![]() In this week’s #OfficeHours with my Tuesday 1PM EST broadcast via Periscope, we explore the implications of this massive deal to pair together managed 401(k) accounts with human financial planners (at a size and scale that few others besides perhaps Fidelity have ever even attempted), and particularly how this may be the beginning of the end of advisors growing their businesses through 401(k) rollovers!įirst and foremost, thouggh, it’s worth just recognizing that a brilliant deal it really is for Financial Engines to be merged with Edelman Financial. From the Financial Engines perspective, this is an opportunity to add a new higher “financial advice” service tier to its top 401(k) clients, in a world where they’re reportedly only charging between 0.2% to 0.6% for their managed account service, but Edelman’s fee schedule starts all the way up at 2%. ![]() Whether you’re faced with overwhelming feelings of worthlessness, frustration, anger, depression, or anxiety, CBT can help you change your thinking and make a difference in your life - beginning today.The blockbuster announcement in the RIA space this week was that private equity firm Hellman & Friedman is buying Financial Engines and taking it private for a whopping $3 billion dollars in cash, and in the process will be merging it with mega-RIA Edelman Financial – of which Hellman already owns a majority stake from a purchase back in 2015 – to make a new combined entity of both Financial Engines and Edelman Financial. Which is a mega deal not just because Financial Engines got bought for $3 billion dollars (and has an estimated $169 billion of assets under management in the managed 401(k) space) but also because Edelman Financial itself has $21 billion under management and is one of the largest independent RIAs in the country with almost 35,000 clients of their own for whom they do investment management and financial planning, with more than 100 (human) financial advisors. Prevent negative thoughts and emotions from occurring.Īcknowledge and face the obstacles that prevent you from obtaining your goals.Īchieve a more balanced and happier life. Learn how to dispute thinking errors with your behavior and rational thoughts. Recognize “thinking errors” that cause you unnecessary distress. Change Your Thinking will teach you how to fight negative and self-defeating beliefs to minimize your experience of upsetting emotions. ![]() ![]() By following the practical, easy-to-follow exercises and examples, you can take control of your thoughts, emotions, and feelings, and find more positive ways of dealing with life’s hurdles - and a happier you. Practicing psychologist Sarah Edelman clearly lays out how to use CBT to develop rational thought patterns in response to upsetting emotions and situations. ![]()
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March 2023
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