Welcome!

Agile Computing Authors: Yeshim Deniz, Liz McMillan, Pat Romanski, Elizabeth White, Andy Thurai

Related Topics: Agile Computing

Agile Computing: Blog Feed Post

I’m Basically A Whore

The man who made this statement was the Michigan based marketing head of a money management firm headquartered in Connecticut

Wealth Management on Ulitzer

These words remain very clear in my mind, but they were shocking to me (as they probably are to you) the first time I heard them. In fact, when the man made this statement to me, it took me so far aback, that he had to repeat them. “I’m basically a whore,” he says sheepishly and with regret in his voice. Of course I said, “What to you mean?”

The man who made this statement was the Michigan based marketing head of a money management firm headquartered in Connecticut. He was responsible for bringing new money into the firm for investment. He didn’t manage any money, he just bird dogged it. He made his living off of inducing people to do business with the money manager. I was his new protégé – that lasted almost six months.

He explained himself in that he was willing to do pretty much anything in order to get people to bring him money – and he rightly recognized himself as for sale. These days this is even more common place as the volume of marketers of financial products has increased at the same time the quality of advice has diminished. It was this mindset that created the Madoff’s and Stanford’s of the world.

My “boss” made that statement to me in 1987 and I remember it like it was over lunch today. I made up my mind, at that very instant, that I would be something else. I determined that I would do everything in my power to legitimately make money for our customers – and we have. I set out to have healthy relationships with people who wanted their money managed to produce results achieved with integrity – and we do. That if people wanted something other than great investment results from me, we would refuse their business and send them elsewhere – and that is exactly what we have done.

Fifteen years into this our investment results are in the top one or two percent of investment managers over that period. Clients that have brought us money as recently as 2006, have profits in their accounts, while the world at large comments about the “lost decade” - meaning they have no gains after 10 years. At the end of 2009, someone who had trusted us with their money in 1995, was rewarded with close to four times the money they entrusted to us. 

The Barfield Group is a professional investment advisor providing to investors what investment advisors should provide – expertise that makes wise, profitable investments, increases net worth, reduces taxes, and creates value. We make our money by making you money. We are here to help.

Read the original blog entry...

More Stories By Dana Barfield

Dana is the president of The Barfield Group, which has provided industry leading Financial Advice, Investment Services, and helped people Plan for Retirement for more than 20 years. He is a frequent speaker and writer for a variety of industry, regional, and national publications on business ownership and wealth building related topics.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


IoT & Smart Cities Stories
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...