by Thomas Coyle
June 12, 2012
Here is a story, courtesy of psychologist Szifra Birke, of how one financial adviser literally started adding a little color to his dark days.
It was late in 2008, and for the past few months of market turmoil, the owner of a small investment-adviser boutique had been scrambling to keep clients calm in meetings, over the phone, via email and through regular bulletins. Continue Reading
by Thomas Coyle
December 7, 2011
Once there was a boy who hated his family’s money.
He was a teenager when his blue-collar dad made a fortune almost overnight in the tech boom of the late 1990s. Suddenly it was good-bye middle-class home, public school and old friends, and hello mansion, private school and stuck-up rich kids.
“He was at a very impressionable age,” says Carolyn Decker of Lake Street Advisors, a Boston-based wealth-management firm that advises on about $3.2 billion. “He thought the money uprooted his life.”
Though his parents tried to interest him in the wealth, he resisted. “It’s not mine,” he’d tell them. Continue Reading