Articles Written by Jon Henschen

Regulation Turns Off Entrepreneurs From Pursuing The IBD Channel

15:16 06 May in Articles Written by Jon Henschen by rafferty

May 5, 2021 By Jon Henschen, FA Financial Advisor An advisor that I’ve friended and conversed with since 2005 saw my article, “Regulation Throws Sand in the Gears of Business” and e-mailed me a letter explaining why my article was an understatement. The advisor wrote: “We spend more of our time doing more and more ridiculous compliance activities and reports that make no sense other than to protect the broker dealer from the regulators. There’s not enough time in the day to do it all. Many of the reps in our group find working in the current atmosphere to be in overkill mode and doing business has become drudgery. Applications are increasingly lengthy and take forever to complete; are highly scrutinized making advisors feel they have to be on the defensive all the...

Don’t Treat Others In The Workplace As Equals, Treat Them As Unique Individuals

17:45 14 April in Articles Written by Jon Henschen by rafferty

April 13, 2021 By Jon Henschen, FA Financial Advisor Within a family unit you find little in the way of equality, as first-born children have clear advantages over succeeding siblings. First-born children are higher achievers, born leaders, and have higher IQs on average. They are 30% more likely to be CEOs because first born are doubly blessed—lavished with their parents’ attention and then entrusted to act as the rules enforcer of the family, which builds in them intelligence, discipline, and leadership qualities. Thomas Sowell, economist, social theorist and senior fellow at Stanford University’s Hoover Institution extrapolates on this reality when he asks, “If you cannot achieve equality of performance among people born to the same parents and raised under the same roof, how realistic is it to expect to achieve it across broader...

Regulations Throw Sand In The Gears Of Business

23:02 25 March in Articles Written by Jon Henschen by rafferty

March 19, 2021 By Jon Henschen, FA Financial Advisor The money spent on regulation and whether those dollars are ultimately cost effective in their stated goal rarely correlate. A prime example of this is the brick and tile industry, where the EPA and OSHA imposed rules in an effort to reduce mercury and particulate matter in the environment, which resulted in enormous costs. The industry had already experienced the Brick MACT rule in 2003, which required brick manufacturers to spend millions on scrubbers in order to help control emissions, however that rule was later thrown out. The EPA requirements passed in October of 2019 will cost the brick and tile industry $100 million annually, with the net result of 118 fewer pounds of mercury and 170 tons fewer of particulate matter being released...