Lenox Book of the Month: The Power of the Other by Dr. Henry Cloud

Lenox Book of the Month: The Power of the Other by Dr. Henry Cloud

Dr. Henry Cloud, author of Integrity, Necessary Endings, and Boundaries for Leaders identifies the crucial piece for personal and professional success, showing us that most successful people benefit from key personal and professional relationships that encourage us to grow.

Current thinking suggests that others should not have power over us, but, they do, for better or for worse. No matter how accomplished, bright, or sophisticated, the best leaders share one thing: the power of the others in their lives. 

In this book, Dr. Cloud shows us how to get more from ourselves. You may not have a choice whether or not others have power in your life, but you can pick the type of relationships you want.

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If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Happy, Safe "Home Sweet Home" As We Age

Happy, Safe "Home Sweet Home" As We Age

Happy, Safe “Home Sweet Home” As We Age

Check out these smart ways to age in place.

 

Is this you?  Your aging parent(s) want to remain in the house where they’ve lived for many years and where they are comfortable with memories, friends and neighbors.  No moving to a senior facility for them!  You want to be supportive but are worried they might fall, forget to take their medicines, not eat properly, try to do chores beyond their ability, and on and on.

According to “The United States of Aging Survey” (AARP June, 2012), approximately 90% of seniors (age 60+) plan to continue living in their current homes for the next five to 10 years of their life.  Of these individuals, 85% are confident in their ability to do so without making significant modifications to their homes.

However, that confidence dwindles as people get into their 70s and beyond.  According to the same survey, “although 65% of seniors between the ages of 60 and 70 find it very easy to live independently, among those aged 70 and older, only 43% find it very easy.  Nearly two in 10 Americans aged 70 and older say either they can’t live independently and accomplish daily tasks without assistance from caregivers or community resources or find it difficult to do so.” 

The truth is, aging in place can be enormously healthy mentally, physically and psychologically for many older adults.  Sometimes, all it takes is making a few modifications to their living spaces to help keep seniors independent, safe and secure in their own home. 

Here’s are some of the many ideas, tools, technologies and products specifically for older adults to help them age in place.

 

In the Kitchen

  • Replace kitchen rugs with non-slip versions
  • Replace cloth potholders with non-flammable ones
  • Install smoke and carbon monoxide alarms and change out batteries every year on a birthday
  • Install a fire extinguisher and role play how to use it should it be needed
  • Swap out heavy glass bowls for lighter weight, unbreakable plastic versions
  • Get a rubber grip opener to make it easier to open jars and bottles.  Visit www.vivehealth.com to read “7 Best Jar Openers for Arthritis”, March 12, 2018
  • Move frequently-used items to lower shelves for easy, day-to-day access 
  • Purchase a solid, rubber-footed step stool to reach higher areas and climb only to the first step.  Ask for help to reach the highest items.
  • For stovetop cooking, set a countertop or other type of alarm for each time you’ll need to tend to the pan or skillet again.  Do not leave the kitchen without doing so.  It can be easy to get distracted and forget you left something on the stove. 

 

In the Bathroom

  • Use only bath rugs that have a non-skid backing
  • Add non-skid mats or tape to the tub or shower floor
  • Install sturdy grab bars where needed in the bathroom
  • Install an anti-scald device to your tub and shower faucet to prevent hot water burns

 

All Living Spaces

  • Repair any loose carpet, tile, or raised areas of flooring
  • Replace raised door thresholds with no-step, no-trip, beveled thresholds
  • Keep clutter to a minimum and definitely away from traffic patterns
  • Install light switches at the top and bottom of stairways, at the entry and exit of rooms and porches, inside the garage, and along outdoor walkways
  • Get rid of electrical cords that can be a trip hazard.  Try cordless lamps instead.
  • Keep several flashlights throughout the house –– in the kitchen, bedside, in the bathroom, in the garage, on a porch, in the car, in the basement, and even a small flashlight for your purse, pocket or keychain.  You’ll want easy access to light should there be a sudden loss of electricity.
  • Install railings along outdoor steps and walkways

 

Medications

  • Faithfully use a pill reminder box/pack (versions can be found at discount stores and drugstores)
  • Look into MedMinder –– a subscriber plan.  This digital pill dispenser flashes or unlocks at the time preprogrammed by a family member or caregiver.  The box beeps and if it’s not accessed, the voice of a family member or caregiver issues a reminder.  If still no response, the senior gets a call and their contact person also is notified.
  • CareZone is a no-cost phone app that buzzes when it’s time to take medications, leave for appointments, refill prescriptions.  CareZone also stores your complete list of medications via a photo you take of all prescription bottles.
  • Reminder Rosie is a talking clock that lets your record up to 25 reminders at a time in the voice of a family member or caregiver. 

 

Personal Emergency Response Systems

  • Choose a monitoring company, such as MobileHelp, Great Call, First Alert and others.  Look into systems that work both at home and wherever the older adult may be.
  • Look into systems that alert you as to the activity level of the senior.  BeClose and Lively are two options that will alert you to any unusual activity in the home –– such as if your loved one is wandering or leaving the house unexpectedly, or if lights have not been turned on by a certain time in the morning.

 

At Lenox, as part of our Wealth Impact services, we work closely with seniors and with families to help make the later years of life as enjoyable, happy and easy as possible.  If we can help you or your loved ones, just ask us about our EMBRACE program.  We have a Certified Senior Advisor® (CSA®) on our staff who will be happy to share more.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

 

Personal values and the decisions you make

Personal values and the decisions you make

It’s time to get your personal values, goals and money priorities out on the table... literally.  Our Honest Conversations® exercise helps you prioritize money goals, make important tradeoffs, and get to money-related decisions that everyone can live with at home or at work. 

May 2018 Outlook on Procter and Gamble Co. (P&G)

May 2018 Outlook on Procter and Gamble Co. (P&G)

 May 2018 Outlook on Procter and Gamble Co. (P&G)

 Current P&G Stock Outlook:

  • We are reducing our $99/share price target to $91/share, reflecting increased concerns about aggressive price competition in the Grooming and Baby Care businesses.
  • We continue to believe the forecast numbers being provided by P&G’s senior management and conclude the current stock price may represent an unusual value, especially with the dividend yield close to 4%.
  • For perspective, P&G’s total market cap at $183 billion has not changed over the last 10 years. Over that same time-frame, the dividend yield has increased from 2.5% to almost 4%, and the company has repurchased over $59.2 billion in stock.
  • For perspective, Wall Street analysts have an average 12-month stock price target of $81.79/share. There has been a $12.13 decrease in Wall Street Analyst average since our January 2018 Outlook.  Analyst forecasts now range between $72/share and $98/share, representing a whopping $26/share difference.
  • This sudden decrease, and unusually wide range of analyst forecasts, suggests that some Wall Street analysts are skeptical about P&G’s plans and ability to deliver on their provided guidance.
  • Unfortunately, this may also indicate there may be increased risk that Jon Moeller, David Taylor or both could be at risk of losing their jobs. We do not believe this would be good for the company, employee morale, or the short-term stock price.
  • We would hope that Nelson Peltz proceeds slowly as he enters the Board and are hopeful that he gives David and Jon adequate time to fully explain the company’s current strategy and results.

Highlights of P&G’s Quarterly Results:

  • For the third quarter FY 2018, P&G delivered modest incremental growth, exceeding Street estimates on both the top and bottom line.
  • P&G reported third quarter FY 2018 net sales of $16.3 billion, a 4% increase versus the prior year.
  • P&G had organic sales growth of 1% for the third quarter on 2% organic volume growth.
  • Core EPS rose 4% over the same period last year to $1.00, exceeding analyst estimates of $0.98 per share.
  • Organic sales increased in three of five business segments, led by the beauty segment with a 5% increase in organic sales year over year.
  • As expected, the Grooming & Baby Care segments are challenged, with each seeing a 3% decline in organic sales.
  • Operating cash flow for the quarter was $3.4 billion.
  • In Q3, P&G returned $3.2 billion to shareholders through a combination of $1.8 billion in dividends and $1.4 billion in share repurchases.
  • On April 10, 2018, P&G announced a dividend increase of 4%, from $0.6896 to $0.7172 per share. This marks an improvement over the 1% dividend increase in 2016 and 3% dividend increase in 2017. For perspective, historically dividend increases have averaged around 8%.
  • P&G also announced the purchase of Merck KGaA Consumer Health Business for $4.2 billion. The purchase adds a differentiated, growing portfolio of OTC products, while expanding their footprint into a majority of the world’s top 15 OTC markets, including Asia & Latin America 

Fiscal Year 2018 Guidance:

  • P&G maintained its guidance for organic sales growth in the range of 2% to 3%, adding they are at 1.4% fiscal year to date and expect to be at the low end of the range.
  • P&G expects all-in sales growth of approximately 3% for FY 2018.
  • P&G improved the range of its FY 2018 guidance for Core EPS growth to 6% to 8%, up from 5% to 8%.
  • For FY 2018, dividends are expected to be in the $7.5 billion range, and share repurchases are expected to fall in the range of $6 to $8 billion.

Understanding $91 Price Target:

  •  P&G did beat the third quarter forecast
    • Although the revenue lines continue to reflect slow growth. P&G did beat the earnings forecast for the quarter.
    • We did not understand the selloff in the stock last quarter, and were surprised to see it sell off more after the quarterly earnings were released.
    • Based on the selloff in the price of the stock, there does appear to be an increasing credibility gap between P&G’s senior management and Wall Street.
    • David Taylor joined Jon Moeller on the call for the first time. We see this as a strong positive.
    • David & Jon were both open and direct about P&G’s challenges, especially in the grooming and baby care businesses which was encouraging. The news they shared was not a surprise. As David indicated, we understand the problems, we have seen them before, and we know how to fix them. 
    • When challenged by the analysts about the future attractiveness of the Consumer Package Goods Sector, the ability of P&G to add value for consumers, and the timing of Merck KGaA Consumer Health Business we thought David and Jon provided solid answers. 
  • We believe that Nelson Peltz and Trian Partners will bring Shareholder Point of View and increased focus to the Board and Management.  
    • Nelson and Trian have a strong track record of adding value for shareholders and holding management accountable.
    • We believe Trian has the potential to bring an additional $30 to $40/share in value to the price of the stock. We do not believe that P&G’s current plan brings a “private equity” mindset to the company, which may create opportunity.
    • Though unpopular, we believe adding Clayt Daley to the mix will help streamline communication, create a better working relationship with Trian, and reduce the risk that David Taylor or Jon Moeller leave the company prematurely or for the wrong reasons.
    • The 2018/19 Firm forecast will be a key testing ground for Nelson, P&G’s senior management, and the Board.
  • Continued Cost Cutting—P&G continues to focus on driving out organizational inefficiencies. After completing a $10 billion initiative launched in 2012, P&G launched another $10 billion cost savings initiative. The company expects much of this cost savings to come from driving down the cost of goods and increasing productivity. Based on guidance, it is unclear what percentage of the $10 billion, will drop to the bottom line.
  • Macroeconomic, Political, and Competitive Risks—P&G identified several key risks that they have not taken into consideration in their guidance: Significant strengthening of the US$, further commodity cost increases, further political and economic volatility, and significant deceleration of market growth rates.

 

The above material is not investment advice and should not be relied upon by any person in making financial investment decisions.  The price of P&G shares may go down in value and at no time reach the above listed Lenox price target.  Any persons reading these materials should not take any actions without first contacting their investment and tax advisor.

 

 

 

 

Past Performance is not indicative of future results.

 

This newsletter is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Source: P&G Earnings Release 04/19/2018

Life is Learning

Life is Learning

At the rate in which the world keeps changing... technology keeps expanding... and innovation keeps surprising, it takes a concerted effort to keep up with things. Discover why ‘Life is Learning’ and how you can take simple steps to keep up.

How do you think and feel about money?

How do you think and feel about money?

The Money Mind® Analyzer is a remarkable tool that will open your eyes not only to your own money attitudes but to those of your spouse, other family members, or business partner(s).

FINANCIAL LIFE GUIDANCE - TOOLS TO USE STARTING NOW

FINANCIAL LIFE GUIDANCE - TOOLS TO USE STARTING NOW

FINANCIAL LIFE GUIDANCE – TOOLS TO USE STARTING NOW

Ready to take next steps to meet your Wealth Creation, Wealth Management and Wealth Impact goals?  Let’s get busy.

At Lenox, we are proud to team up with United Capital and bring you their leading-edge tools you can access online to put your financial plan in motion. 

The process is easy, eye opening and exciting.  Discover your personal attitudes towards money.  Identify the values and goals that determine your financial choices.  Understand trade-offs in making investment decisions. Explore questions such as, “What do you want your life to be like?” and “Do you have the resources to live the life you want?”

Our platform offers tools such Money Mind®, Honest Conversation®, Investment Viewfinder, Guidecenter, a Priority Action List, and the Financial Control Scorecard®.

Over the next few weeks, we will highlight each of the elements on our platform to help you understand how Lenox can help you Fund a Life You Love®.

Stay Tuned!

 

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review or a quick 15-minute to see if we can help.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love®.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Wealth Impact

Wealth Impact

Wealth Impact

Like you, we know that success is measured not just through a financial lens, but also in one’s personal happiness. How do you define happiness? Is it the money you make or the joy it can create, whether for you, your family, your business, or community? For most people, it’s the sum of all of these. It’s realizing your purpose and values and “living” them. We can help you do that.

The opportunity to share one’s wealth is often described as the most meaningful of moments in life. We have experience in helping to make your wealth work for you and the world around you. Trust us to thoroughly assess organizations, causes and institutions that interest you, and assure that your charitable gifting is facilitated professionally, accurately and to the advantage of all concerned.

We believe in community and giving back, knowing that this is just one way to make the world a better place for all of us.

Visit our 'Lenox Gives Back' page to see the non-profits we have supported over the years.

 

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review or a quick 15-minute conversation to see how we can help.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

7 No-Excuse Budgeting Tips

7 No-Excuse Budgeting Tips

7 No-Excuse Budgeting Tips

Take charge of your money once and for all.

 

Budgeting is never easy.  However, it is absolutely necessary in order to take charge of your finances.  If you’ve been putting off budgeting, stop the excuses and start now.  You deserve the financial security, comfort and peace of mind that come with being in control of your money. Here are 7 real-world tips.

 

1.     Put it on paper.

Write down ALL of your monthly “musts” (these are your needs –– rent, mortgage, utilities, auto expenses, insurance, fees, savings, etc.)  Then, write down your list of “maybes” (these are your wants –- new clothes, dinners out, travel, decorating, etc.)  Religiously set aside money for your musts.  Any monies left over can go toward your maybes, BUT only after all musts are covered.

 

2.    Find a budgeting system that works for you.

Some people will keep an online or printed list of their “musts” and “maybes”.  Others will go so far as to hang their lists on their kitchen or home office wall.  We know of one person who color codes her stack of bills each month with post-it notes, saving pink post-it’s (her favorite color) for her stack of maybes.  Use whatever system you want –– if it works for you, it works!

 

3.    Focus on happiness (be a glass half-full, not half-empty, kind of person)

Everyone lets the tough parts of life get to them, but the harder you work to maintain a positive attitude about whatever crosses your path, the less likely you’ll be to sabotage your budgeting by using “retail therapy” to get over the blues.

 

4.    Make a plan for the future. 

At Lenox, we have our clients do a quick exercise called “Future Focus”.  We ask you to look ahead and write down how you want your life to be in three years.  Then, we help you set a plan and work backward to get to where you want to be.  The trick here is set the plan.  Without a plan, you never have a map for your future, the motivation to build your skills and career in the right direction, or the subconscious reminders that encourage savings and discourage unnecessary spending.

 

5.    Change your mindset as to where you find fulfillment.

It can be a pivotal moment in life when you realize that buying and owning a lot of stuff doesn’t always feel as fulfilling as you had hoped.  Yes, it can be fun in the short-term to shop, buy and accumulate, but if in the long-term it derails your budget and puts you in serious debt, the initial rush of happiness will fade to lingering guilt and angst.  Look for other ways to find fulfillment.  Think fitness, volunteering, conquering a new hobby, improving your cooking skills, building something from scratch, starting your own business, you name it.

 

6.    Unsubscribe from retailer emails.

The sales and deals are amazing, right?  If you don’t buy it now, you’ll never get it again at that price.  Plus, you get free shipping and free returns, so why not order it.  Before you submit your order, STOP!  Retailers do an excellent job of enticing us to buy things we don’t need.  Don’t let them undo your budget.  You’re smarter and stronger than that. Put items in online “shopping carts” but wait 24 hours before you make a purchase.  You may forget you even had things in your cart (proof they weren’t all that important).  Try NOT purchasing anything after dinnertime.  A glass or two of wine and your common sense and self-control dissipate.  Or just flat out unsubscribe –- no temptation, no damage done.

 

7.    Learn to say “no”.

You don’t need to just work and not do anything else, but be selective in how you spend your discretionary monies.  If your budget won’t support traveling to the remote island for the bachelor party, say thanks but “no”.  If your friend constantly gives you pricey gifts and you can’t reciprocate without bashing your budget, suggest the two of you have a nice dinner instead.  If your best buddies are constantly going on weekend getaways, pick one or two trips you can afford, but don’t get pressured into spending money you don’t have just to fit in.  Real friends will understand.

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from budgeting and savings, to career planning and coaching, to paying off debt, funds for education, wealth creation, wealth building and wealth management.  Looking at the big picture is one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Have you heard of Cog's Ladder?

Have you heard of Cog's Ladder?

Have you heard of Cog’s Ladder?

This tool for team development has been used in business for almost 50 years!

 

Every company struggles with team development at one time or another.  Perhaps that explains why there are hundreds upon hundreds of books and courses written on the topic.  Working your way through the maze of processes, models, systems and approaches offered can be as challenging as their facilitation. 

Some companies devote an entire department to team development.  If you’re a small business, you may not have that luxury, so let us introduce you to a team development model that we’ve used successfully at Lenox with many of our growth-oriented business clients.  It’s called Cog’s Ladder.  First developed by a Procter and Gamble manager, George Charrier, in 1972, this model simplifies team development to a five-phase process based on his observation of how groups interacted, from their initial meeting to becoming an aligned and high-performing team.

 

Here is a quick snapshot of the 5 Phases of Team Development according to Cog’s Ladder.  For more details, give us a call at 513.618.7080.

 

Phase #1:  The Polite Phase

Think of this phase as walking into a party and not knowing anyone.  You’re scoping out things, not yet sharing much about yourself while, at the same time, trying to figure out the people around you and where you fit into the group.  The focus at this stage is on people as individuals.

 

Phase #2:  The “Why are we here?” Phase

You’ve met the people in the room, now it’s time to learn why you’ve been called together.  The “host” (moderator) gives you the lay of the land, conveys your team’s purpose, and delegates responsibilities.  As things become clearer, communication increases and conversation is easier, more open and more natural.  The focus at this stage is on the formation of the team.

 

Phase #3:  The Power Phase

The team is beginning to form its own natural hierarchy as the variety of personalities blend and find their comfort zone.  Get ready for the “alpha” personalities –- the most confident and competitive individuals –- to come to the fore.  These more vocal team members will speak up as to how they see things should be done, while more reserved individuals will decide with whom they agree.  The focus at this stage is on the moderator letting this natural shake-out of the team to occur.

 

Phase #4:  The Cooperation Phase

With team members knowing their role, the group can start to work toward its purpose.  Ideally, everyone is contributing and feeling fulfilled in their respective role.  As progress is made, momentum and camaraderie build.  The focus at this stage is on continuing to nurture all team members and the importance of what each of them brings to the table for the team’s shared success.

 

Phase #5:  The Esprit de Corps Phase

By now the team is working smoothly with productivity and efficiency at a peak.  Team members are content and appreciated; their skills and energy applied toward the team’s purpose.  The focus at this stage is to keep this high point of performance going as long as possible in order to attain all goals.

 

 

 

At Lenox, we work closely with business owners, executives and leaders to help guide coach you through the challenges of business from a financial and business growth perspective. You can trust that we’ve experienced many of your same concerns and, as such, are happy to share what we’ve learned as to what works and what doesn’t. It’s one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Event Recap - A Discussion with Jim Stengel

Event Recap - A Discussion with Jim Stengel

Event Recap - A Discussion with Jim Stengel

 

Jim Stengel, author of “Unleashing the Innovators: How Mature Companies Find New Life with Startups”, spoke to a group of over 70 people at Lenox Wealth’s event on Wednesday evening.

After giving a brief history of his experience as CMO at Procter and Gamble and launching his business 10 years ago, Jim talked about the work he is pursuing now. Believing what you read is first and foremost, the audience piped in about what they were reading today. He commented on the different books and their relevance in today’s world.

His revealed his latest read, a book called “Scale” based on the statement that the only way to grow your company is to reduce it’s reliance on you.

His other? Hero of the Empire about Winston Churchill, a fascinating read.

Jim asked what the odds of a company being in business 200 years ….1 in a billion! Procter and Gamble is 180 years old. The takeaway is that many older companies can get caught up in what they are and are too slow to react.

Startups take risk, trying new things and bringing new life to some of our oldest companies by disrupting them. This leads to a stronger and more viable company.

At one point, Jim discussed a one-month job swap that was done between Google and Procter and Gamble employees. The learning was incredible- both Google and Procter and Gamble benefited greatly from the exercise, rethinking how they looked at their day-to-day businesses, their culture, how people work together, etc.

In his book, he takes us inside some of the great corporations to see what they are learning from their alliances with the startups.

Bottom line, there is always learning in everything we do and experience.

  • Keep an open mind, your way may or may not be the best way.
  • Find a career that matches your special gift.
  • Find your sweet spot and passion.
  • Love what you do.
  • Failure is not a sin.
  • When a company gets more from you than you get from them, it is time to move on.
  • If you leave a big company and it doesn't work out, you can always go back.
  • Take more risks.
  • Enjoy life!

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from budgeting and savings, to career planning and coaching, to paying off debt, funds for education, wealth creation, wealth building and wealth management.  Looking at the big picture is one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

LENOX Book of the Month: Your Best Year Ever by Michael Hyatt

How do you make this year Your Best Year Ever? And, where do you even start? Many times the day to day gets in the way. Michael Hyatt has developed a powerful, proven, research-driven system for setting and achieving goals.

He helps us get past old beliefs that hold us back and encourages us to move forward with achievable goals. Take a look to see where this can take you. Make 2018 your best year ever!

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LENOX Non-profit of the Month: HONOR FLIGHT Tri-State

LENOX Non-Profit of the Month: HONOR FLIGHT Tri-State

What is HONOR FLIGHT

 

HONOR FLIGHT Tri- State is a Cincinnati based non-profit organization created to honor America’s Veterans for all their sacrifices.  They fly our heroes to Washington D.C. to visit and reflect on their memorial -- absolutely FREE. Top priority is given to senior veterans – World War ll, Korean, Vietnam veterans. They are now accepting applications from anyone 65 and older, who served stateside or overseas.

When the National World War ll memorial opened in 2004, Earl Morse, (retired Air Force Captain and Physician’s assistant working for the VA) noticed that patients who had served in WW ll were excited about the Memorial and loved talking about it. Mr. Morse realized, however, that age, finances and poor health, prevented them from making the trip to Washington to see their memorial alone. He came up with an idea – he would take them!

The first HONOR FLIGHT flew in May 2005 with six small private planes from Mr. Morse’s flying Club with 12 World War ll Veterans, on board from Springfield, OH.  In 2006, with the waiting list of veterans expanding rapidly, they transitioned to commercial airline carriers to accommodate the maximum number of Veterans as quickly as possible. To date, the Honor Flight Network has flown over 200,000 vets nationwide from over 144 HUBS in the USA.

Based on recent statistics, the U.S. is losing World War ll Veterans at a rate of 800 per day. HONOR FLIGHT will continue to do whatever it takes to fulfill the dreams of our Veterans, and very importantly, all of our hero’s travel at no cost to them. This is why they have stepped up their fund-raising efforts to accomplish their mission, while the Veterans are still able to travel.

“It is our distinct pleasure and singular honor to be with these Veterans, on their special day and to see the respect they all have for each other and our country,” said one of their guardians.  “It is a day that will change your life”, their director, Cheryl Popp commented. Every vet is accompanied by a guardian / escort.  All guardians travel at their own expense and many guardians have been on several trips. The fee for 2018 is $500 per guardian.

HONOR FLIGHT Tri- State is affiliated with the HONOR FLIGHT NETWORK and is serving the Veterans in the Greater Cincinnati, Northern Kentucky and southeastern Indiana. We are now taking applications online for all flights.

Honor Flight Tri- State flew 380 Veterans in 2017

The projection for 2018 is over 400!

Help us make a difference in a Veteran’s life… with a trip of a lifetime!

www.honorflighttristate.org                                   Hotline number -513-277-9626

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Save Money by Shopping Strategically

Save Money by Shopping Strategically

Save Money by Shopping Strategically

 

Patience is not only a virtue; it can save you a lot of money when it comes to shopping.  Smart shoppers know that waiting pays off, especially when making major purchases.  That’s because many items are deeply discounted at certain times of the year.  Plan accordingly and the savings are yours to enjoy.

Here’s our list of traditional times to get the best deals, but be sure to check for specials year-round. And, download one or more of today’s many shopping apps so that you can price compare in real-time.

 

Our 12-Month “Best Time to Buy” Guide

 

January          Bedding and Linens (“White Sale” events)

                        Winter Clothing

                        Winter Sports Gear

                        Exercise Equipment –- Treadmills, Elliptical Trainers

                        Furniture

                        Carpeting

                        TVs

                        Video Games

                        Motorcycles

                        Broadway Tickets

                       

February         Cell Phones

                        TVs and Home Theaters

                        Mattresses

                        Humidifiers

                        Winter Coats

                        Winter Sports Gear

                        Broadway Tickets

 

March             Digital Cameras

                        Exercise Equipment (Treadmills, Elliptical Trainers)

                        Boxed Chocolates

                        Golf Clubs

                        Luggage

                        Frozen Foods

 

April                Carpet

                        Desktop and Laptop Computers

                        Digital Cameras

                        Sneakers

                        Cruises

 

May                 Refrigerators

                        Mattresses

                        Office Furniture

                        Baby Gear (Strollers, High Chairs, etc.)

                        Interior and Exterior Paints

                        Wood Stains

                        Desktop and Laptop Computers

 

June                Dishware

                        Exercise Equipment (Treadmills, Elliptical Trainers)

                        Gym Memberships

                        Tools (Workshop, Yard)

                        Indoor Furniture

                        Summer Sports Gear

                        Camcorders

                       

July                 Furniture

                        Home Decor

                        Tools (Workshop, Yard)

                        Video Games

                        Summer Clothing

                        Decking

                        Camcorders

                        Interior and Exterior Paints

                        Wood Stains

 

 

August            Kids’ Clothing

                        Back-to-School Supplies (Backpacks, gear, etc.)

                        Bedding and Linens (“White Sale” events)

                        Storage

                        Snow Blowers

                        Outdoor Furniture

                        Air Conditioners

                        Dehumidifiers

                        Office Furniture

                        Office Supplies

                        Swimsuits

 

September     Appliances

                        Bicycles

                        Automobiles

                        Lawnmowers and Tractors

                        Snow Blowers

                        Office Supplies

                        Printers

                        Wine

                        Desktop and Laptop Computers

                        Interior and Exterior Paint

                        Digital Cameras

                        Broadway Tickets

                        Holiday Airfare

 

October          Appliances

                        Jeans

                        Patio Furniture

                        Lawnmowers and Tractors

                        Gas Grills

                        Desktop Computers

                        Digital Cameras

                        Broadway Tickets

 

November      Appliances

                       Gas Grills

                       Camcorders

                       TVs and Electronics

                       Tools (Workshop, Yard)

                       Candy

                       GPS Equipment

 

December      Golf Clubs

                       Pools and Pool Equipment

                       Major Appliances

                       Kitchen Cookware

                       TVs

                       Blu-Ray Players and other Electronics

                       Headphones

                       E-book Readers

                       GPS Equipment

                       Tools (Workshop, Yard)

                       Camcorders

                       Champagne

 

 

At Lenox, we help guide you to smart money moves every month and across every part of life.  We align life planning, career planning and personal financial planning to help you attain what matters most to you. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

How Small Businesses Can Destress Tax Planning and Reporting

How Small Businesses Can Destress Tax Planning and Reporting

How Small Businesses Can Destress Tax Planning and Reporting

Our 7-Point Guide Will Save You Time, Money (and Headaches)

 

We invite you to follow our tips for how small business owners and entrepreneurs can de-stress the burden of tax reporting and have more time to run their business.

 

Tip #1:  Understand what’s deductible and not as a business expense.

The things you spend money on to run your business day-to-day, such as office supplies, postage, printing, stationery and business cards, business publications, software, computers and other technology, ongoing education, auto expenses (for business-related travel), etc. are considered “ordinary” and “necessary” expenses and as such are tax deductible.  Also considered deductible expenses are the fees of attorneys, accountants, marketing agencies, graphic designers, website programmers, and other outside support.  For a full listing, check with your financial advisor or accountant.

 

Tip #2:  Keep track of business expenses on a regular (weekly) basis.

It’s easy to be so busy with work that you forget to log all of your business expenses.  However, don’t make the mistake of thinking you’ll remember them at the end of the quarter.  If you do nothing more than stash receipts in a designated drawer or binder with each purchase made, or organize them at the end of each week, you will be far more able to take full and accurate advantage of all deductions you have coming.  Remember, every deduction saves you money.

 

Tip #3:  Be aware of limitations regarding certain tax deductions.

Think twice before you host a pricey dinner for a roomful of prospects, or buy expensive gifts for clients.   Yes, these expenses are tax deductible but not at 100%.  Business entertainment is only 50% deductible, and business gifts are limited to $25/per person per year.  You’ll also want to look at the various methods for taking automobile expense deductions and determine which is best for you.

WATCH-OUT:  Money you spend to open your business –– any expenses incurred before your first sale –– are considered “start-up” costs and are subject to specific tax deduction laws.  Before spending money, thinking these costs are fully tax deductible, discuss them with your financial advisor or accountant.

 

Tip #4:  Understand from a tax perspective what it means to be a small business owner.

As a small business owner, you are both the employee and the employer.  That means you pay federal, state and city tax as well as social security and Medicare from “both sides of the desk”, so to speak.  This is why it’s so critical that you take all measures allowed to reduce your tax burden.  Also essential is that you take all deductions permitted for your type of business structure –– limited liability corporation, S-Corporation, partnership, etc. 

 

Tip #5:  Set up a retirement plan and make regular contributions.

Here again, as your own boss you are responsible for your own retirement plan. Talk to your financial advisor and/or accountant to set up a 401K plan.  Ask what your total contribution limit is per year at your age and do your best to maximize your contributions, remembering that you won’t be taxed on retirement plan savings until you withdraw those monies.

 

Tip #6:  See if you qualify for a home office deduction.

While it’s fine to run your small business from home and to take the home office deduction, the square footage allowable for this tax deduction must be used strictly for business purposes.  Also, in most cases you are not allowed to deduct both a home office space and another office space elsewhere –– it’s typically one or the other.

 

Tip #7:  Plan ahead for your tax liability.

Small business owners can be caught off guard especially in the early years and not have adequate monies set aside for taxes due.  It’s time well spent to ask the help of an expert in planning for your tax liability to avoid bad surprises when the tax bill arrives.

 

Starting your own business can be a lifelong dream.  It also can be demanding in ways you never imagined.  At Lenox, we help guide entrepreneurs and small business owners through the many steps of business ownership.  We help align your business and career planning with your personal financial planning, helping you attain what matters most to you and your family. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

Facts presented have been obtained from sources believed to be reliable.  However, Lenox cannot guarantee the accuracy or completeness of such information.  Lenox does not provide tax or legal advice, and nothing contained herein should be taken as legal or accounting advice.  Individuals should seek such advice based on their own particular circumstances from a qualified tax or legal adviser.

 

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

Is helping them financially jeopardizing your own future?

 

Most every parent is willing to help their adult kids financially in the event of an emergency, such as an injury or illness, the loss of a job or other crisis.  Many parents also are happy to help get their grown kids through a financial challenge, whether paying off student loan debt, credit card debt, or helping with the down payment on a first house.  This kind of parental support is temporary.  It falls under “this too shall pass”.

 

What can be troubling and financially devastating for parents is when providing their adult kids with financial support becomes long term and lasts for months or years.  This situation has increasingly become a reality for families as their college graduates and kids even older struggle to find employment and, in turn, have either moved back home or asked their parents for monthly assistance to make ends meet.  Only recently has the job market improved, hopefully helping to reverse this trend and alleviate the stress on both kids and parents. 

 

The Effect on Your Retirement

If you’re already in this predicament of helping your adult kids financially, how is it affecting your retirement plan?  Have you made the proper adjustments in terms of monies you will be able to set aside by retirement age, or will you be working longer than planned to recoup funds?  If not planning to work longer, have you adjusted your desired retirement lifestyle to reflect the lower-than-expected net worth?  Worse yet, are you already retired and withdrawing monies from your fixed retirement savings to help fund adult kids?

 

If you see yourself helping out your adult kids financially in the near future, how should you prepare for it?  What rules should you put in place for the amount of assistance you can afford and how the monies are to be used?  Should there be a pre-determined repayment plan and perhaps a signed contract?  If you have more than one child, will you be able to give each of them the same level of financial assistance, if needed?  What will be the impact on your retirement?  Are you willing to make the necessary adjustments in terms of retirement age, retirement dreams and lifestyle?

 

The Effect on Your Relationship

“It’s one thing to help our kids get over a hump, but I expect them to work and do whatever they can until they find a good job, and to cut back on what they spend in the meantime.  I don’t want to support their lifestyle, especially when it means dinners out, unnecessary clothing items, trips, entertainment...” 

 

That comment is not an unusual sentiment coming from parents.  It’s logical and understandable to not want to be taken advantage of, especially by your own kids.  Unfortunately, it’s the case in way too many instances, and it can cause resentment and family friction that may take years to erase. This is why it’s all the more important to have the conversation about expectations in advance and to set rules upfront before any financial assistance is provided, and then stick to them. 

 

As a parent, it’s tough love made even tougher because you’re dealing with another adult, no longer your young child.  It’s critical to take the emotion out of this parent/child financial relationship... yet easier said than done.

 

Tips for Handling the Situation

1.    Look at the ramifications on everyone concerned.

If handing out large amounts of money to grown kids jeopardizes your retirement plans or causes you to be dependent on your kids in later life, no one will be happy.  Play out the ramifications in an honest and open discussion as a family to put the various outcomes into perspective.  Envisioning future results of a current action can lead to better decisions in the present.

 

2.    Decide if the financial assistance will be a gift or a loan.

Experts will tell you that if you choose to consider your financial support a gift, then do not attach restrictions to it or use it as a means to manipulate your adult kids.  Instead, make it free and clear, no strings attached.  On the other hand, if you decide to make your financial support a loan to your child, then make it official and clearly documented to formalize the agreement.

 

3.    Get the advice and guidance of a financial advisor.

This is no time to go it alone or to leave to chance how financial assistance to adult kids will affect your retirement and your family’s future.  There are many things to consider and many questions to ask.  For instance, if the assistance is a loan, what happens if your child fails to repay?  Your advisor will help ensure the loan is documented as part of your estate, so that when the time comes to divvy up your assets, all siblings will be fairly and accurately represented.  Or, what if the child you’re helping continues to ask for more money beyond what was initially discussed?  Your financial advisor can help you set up an account that puts strict parameters around funds available which, in turn, helps to protect your retirement savings.

 

Bottom line, it can feel wonderful to help your adult kids financially but not at the expense of your retirement plan or your peace of mind in later years.  Think before you take action.  Lead with your head, not your heart.

 

 

At Lenox, we work closely with families to guide you through the twists and turns of life from both a financial and a day-to-day living perspective.  Things happen.  We understand.  We have families of our own.  You can trust us to align life planning, retirement planning and personal financial planning to help you attain what matters most to you and your family in the here and now and for the future. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1 hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Smart Money Guide for Your 20s

Smart Money Guide for Your 20s

Best Money Moves - Every Generation

Our 12-Step Smart Money Guide for Your 20s

 

Ask anyone over the age of 50 what advice they would give their younger self about money, and most say “start saving earlier and keep on saving”.  That may be some of the best advice in all of the financial services industry, because little else can match the time value of money.  If you’re in or about to enter your 20s, we share the following guide to help you establish smart money habits that will serve you for a lifetime.

The Lenox 12-Step Smart Money Guide for Your 20s

  1. Look at a chart illustrating the time value of money (TVM).

    If a picture is worth a thousand words, this is the picture you don’t want to miss.  The time value of money is based on the idea that money in hand today is worth more than the same amount in the future due to its potential earning capacity. Provided money is saved and earns interest over time, any amount of money is worth more the sooner it is received (and stashed away).  See for yourself.  Go online to https://www.msn.com/en-us/money/tools/timevalueofmoney and see how saving even a small amount of money each month in your 20s will pay off royally for you in your 50s, 60s and beyond.  It’s extremely difficult to have your money work as hard for you later in life with such a small investment on your part.

  2. Learn the difference between wants and needs.

    You want a new wardrobe, but your car needs new tires. You want to go on that trip, but you need to pay your rent. Learning the difference between wants and needs can be one of the most painful yet powerful lessons in your 20s. It’s a sure step into adulthood when you realize you can’t have or do everything you’d like, at least not at the moment you’d like to do so.

  3. Create a budget.

    This is easier than you think, and it can be more comforting than constraining.  Make a list of your monthly “needs” –– rent/mortgage and other housing fees or expenses, food (grocery and eating out), auto expenses (payment, gas, maintenance), medical expenses (insurance, prescriptions, etc.), work expenses (parking, lunches), personal care (haircuts, hair salon treatments), savings, and anything else that is a repeated cost.  Based on your income, map out your budget so that your needs list is covered first and foremost.  If the numbers aren’t working out, adjust accordingly.  Next, make a list of your “wants” –– wardrobe updates, entertainment, health clubs, travel, furnishings, gifts, etc.  Getting to spend money on your wants will require you stay true to your needs budget, which can be a great motivator.

  4. Discipline yourself.

    You’re in charge of your future, so it’s on your shoulders not just to create a budget but to stick to it. It’s easy to justify spending money you shouldn’t.  Everyone does it.  But, if it causes you to run up credit card debt or to take out costly loans, the only one who suffers is you.  TIP:  If you feel you really must have something, put the item on hold for 24-48 hours before purchasing it, giving yourself time to think through the ramifications to your budget and future savings.  You may find that the piece of new furniture you were eyeing isn’t nearly as important as the peace of mind in knowing you can cover your condo fees for the next quarter.

  5. Build an emergency fund.

    Think of an emergency fund as your safety net.  If you lose your job tomorrow, or become ill or face some other situation that demands cash quickly, how long before you run out of money?   The answer to that question is daunting for most 20-somethings.  The goal is to save enough money for three to six months’ worth of living expenses.  If that means getting a part-time job in addition to your main job, it’s not a bad sacrifice to make for the short term.

  6. Get rid of costly credit card debt and student loan debt.

    It’s no secret that credit card debt is perhaps the costliest of all debts.  If all you’re doing each month is paying off the interest and never tackling the principal, you need to address this issue immediately.  Whether it means cutting other expenses, getting credit counseling, taking on a second job, or asking family for help, do what it takes to get out of what can be a financially crippling situation.  With your credit card debt under control, work to get rid of your student loan debt.  Again, do what it takes to speed up student loan repayment thereby reducing your overall loan cost.

  7. Get health insurance.

    Understandably, few people in their 20s feel the need to pay hundreds of dollars a month for health insurance premiums when they rarely if ever get sick.  However, should you get hurt or are hospitalized, you may be faced with bills that run in the thousands of dollars.  For this reason, it’s a smart money move to at least look into a policy that provides catastrophic health care coverage.

  8. Create a will.

    Even if you’re not married or don’t have children, having a will ensures that in the event of your death whatever you do have gets passed along to the person or persons of your choice.  It’s easy and affordable to create a simple will online.

  9. Organize your finances and important paperwork.

    Being in control in life always feels good and can be very comforting.  Having your financial documents, insurance policies, service contracts, rent and lease agreements, and other important paperwork organized and at hand can provide that same sense of calm.

  10. Improve your skill sets to improve your compensation.

    Do you feel that you’re ready to buy a house, get a better car or take that dream vacation, but your income doesn’t allow for these financial commitments?  It might be time to take steps to move up in your current career or move on to a new career.  It can be a healthy sign when your aspirations in life are bigger than your income.  What better time to improve your skill sets, research new careers, seek career counseling and otherwise improve your marketplace value.

  11. Tackle stress and boredom in financially healthy ways.

    Find smart money ways to spend your free time and to relieve stress and boredom.  Retail therapy can feel wonderful in the moment but terrible when the statement arrives.  Reservations at that gourmet restaurant sound impressive until the tab sets you back a car payment.  The ski trip with friends was a fun thing to do on an otherwise dull weekend but that was a month ago and seeing the tally on this month’s credit card bill isn’t fun at all.  While your 20s is typically a decade of cutting back or doing without at times, the trade-offs you make now will feel fabulous later on.  Make exercising your hobby, not shopping.  Find the best offbeat, low cost restaurants in town and enjoy the variety of cuisine.  Treat yourself to an afternoon at the local spa rather than a weekend on the ski slopes.

  12. Relax in knowing you’re ahead of the game.

    Your 20s can be such an exciting time –– your first step into adulthood, self-sufficiency, a career, and relationships and decisions that will shape your future.  That’s why it’s so important that you get this time of your life “right”, and that you start now while you have time on your side to shape good financial habits for a lifetime of financial comfort and security.  Any of the tips from this guide that you follow in your 20s will put you way ahead of the game.

 

At Lenox, we have a special affinity for helping young people get on and stay on track, guiding them through the smart money moves in their 20s that will serve them well for decades thereafter.  We align life planning, career planning and personal financial planning to help you attain what matters most to you. It’s one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1 hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

LENOX Spotlight: Jim Stengel

LENOX Spotlight: Jim Stengel

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Lenox Spotlight: Jim Stengel

Jim Stengel is President/CEO of The Jim Stengel Company.  A prolific writer, speaker and advisor, Jim is the author of Grow: How Ideals Power Growth and Profit at the World’s Greatest Companies, and Unleashing the Innovators: How Mature Companies Find New Life with Startups.  He is also author of an exclusive six-part online series with Fortune® on companies activating their ideals and outgrowing their competitors. 

Jim is widely known for leading innovation and for his commitment to building leading-edge marketing capabilities.  In 2011, he was named to the first-ever Fortune® Executive Dream Team, has been named multiple times by Advertising Age as the number one “Power Player” in marketing, and is a 2017 American Marketing Association Hall of Fame inductee.  In 2017, Jim was appointed Senior Fellow and Adjunct Professor within the Kellogg Markets & Customers Initiative.  Jim has served as Dean of the Young Marketers Academy at the Cannes Lions International Festival of Creativity since 2011.  In 2013, he pioneered the CMO Accelerator program at the Cannes Lions Festival, and continues to serve as Dean.  He is Chairman of the International Advisory Board for in/PACT, an interactive cause-marketing firm, and serves as an Advisor for Compound, a venture capital firm.  Jim is the former Global Marketing Officer of Procter & Gamble, one of the world’s most admired brand-building companies.  He is also a former member of the Board of Directors of AOL and Motorola.

Jim grew up in Lancaster, Pennsylvania. He holds a BA from Franklin & Marshall College, and an MBA from The Pennsylvania State University, Smeal School of Business.  Jim and his wife Kathleen have two children, and split their time between Cincinnati, Ohio and Coronado, California.


Upcoming Event:

A Discussion with Jim Stengel - Unleashing the Innovators

 

Join us for a vibrant and eye-opening discussion with Jim Stengel, author of “Unleashing the Innovators”

On Wednesday, April 11 from 5:00-6:30, Jim will discuss how mature companies find new life with startups –- the current and “aha" topic not to be missed. The event will take place at Via Vite (520 Vine St., Cincinnati, OH 45202) on Fountain Square in downtown Cincinnati.

Books will be available to be signed and purchased.

Doors will open at 4:30 PM for Check-In and Networking. If you have questions, please call us directly at (513) 618-7080. You can also RSVP by emailing info@lenoxwealth.com.