investment Center and the Institute for Industrial and Applied Life Sciences.

Jennifer Hall of the St. Joseph News-Press provides more detail in her article, Speaker promotes 'open-book' concept.

Monday, December 12, 2011

It's the psychology, stupid

Dan Danford, CFP® and Founder/Chief Executive Officer at Family Investment Center, was quoted in an article in the Wall Street Journal today. The article, "So, How Does Money Make You Feel?", written by Veronica Dagher, speaks with advisors about why people make bad financial decisions and what they've done to help people avoid these mistakes.

Read the full article.

Wednesday, December 7, 2011

Time to refinance?

Dan Danford, CFP® and Founder/Chief Executive Officer of Family Investment Center, answers this week's episode of Money Made Easy.

With interest rates so low is now a good time to refinance or are there disadvantages to refinancing?

Danford addresses the costs associated with refinancing (new appraisal, new title company, etc.) but says this is the best time to refinance in the last 50 years. He explains why everyone should consider refinancing not only their marital home but also their credit cards and vehicles.

Thursday, December 1, 2011

Positive change: three innovative investment ideas

By Dan Danford, Principal/CEO, Family Investment Center

● $100 million of insurance per account. Banks usually offer $250,000 of FDIC insurance, and brokers $500,000 of SIPC.

● No sales or transaction fees. None.

● The world’s top experts in stocks, bonds, and mutual funds. World-wide investment luminaries like Bill Gross, usually at reduced fee.

One academic study explored the pace of change within a community. As I recall, researchers carefully documented how long it took farmers in a particular region to switch to a wholly-superior hybrid seed corn.

The pattern of change became famous. A small group of progressive farmers adopted new corn almost immediately. Typically, others were more cautious and waited a few years. At the study’s end, a few stubborn hold-outs were still planting the old corn even though the new was safer, widely-accepted, and proven through years of production.

That pattern is typical among consumers of all kinds. It’s true of technology, automobiles, and even new medicines. A few innovators jump right in, and almost everyone else pulls the old “wait and see.” A few people never try anything new.

Family Investment Center started in 1998. We brought some innovative ideas to our marketplace, and some successful groups and families joined us almost immediately. Since then, many other clients have adopted our unique approach to investing. Our largest single portfolio today is over $15 million.

Instead of being a more-traditional “seller” of investments, we are an expert “buyer” for each client. We seek quality investments, tailored to each client’s need, at a wholesale or institutional price. We select securities and investments from thousands of choices and dozens of fund families and firms. Virtually unlimited investment choice.

Today, we steward nearly a $100 million and our clientele has grown from early adopters to mainstream institutions and families. We serve several dozen nonprofit groups along with hundreds of successful families. Almost all those portfolios transferred here from other (traditional) institutions.

Our professional fees are based on the work and responsibilities involved. We work like an independent consulting firm or law practice. There are no hidden fees or commissions, and we have no financial relationships with outside firms. Essentially, clients pay us because we can help them accomplish more.

I’d welcome an opportunity to discuss our services with you. I think we can help you save substantially on fees while increasing the quality of your investment portfolios.