What did Larry Summers really think of the Winklevoss twins? “Rarely, have I encountered such swagger, and I tried to respond in kind,” the former president of Harvard said in an interview at Fortune’s Brainstorm Tech conference. Cameron and Tyler Winklevoss were at Harvard at the same time that Mark Zuckerberg launched Facebook, and they had come to Summers for help in their fight for a piece of the action. Summers dismissed them, a scene dramatized in the movie the “Social Network.” Summers didn’t try to dispel the portrayal. “One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole. This was the latter case.” [Fortune]
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
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1. She Isn’t Certified
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“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
When meeting a potential planner, remember that you’re allowed to ask questions about their experience and priorities: “Do you think it’s more important to save for retirement or pay off debt? How do you feel about supporting kids through college? How do you mitigate investment risk as your clients get older?”
The choices you make with your money are intensely personal. The person who helps you make these choices should be able to understand and accept your financial priorities, and help you use your money to meet them.
5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
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I’d like to “+1″ Larry Summers for his comment.
Awesome.
For once this guy got something right!u00a0
Larry forgot “facing suspension” as a reason for an undergrad to get dressed up.u00a0
So Larry, nothing about betting theu00a0operating budgetu00a0on Denham, Charles Bank, Fortress, et al?
… and woman are bad at math.
I don’t get it – I wore ties and jackets all the time around campus. Helped me to create value and solve problems.
* women
The blazer I wore that day came from the Brooks Brothers flagship store on Madison. Those are the only true Brooks Brothers’ navies. Other navies might as well be from the outlets. My tie was Paul Stuart or J. Press, I can’t remember. All topped off nicely with a pair of Alden bucks. We would never wear something as nouveau riche as Hermes, Ferragamo, or that other Euro-trash. We wanted to show Mr. Summers the respect that an institution like Harvard commands, and treat others with respect as well. And Mr. Summers acted like a member of the proletariat. nnNo one talks down to Winklevoss. Just try. I’ll sue you and your family. Do you know who my father is? Do you know who I am? Better than you and that’s all you need to know. nn- Tyler Winklevoss
Brooks Brothersn”when you just feel like giving up”
What if they are dressed all in Vineyard Vines does that make them a clown or d bag?
Larry Summers has mistaken me for this dickhead Marcus Halberstram. It seems logical nbecause Marcus also works at P&P and in fact does the same exact nthing I do and he also has a penchant for Valentino suits and Oliver nPeoples glasses. Marcus and I even go to the same barber, although I nhave a slightly better haircut.nn
yes
As someone who just discovered what an “out” is, I now feel my fashion knowledgeu00a0may beu00a0lacking as well. Are Bonobos also in poor taste?
You don’t wind up in front of the President for that; just the Dean of Students (or Student Life or whatever the bs pc title-of-the-day is)nn-guy who’s been there, done that…
You don’t wind up in front of the President for a job interview either.. category was why undergrads wear a suit period… Suit up.nn- Barney Stinson
why don’t you meet me at Dorrian’s and find out for yourself?
Larry: What would you say if man walked in here with a tie and a jacket on a Thursday afternoon, and I listened to him? What would you say?u00a0Tyler W: He must have had on some really nice Bonobos
ConnectU would have sucked anyhow, douchenozzles
Also +1 for Larry.nnBut I must say, as an undergraduate for 4 years, I have also learned a few things. u00a0If a university administrator has a pulse, then there is one possibility… he’s an asshole, just punching the time card until his pension kicks in.
One of the things you learn as a college president at Harvardu00a0is that if an undergraduate is wearingu00a0a mini skirt,u00a0a large blue blazer, carrying her heels and make-up smearedu00a0about her faceu00a0on Thursday afternoon at three ou2019clock, there are two possibilities. One is that the BC fuck truck is missingu00a0a straggler; the other is that they’ve been to The Porcellian recently.
And people who wear hoodies all day every day are not assholes?
Charlesbank has killed it though.u00a0
I will need to meet you outside since I probably won’t pass the dress code there.
Larry has his motives…he’s clearly pissed with the whole doorknob episode.
Drop the Connect
u201cOne of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three ou2019clock, there are two possibilities. One is that theyu2019re looking for a job and have an interview; the other is that they are an a**hole.” nnHe should embrace the power of “And”.u00a0
No girls allowed inside the Porc, but thanks for playing.
Then you must have killed it in college. Nicely done.
Then you must have killed it in college. Nicely done.
But they’re good at spelling.
Or maybe they're nervous about meeting the president of their university and want to make a good impression?
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Merely one thing to think about. I’m glad I identify about it at least.