How to avoid financial advice ‘porn’

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Mark Lee interviews financial guru, Saul Djanogly who has some unorthodox views about financial advice that may resonate with accountants.

ML: I know you like working with accountants Saul. What is it that they seem to find of interest?

SD: I think it stems from a shared interest in the numbers...

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About Mark Lee

Mark Lee works almost exclusively with savvy sole practitioners who want more out of their practice.  More clients, more money, more time, more satisfaction - or everything!

An accountant by profession, Mark moved away from the provision of professional advice in 2006.   He is now a professional speaker, mentor, facilitator, author and debunker.

Mark Lee is a realist and regularly debunks myths and hype related to his areas of interest and expertise.  His keynote talk for audiences of accountants is How to STAND OUT and be more than 'just another accountant'.

Mark is passionate about helping accountants generally so is a keen blogger and commentator in the accounting and tax press. He is consultant practice editor of AccountingWEB and has written hudnreds of articles here that have been viewed over a million times.

Check out how he could help you here: www.BookMarkLee.co.uk/savvy

Mark stopped giving tax advice himself despite being a past Chairman of the Chartered Accountants’ Tax Faculty. He is however Chairman of the Tax Advice Network - the UK's highest ranked lead generation website for tax advisers and accountants. The network also publishes a weekly practical tax update for accountants in general practice and full tax support, on demand too.  You can also use it as a lead generation resource for local people seeking tax advice from an accountant.

Mark has extensive network reach through his blogs, talks, social media activity, articles and his regular newsletters that go to thousands of accountants every week.

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24th Jul 2013 13:56

Err 'unorthodox' views ...

I read Mark's interview with Saul with interest after 15+ years in retail marketing in the asset management industry; now I know that I've been out of the marketing game for 10 years but I think the tenet still holds true that over the medium to long term, 'active' stockmarket investment generates greater returns that building society accounts and 'passive' tracker funds! I can feel some bedtime research and reading coming on!  Can AccountingWEB or Saul back up his statement?  'Better value for money' is one thing but a superior return on a client's money is another.

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26th Jul 2013 06:51

@Catherine - Thanks for your comments

Saul tells me that there is a great deal of industry and academic research which he says demonstrates convincingly that actively managed funds have in the past tended on average to under-perform their benchmarks and also to under-perform low-cost passive funds targeting the same benchmark.

I think he may share more on his perspective in his webinar at: www.costeffectiveinvestor.com

Mark

 

 

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