Top Stories by D. Bruce Johnston
New Media on Ulitzer
Topic A at the recent Securities Industry and Financial Markets Association
Annual Meeting (SIFMA) was what to do about the fastest-growing
communications phenomenon since the invention of the Internet: the explosion
in social networking.
Whenever compliance and communications come together there is sure to be a
tussle and this meeting was no different. Chairman and CEO Rick Ketchum cited
the current policy as “currently constructed, these sites would not permit
you to easily supervise these communications. For that reason, most firms
prohibit their employees from using these sites for their business.”
Still, trying to hold back the social media communications tsunami is not
likely to last. The cost of not communicating to advisors and clients through
their preferred vehicles does not make a lot of long-term business sense.
Mr. Ketchum readily a... (more)
Last week I sat on a social media panel at the "Innovation and Growth In A
Post Economic Crisis Era" Conference sponsored by Spectrem Group and
Financial Advisor Magazine. Other panelists were Daniel Bernstein, JD
Director of Professional Services, Market Counsel and Dr. Christopher W.
Young Jr, Ph.D, Global Director - Strategy and Solutions Wealth Management
for Dow Jones.
Dan did an excellent job discussing FINRA Regulatory Notice 10-06, , FINRA's
Guidance on Blogs and Social Networking Web Sites. (View Full Notice). He
pointed out, Regulatory Rule 10-06 makes it clear that an... (more)
By D. Bruce Johnston, President and CEO, DBJ Associates
Commerce on the Internet continues to skyrocket.
Chad Levitt, author of the “New Sales Economy Blog,” recently wrote a
post, “Sales Reps, Are You Ready for the Digital Universe?,” based on
information he gleaned from a recently released IDC report on predictions for
the year 2020.
Here are some of the major findings from the IDC report:
Between now and 2020, the amount of digital information created and
replicated in the world will grow to an almost inconceivable 35 trillion
gigabytes as all major forms of media – voice, TV,... (more)
Remember, we're human beings and after all isn't that what this social media
thing is all about? Isn't it about connecting people to people? Connecting
people to you, your product, your service, your solution? And what will
happen in the future? It will be about connecting clients to clients where
they will discuss you, your product recommendations, your service standards,
and results of the solutions you recommended.
How will you ever provide this high level of connectivity? Will it come
through B2B, P2P, LinkedIn, Twitter, Facebook, some "killer apps" or F2F
meetings? Finally ... (more)
Mutual Funds on Ulitzer
Recently I asked Dan Sondhelm, Partner and Vice President, SunStar Strategic,
what strategies will help top performing small funds get the attention and
recognition they deserve from investors and advisors. For those of you not
familiar with SunStar and their Fund Factor publication, they specializes in
helping institutional investment managers and mutual fund firms attract
investors, strengthen distribution and build brands through structured news
generation programs and smart marketing.
DBJ: Dan, can you name a few distribution misconceptions small mutu... (more)