Posted with QuickPress:As I mentioned earlier this month, I’m training new staff and giving several presentations to professional organizations. As such, blog updating has taken a back seat. I plan to be back in April with insight on TWR performance reporting flaws, custodian captivity concerns involving custom tools, and a review of Smarsh’s recently unveiled CRM.
Until then, you can follow my micro updates on Twitter.
The Technology Tools for Today Conference (T3) kicks off today at the Dallas InterContinental Hotel in Addison, TX. Due to scheduling conflicts, I’m not able to attend, but I will be able to stay on top of the action at the conference through blogs and people I follow on Twitter.
Here are some useful links to keep up to date on T3 events.
Blogs
The Internet community (including the Twitter population) is buzzing about the latest Terms of Service posted by Facebook this week regarding the company’s unrestricted rights to use any content posted on their site. This resulted in significant backlash from irate users, whereupon Facebook promptly revised the terms. For more details, read:
PC World: Facebook Owns Your Business Data
CNN: Expert: Social networkers risk ‘losing control’ of privacy
AP: Facebook backtracks on terms of use after protests
There’s a lesson in this story for financial advisers. Yes, you can prevent client backlash by polling them ahead of implementing new policies. This principle also applies to vendors to the financial services industry.
Back in May I wrote about joining the Twitter bandwagon to see whether or not this new social media outlet had any relevance to my daily responsibilities. After about 400 updates in my Twitter profile, I struck gold.
Over the last week, our firm has been implementing tax loss harvesting strategies across our entire book of assets. As one might imagine, there are many, many individual trades to identify, submit, track, and confirm, as we want to ensure that all activity is executed without errors for our clients.
I often come across times when I want some real-time insight on a topic that’s garnering tremendous interest. The recent volatility of the stock market certainly has created widespread concern. Today is no different as the global stock markets are reacting negatively to the proposed bailout legislation (I could link an AP news article here, but I’m afraid the context will be obsolete tomorrow!).
But what specifically are people talking about?
I was flipping through the July 2008 issue of Financial Advisor magazine today, and what do I find on page 69?
It’s the Twitter whale! I wonder if the image was used with permission…
A few days ago I encountered an article on TechRepublic by Jason Hiner. He mused as to whether or not Twitter is the most important web development of 2008.
Jason’s article incited a flurry of comments as to the relevance of such a simple application, but there doesn’t appear to be an overwhelming consensus arguing a particular side. On the one hand, Twitter provides a super-quick way to post updates on current user activities. On the other, Twitter provides an outlet for updates on any topic, from business activities to what’s cooking for dinner. Personally, I’m not captivated by knowing what’s on my friends’ culinary menu.
