About Using "Unapproved" Money Management Systems.

As you may know, most every investing strategy your BD wants you to use ends up getting lousy investment performance. Especially if you hire their outside "money managers."

So if you're interested in using our models, asset allocation software (and/or the mutual fund selections), but think your Broker Dealer won't approve it; there's still hope.

First, submit it for approval and see what they say. What you want to submit is a demo or a webpage.

If they don't approve it, then here's what you can do:

Gather the data needed for input into the software using any investment fact finder that's approved. Print it and keep it on file. Then use this investment software (and/or investing questionnaire) at home on a non-work computer and write the bottom-line trades down.

When you get back to the office, make the trades and manage the portfolio as usual.

Just don't show, print, nor give any of the reports to anyone. Don't tell anybody, don't put anything in their paper or computer file (at home or at work), and nobody will ever know.

You'll get the same great results as if everyone had hard copies.

Basically, if you're not telling or showing clients your system, then it doesn't need to be approved. This is because you're "not communicating" anything to the public, and only "communications" need to be approved. If you're not communicating, then there's nothing to be approved. If you're not using a system, then it doesn't need to be approved. So if you keep it all a secret, then nobody can prove you're using an "unapproved system."

The irony is that one is allowed to just wing it (create and implement investment portfolios) ad hoc, with no clue, system, communications, strategy nor plan at all according to BD compliance and FINRA. Yes, managing money for clients without a clue is perfectly legal and happens about 75% of the time.

So this is what you'll appear to be doing.

So just tell others you're winging it on intuition, and nobody can do nor say anything about it. So what you're doing is using one of the best systems ever created, telling others you're not using any system at all, and then you can use this asset allocator software to get good results, everyone will be happy, and only you will ever know. It works great.

They will think you're a genius and will wonder how you're doing it. Just tell them you use a little of this and a little of that and you're a good mutual fund picker. This is the same generic investor strategy everyone else is using anyway, so they'll think you're doing the same thing, but are just better at it.

If colleagues ask you to show or train them on what you're doing, just say no.

The only difference is that clients won't have printed reports. If what you're limited to using doesn't have printed reports of value anyway, then they won't be missing anything.

This way you can get the low risk and good returns by funding a pure asset allocation strategy with mutual funds, and you'll minimize the whole compliance annoyance and/or getting into trouble (for doing good things for clients for a change).

You can then input current and proposed portfolio data into Morningstar Principia if you want to give or show clients approved reports (AKA approved fund detail pages).

Personal Finance Software Modules For Sale
(are listed below)

Fully-Integrated Financial Planning Software

Menu of Retirement Planning Software

Asset Allocation Overview with Historical Portfolio Performance

Comprehensive Asset Allocation Calculator

Asset Allocation Models with Investment Track Record

Monthly Updated Mutual Fund Picks

TVM Financial Tools and Free Financial Calculators

Financial Planning Fact Finders

Investment Policy Statement Software

How-to Money eBook for DIY Investors and Critical Reading for Financial Advisers

Several Bond Calculators for Duration, Convexity, YTM, Accretion, and Amortization