27 Jul 2012

Posted at 12:47h in The Friday Brief by
The economy continued to slow in the second quarter, according to the Commerce Department. In fact the so called recovery is now officially the second slowest since WWII. Much of the economic data this week advanced the argument that the economy is slowing. Europe, China, and the developing world are only making matters worse as their economies face varying degrees of challenges.

20 Jul 2012

Posted at 14:51h in The Friday Brief by
Earlier this week, Stephen Covey, a hero of mine and a champion of how to live a better life, passed away. Covey was best known for his mega-bestseller The 7 Habits of Highly Effective People. His common-sense, yet profound counsel to “Begin with the End in Mind,” to “Be Proactive,” and to “Seek First to Understand, Then to Be Understood” have been fundamental concepts in the shaping of Beacon. We thank him and will miss him greatly.

13 Jul 2012

Posted at 15:43h in The Friday Brief by
It was a light week for economic news, but one of the most significant announcements came from the National Federation of Independent Business. It described the latest reading from its small business optimism index as a "significant" decline. Major contributors were poor job creation and consumer confidence, as well as declining capital investment plans and earnings trends. Only 1 in 10 components improved last month, according to Econoday.

06 Jul 2012

Posted at 12:44h in The Friday Brief by
The financial services industry defines success quite simply in terms of returns – specifically by how much higher the winner’s returns are relative to all those others out there. With returns as the cornerstone of measuring success, the industry spends millions and millions of dollars bettering its methods of comparing the returns of investment choices, managers, and advisors in hopes that in selecting the best, their clients will be better served.