Client Money on Crack

If you’re a financial adviser, there’s nothing like securities-based loans to get clients to love you. Or to hate your guts when things don’t go as planned. I’m referring specifically to “non-purpose” credit secured by stocks, bonds, and other eligible assets. In...

End Game

My name is Jack Legare. I live in a small, weather-beaten cape near the end of Dock Street in Hale Harbor, Rhode Island. The roof is new. But the weather shingles date back to the 1950s, and I bet half of them blow away the next time a hurricane comes storming up the...

The Greatest Cold Call of All Time

Why is this man holding a phone inside a toilet? Click on this link to read my column on the Wall Street Journal: The Greatest Cold Call of All Time. Must be a subscriber to read.

Who Owns You?

Last Thursday, the Wall Street Journal published my column about the pros and cons of registered investment advisers versus brokerage firms. Here's a link to my column and a short clip of what I had to say: Hang on. To paraphrase Mark Twain, the death of...

Part One: Will You Shut Up?

You don’t tell a prospect, “I’m begging you to shut up.” Not if you’re serious about your career. But OMG, I was ready to pull out every hair in my head. Let me set the stage. In my previous life as a stockbroker, my team hosted a fly-fishing event every June. We...