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February 4, 2012
Making the money last
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Medill Reports - Chicago
January 25, 2012
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December 28,
2011
Michael Kay was a guest on
Equity Strategies on Business Talk Radio where he discussed how
investors should approach asset allocation in the New Year. Click
here to listen. |
|
December 19, 2011
Financial Planning magazine – In The Marketing
Maven article, The STP Approach to Business Building for
Financial Advisors, Michael Kay, CFP’s® AdvisorTV video, Advisor of the Future: The Road
Ahead, is
spotlighted. The video is from a thought leader
discussion that occurred at the Financial Planning Association’s
National Conference in San Diego in September 2011.
|
November 14, 2011
Financial Planning magazine – In The Marketing
Maven article, A Financial Advisor’s Toolkit for Creating the
‘Wow’ Factor, contributor, Marie Swift, highlights an FPA
Twitter Live blog video by Michael Kay, CFP® about consolidation in
the industry and how to build a better business that will stand the
test of time. To view the video – www.FPATwitterLive.blogspot.com.
|
|
November 9,
2011
FOXBusiness and DailyFinance – In the article
Home Ownership: Still the American
Dream?,
Michael Kay, CFP® says, “Redefine your values and make decisions
based on them. The American Dream is being recast
toward lifestyle, and not necessarily home ownership.” |
November
2011
Investment Advisor magazine – In the article,
Change What You Can, Bear What You
Can’t,
Michael Kay, CFP® discusses why financial planner should consider
behavioral finance principles to protect clients from their fears of
market volatility. Michael offers the suggestion to
clients that “the ups, downs and sideways of the market will occur
without any of your help or participation. We will
get through this and there will be periods of stability and
growth.” |
|
November 2011
Change what you can...
Bob Veres, a
respected columnist in the financial services industry, says Michael
Kay's article Change What You Can, Bear What You
Can't (published
by Investment Advisor magazine, November 2011) is important reading
for advisors who work with clients. Kay says that financial life
planners like him try not to buy into market emotions, and
prepare clients to get through trying times. It's all about staying
focused on goals and values. You can read all the articles and
statistics about the market and why the global economy is in
trouble, but in the end, it has little helpful or predictive value.
Consumers who pay attention to economists, analysts, stock pickers,
market timers, politicians and members of the media tend to pay a
price if they act on this information. Kay recommends Meir Statman's
"What Investors Really Want" as a good explanation of why we make
investment mistakes over and over again |
October 4, 2011
Financial Advisor magazine – In Forge Ahead, an article about year-end tax strategies,
Michael Kay comments on why one should consider recharacterizing a
2010 Roth conversion – such as a change in the client’s overall
objectives. |
September 2011
Financial
Advisor Magazine -
Ben Matlin interviewed
Michael Kay for Author!
Author! in which he
looks at the benefits to advisors of writing a book and the
challenges of publishing and promoting it. Kay agreed that finding
the right help is crucial. “Work with the best you can find and get
out of the way.” |
September 4, 2011
Amy Hoak interviewed Michael Kay for her article
More Vacation
Homes Within Reach,
about important considerations when buying a second home, even when
the price is right. “It's also important to have a plan for making
payments in case you suffer a financial reversal, such as a job
loss,” said Kay, who put away a year and a half’s worth of
maintenance expenses, real-estate taxes and insurance into an escrow
account when he and his wife recently bought a vacation
home. |
|
|
August 4, 2011
Reuters.com -
Michael Kay was quoted in Lauren Young’s article Advisors Steer
Clients to Safer Havens in Stormy Markets, in which she looked at the recent interest in
gold. Michael’s perspective on making an emotional move to gold: “If
you think it’s the end of the world, you might as well buy Progresso
soup in pop-top cans because it’s more valuable than gold. You can’t
eat gold.” |
July
1, 2011
Financial Planning - Journalist Mike
Byrnes interviewed Michael Kay for his article Behind the
Cover, about advisors
who have written
books. |
June 27, 2011
Financial
Planning - Michael Kay was mentioned in Marie Swift’s article Get Exposed - A Primer
on PR as an advisor who is effectively using PR to
build credibility and expand awareness of his financial life
planning approach to his work with clients.
|
June 6, 2011
FinancialPlanning.com - For her Marketing Maven blog for this industry
publication website, expert Marie Swift interviewed Michael Kay
about the approach he uses in working with clients. “We listen. No
high-tech touch screen on the conference room wall, no Power Point
slide show showing them images of long walks on the beach. We simply
ask questions and then sit back and
listen.” |
Inside Information
May, 2011
Inside Information - In his monthly media
reviews, industry veteran Bob Veres gave a “high” rating to Michael
Kay’s article Beyond Numbers which
appeared in the May issue of Financial Planning magazine
|
May
6, 2011
Advisor.ca – Michael Kay was interviewed for
this article for financial advisors on how to build and nurture
long-term relationships with clients. Michael talks about his
financial life planning approach and how it helps him earn the trust
of his clients.
Read more.
|
May 2, 2011
Financial
Planning magazine blog – Financial advisory industry marketing
expert Marie Swift, in her post about how to create marketing
materials that speak effectively to prospective clients, cites the
Financial Focus website as doing a good job of displaying company
team photos.
Read more.
|
May 1, 2011
Financial
Planning magazine – In his article, Beyond
Numbers, Michael Kay describes his journey to a more balanced
life by shifting to a financial life planning approach to working
with clients.
Read Michael's
article. |
April 27, 2011
Women Advisors Forum – In An Inside-Out Approach, journalist Marie
Swift discusses how important it is for financial advisors to
develop good listening skills. She quotes Michael Kay, whose
approach with new clients isn’t fancy or hi-tech. It’s simply to ask
questions and then sit back and listen. Read
more. |
|
April 4, 2011
Horsesmouth.com
– Writer Amy Buttell spoke with Michael Kay about financial life
planning and how he works with clients using an “inside-out”
approach. She discusses the content from Kay’s new book The Business
of Life. Article available with a subscription.
Learn more about the
book. |
April
2011
Japanese
Financial Planners Learn From Their U.S. Colleages.
Journal of Financial Planning – Just four days
after the unprecedented disasters in Japan, a team of 11
Japanese financial representatives from various Japanese based
broker/dealers and financial institutions somehow found a way to
leave the upheaval at home and fly to New York.
Their mission: to gain a
clearer understanding of what financial planners are doing in the
United States and how they might learn and integrate techniques and
ideas into their thinking and business planning. They visited
Financial Focus, LLC to learn from financial life planner Michael
Kay. Don’t miss the photos! |
|
April, 2011
Financial Advisor magazine -
Michael Kay provides advice to fellow financial advisors for on how
to handle the heated emotions of planning for their aging clientele
– an important part of working with clients today.
Read
More |
March 28, 2011
Michael Kay’s new book, “The Business of Life,”
was reviewed in this subscription website for financial advisors.
Posted from RIA Central
|
|
Spring 2011
Michael Kay was profiled in the eNews page of
the website of the Financial Planning Association of New Jersey. Read the Q&A
with Michael about his new book and his financial
life planning approach.
Posted from FPA New Jersey E-news |
March 9, 2011
Michael Kay delivered a webinar for financial
advisors on how to build a more successful practice by shifting to a
financial life planning approach.
Posted from RIA Central |
|
NAPFA Advisor
March 2011
Danielle Schultz reviewed Michael’s new book,
“The Business of Life” in this publication for members of the
National Association of Personal Financial Advisors.
Posted from NAPFA Advisor
|
February 25, 2011
The financial-life-planning movement comes of
age in a recession-wracked economy. Read more.
Posted from Advisor One |
|
February
14, 2011
Columnist Les Abramowitz, in his article How to Avoid That Fatal Blow to Client
Communication, cites Michael Kay’s book, “The Business of
Life.” Read
more.
Posted from RIABiz |
February 2, 2011
Financial
Advisor magazine – Michael Kay, founder of Financial Focus, LLC,
comments on how and when to seek advice from experts on health care
costs.
Posted from Financial Advisor
magazine
Read
More
|
|
February 2011
Journalist Temma Ehrenfeld interview Michael Kay
for Retro Pension, in which she
discusses defined benefits plans for small businesses.
Read the article.
Posted from Financial Planning
|
January
17, 2011
Carol Anderson and the Money Quotient team
congratulate Michael on the publication of his book, "The Business of
Life."
Posted
from Money Quotient
|
|
Inside Information
January 17,
2011
In his weekly media overview, industry guru Bob
Veres reviews the article Know Thyself, Know
Thy Client, and gives a “high” rating.
Posted from Inside Information |
January 2011
Journalist Temma Ehrenfeld interviewed Michael
Kay for Know Thyself, Know Thy Client.
Michael says that really listening to others starts with
self-examination. Read more.
Posted from Financial Planning |
|
January 2011
In My ‘Aha’
Moments, Michael Kay describes his epiphanies in becoming a
financial life planner. Read more.
Posted from Financial Advisor |
Bank
Investment Consultant
December 6, 2010
In his article, One
Advisor’s Journey,” Michael Kay discusses his path to becoming
a Financial Life Planner. Read more.
Posted from Bank Investment
Consultant |
|
December 6, 2010
Michael Kay’s new book, The Business of Life: An Inside-Out Approach to
Building a More Successful Financial Planning Practice, was
featured on the front page of this weekly newsletter for advisors
who work with Loring Ward. Read more.
Posted from Loring Ward Advisor Weekly
News |
Financial Planning
December 2010
Michael Kay was interview for Team Spirit, a feature article on the
advantages of using a team approach to working with clients.
Included is a side-bar of six tips from Michael on how to build a
successful wealth management team. Read more.
Posted from Financial Planning |
|
Advisorbiz.com
December 1, 2010
Michael Kay’s article, Setting Effective Expectations, discusses
the importance of setting - and meeting - clients’ expectations.
Read more.
Posted from Advisorbiz.com |
November 12, 2010
Journalist Amy Buttell interviewed Michael Kay
for her article 5 Ways to Save Money in
Retirement. Michael suggested developing a budget and sticking
to it. "You need to know which costs are fixed costs, and which
costs are discretionary. It's the discretionary costs that you
choose, that you can trim." He also suggests that you look at what’s
important to you and how you can align that with your financial
reality. Read more.
Posted from FoxBusiness |
|
October 26,
2010
Michael Kay was interviewed by Ben Mattlin for
his article How to Select Trustees.
According to Michael, selecting a close family member doesn’t
guarantee smooth sailing. “Where people make mistakes is in choosing
someone they trust who happens to be incapable of fulfilling the
requirements of a trustee.” Read more.
Posted from Financial Advisor |
October 8, 2010
When should you apply to social security?
Retirement planning is complicated, beginning with the decision
about when to begin taking your Social Security benefits. Read More. |
|
October 1, 2010
Michael Kay was interviewed for this article on
When to Apply for Social Security. Read his comments.
Posted from Fox Business |
The
Faster Times
September
23, 2010
Every fall the annual rite of passage of
children leaving for college creates much change and emotion for
parents. But though there will be new college expenses, there is a
financial upside to an empty nest. Journalist Sheryl Nance-Nance
interviewed Michael Kay for tips on ways to save. Read more.
Posted from The Faster
Times |
|
Practice Management Solutions
Aug/Sept 2010
Journalist Amy Buttell interviewed Michael Kay
for her article To Outsource or Not, in
this publication for financial advisors. The article presented
advisors perspectives on whether to do investment management
internally or to use a third party money management firm. Read more.
Posted from Practice Management Solutions
|
August 3, 2010
In the article, 6
Tips to Use Store Credit Cards the Best Way, Michael Kay is
quoted a number of times in reference to the point of sale tactics
and interest rates applied to store credit cards.
http://www.creditcards.com/credit-card-news/six-tips-how-to-use-retail-store-credit-cards-1267.php
Posted from Credit
Cards.Com |
|
August
1, 2010
Junk Bonds: Savvy
Investment or Fool’s Gold is an article about the
speculative nature of junk bonds. Michael Kay suggests before
investing in junk bonds, you should ask yourself, if a total loss is
sustained, how will that affect their portfolio, their wealth and
their lives?
http://www.msnbc.msn.com/id/38512059/ns/business-stocks_and_economy/
Posted from MSNBC |
Advisorbiz.com
July 28, 2010
In his regular column on this online resource
for financial advisors, Michael talks about the benefits to advisors
of taking a Life Planning approach to the way they manage their
practice. Read more.
Posted from
Adivorbiz.com |
|
Walletpop.com
July 26, 2010
Michael Kay was quoted in reporter Geoff
William’s article “Reasons Why You May Want to Close a Bank Account
or Two,” which appears on Wallet Pop, an ezine on AOL Finance and
Money. In the article Williams explores the pros and cons of keeping
multiple checking accounts in the current banking
environment. Michael offers the conclusion, “You need to ask
yourself: What’s enough to do what needs to be done? If you can’t
achieve your goals with one checking account and one savings
account, then you expand them to meet your personal needs. But there
should be a real good reason to have 12 accounts.” Read more.
Posted from walletpop.com |
The
Faster Times
July 15, 2010
Michael Kay was quoted in Sheryl Nance-Nash’s
article How to Do a Mid-Year Financial Check
Up. His advice - “Begin with the end in mind. Where did you
intend to be versus where are you? Can you chart your progress?”
Read more.
Posted from The Faster
Times |
|
May 18, 2010
Michael Kay was interviewed by journalist Conrad
de Aenlle for his article, Saving Needs to
Become Ingrained. His advice is that young people need
“to get a grip on what they make, how much debt they have, their
fixed costs and discretionary income,” he said, “so they’re able to
make decisions and prioritize what their steps are.” Read
more.
Posted from The New York
Times |
April
13, 2010
In her article What Do You Really Want to Do
With Your Money, Dinah Eng looks at how a new class of financial
planners is helping entrepreneurs realize their goals now while
still planning for the future. Interviewed for the article, Michael
Kay said that everyone has a money biography that influences their
financial decisions, and it's important to understand what motivates
financial behaviors in order to change them, if needed. Read
more.
Posted from
Entrepreneur.com
|
|
NewJerseyNewsroom.com
February 20, 2010
In his column “Boroson on Money,” journalist
Warren Boroson profiles Michael Kay and his life planning approach
as a financial advisor. Read more.
Posted from newjerseynewsroom.com |
December
29, 2009
Emily Brandon,
in her article Generation Y: Save For a
House or Retirement?, looks at how to balance funding a nest
egg and a down payment on a house. Michael Kay offers suggestions on
how to establish priorities. Read
more.
Posted from
U.S.News & World Report |
|
November 30,
2009
Michael Kay and Financial Focus is profiled in
this online local news site. Read the
profile.
Posted from
TheAlternativePress.com |
BankRate.com
November 17, 2009
Michael Kay is quoted in this article on How to Bounce Back from Adversity.
Read the
article.
Posted from Bankrate.com |
|
msnMoney.com
November 5, 2009
Michael Kay was interviewed for The Right Way to Risk Your Money. Michael
says the key to understanding your risk tolerance is to look into
your investing soul and ask yourself how much emotional turmoil you
can withstand. "How much pain are you willing to suffer before you
can't put your head on the pillow at night?" Read more.
Posted from msnMoney.com |
November
1, 2009
In his article You Make
the Call, journalist Eric Reiner looks at the decision to do a
Roth conversion. Michael Kay was interviewed for the article and
weighs in on who should convert and who should not. Read more.
Posted from Financial
Advisor |
|
October
11, 2009
In The Days of ‘Buy and
Hold’ Have Gone and Went, journalist Jeff Benjamin looks at
advisors’ attitudes about this conventional strategy. Michael Kay
reported that his clients “care most about a level of comfort with
their strategy in good times and bad. There were certain clients who
were uncomfortable last year, but we made very few changes,
overall.” Read more.
Posted
from Investment News |
msnMoney.com
October 9, 2009
In Can You Afford Not to
Have a Kid, Gina Roberts-Grey looks at the tax credits and
deductions that offset the cost of raising a child. Michael Kay says
there are significant differences in the ways parents and childless
couples approach money. "Childless couples tend to act as if there
is less pressure… while couples with children think more about the
what-ifs. And that often translates to thriftiness and prudent
nest-egg building. Parents doing proper planning tend to be better
savers because they have to be,” says Kay. Read more.
Posted from
msnMoney.com |
|
September
30, 2009
Jonelle Marte writes about the importance of
contingency planning in Preparing for the
Worst - guardians, health-care power of attorney, estate
planning, etc. In the case of someone becoming incapacitated,
Michael Kay says that if you don’t assign a durable power of
attorney, someone would have to petition the court to be appointed,
a process that takes time and money. “If you're unprepared, the
level of complexity goes up substantially, and it just opens the
door to do things on the fly.” Read more.
Posted from The Wall Street
Journal |
Millburn Short-Hills
Magazine
September 20, 2009
Michael Kay is profiled in this article that
looks at his Financial Life Planning approach to financial planning.
Read
more.
Posted from Millburn Short Hills
Magazine |
|
BankRate.com
September
9, 2009
Michael Kay was interviewed for Three Ways to Save for Your Child’s Future.
In addressing the wisdom of using UGMA and UTMA accounts, Michael
says that, “if money is in a UTMA or a UGMA account, it becomes (the
beneficiary's) at the age of majority, which is 18 to 21 depending
on the state. There's no legal way to prevent the child from using
money that was intended for college or a house to go to Europe.”
Read more.
Posted from BankRate.com |
September
1, 2009
Michael Kay’s Financial Life Planning approach.
Read
more.
Posted from Dollars &
Sense |
|
August
18, 2009
In Goals-based Investing
Gains Traction, David Bogoslaw looks at how more financial
advisers see the need for clients to focus on goals—rather than
portfolio performance—to determine the annual income they'll need
for retirement. According to Michael Kay, “a common roadblock [for
self-directed investors] is their relationship to money. What is
their money history? Are they spenders or savers? Will their
behavior be consistent with what their stated goals are?” Read more.
Posted from
BusinessWeek |
June 25, 2009
In Saving for School,
Cent by Cent, journalist Todd Ritter looks at what people can
do to save for their children’s college education. "Typically, you
can't change fixed expenses, so most people make cuts in
discretionary spending," said Michael Kay. "I have a client who got
rid of his landscaper and had his 14-year-old son mow the lawn so he
could pay for his college." Read more.
Posted from the Star-Ledger, by Joseph R.
Perone |
|
June 8, 2009
In Second Chances,
Suzanne Barlyn looks at how to squeeze more money out of vacation
homes. According to Michael Kay, renting a property for even one or
two weeks can produce found money. “Homeowners can rent their
property for up to 14 days without reporting the income to the
Internal Revenue Service. The strategy can produce a windfall for
people who own property in areas that hold one-time annual events,
such as the Sundance Film Festival in Park City, Utah.” Read more.
Posted from the Wall Street
Journal |
May 31, 2009
Q and A,
Financial Planner: Education is Key,
with Michael Kay. Read
more.
Posted from the
Star-Ledger |
|
May
29, 2009
Connecting Careers to
Passions
Posted from Dow Jones
Newswires |
May 1, 2009
Asked “When it comes to moving ahead in your
career, what keeps you up at night,” Michael Kay responded: “What
keeps me up at night is two-fold. How can I bring more value to my
clients, and how can I continue to lead a balanced life while
growing and supporting our firm so that I am bringing my best focus,
energy and enthusiasm everyday? These are the keys to what I
consider a successful and fulfilling career.”
The Next Move: Advisor
Corner
Posted from Registered
Rep |
