Morgan Stanley Financial Adviser: We Ignore Social Networks At Our Peril

For many financial advisers, social networks are still terra incognita. They won’t go on Facebook or Twitter, and their companies don’t have any clear cut policy.

But for one Morgan Stanley Smith Barney financial adviser, you can’t maintain that attitude and expect to survive.

“It’s not just your planning team that you bring to the client,” Mark Scribner said. “It’s your whole social network.”

Late last year Jennifer Hoyt Cummings at the Wall Street Journal featured a post on Scribner and his use of Twitter and LinkedIn.

A few minutes a day on Twitter and LinkedIn, sites that Morgan Stanley Smith Barney has been increasingly opening up to its advisers, have helped the 44-year-old Portsmouth, NH-based adviser land new clients and keep in better touch with existing ones.

However, more than a third of advisers think social media isn’t worth their time, according to a recent survey of 437 advisers by research firm Aite Group. But advisers who don’t use social media risk being left behind, says Scribner.

Scribner joined MSSB in January of 2011 after being a financial consultant at LPL Financial. He was already using social networking for personal reasons. A few years before, he got interested in training for the Ironman racing events as a way to get back in shape and contribute to philanthropic causes. He started a blog for friends and followers to update them on his progress. He already had a substantial network of followers on both LinkedIn and Twitter by the time he joined MSSB.

Scribner uses Twitter to post links to useful articles and leads. Through Linked-In, he rediscovered people he’d not seen in years who now needed his advice. He cites one recent client who came to him in search of a new CFO for his company which was in trouble. Scribner found his candidate within just a few days.

“How? I asked myself who do you know in your network you can cross-connect with his?”

Scribner sees himself as a facilitator. “And if you’re a facilitator, the network you bring to the table is what makes the difference. We work in an era of specialists. With my social network, I can think of myself as the specialist who handles the specialists.”

“It’s the virtual nature of the thing -and ultimate connectivity that matters. That’s what people are buying from us today. It’s what you’re connected to, not just what’s between your ears.”

Which is not to say there are no pitfalls.

Capital Financial Global Engages IBK Capital to Raise $3000000 for Distressed …

SALT LAKE CITY, June 13, 2012 /PRNewswire via COMTEX/ —
Capital Financial Global, Inc. (pinksheets:CFGX), announced today it has engaged Toronto based investment banking firm IBK Capital Corp to raise up to $3,000,000 in a private placement for units and warrants in its distressed St. Louis Mine.

“We are very excited to have the pleasure of working with IBK Capital Corp. because they have an impressive track record that we can trust in raising funds for projects very similar to our [St. Louis] gold mine,” said Mr. Paul Norat, CEO of Capital Financial Global, Inc.

“For the sake of investors who might be newly following our Company, I’d like to clarify why we are talking about mining projects. We are not a mining company, we are an asset-backed finance company. As we execute our core business plan of originating, buying, and selling asset-backed loans, we know that we will end up having to foreclose on some of the assets that serve as the collateral. In the case of the St. Louis Mine, we acquired a non-performing loan in 2011 in a package deal, and thus, we ended up with the mine attached to it. We now have the luxury of bringing the mine back into production and having it as a long-term value producing asset on our balance sheet,” explained Mr. Norat. “Now that we have IBK Capital on board to help us raise the first $3,000,000, we feel our shareholders will be in a much better position, as a result.”

For more information about IBK Capital Corp., please visit their website at: .

The St. Louis mine is comprised of 85.5 acres near Searchlight, Nevada, containing five patented lode mining claims. For more information about the mine please visit our “Investor Center” at .

For additional information, please contact our Investor Relations department toll free at 888-801-9715 or by emailing

About Capital Financial Global, Inc.

Capital Financial Global, Inc.

/quotes/zigman/5289147/quotes/nls/cfgx CFGX

is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.

Unlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.

Our Business Model

We make money by charging loan fees, making interest rate spreads on loans we hold, and by buying & selling loans in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also make money by charging loan servicing fees and by selling distressed assets that we acquire for our own investment or through some type of foreclosure.

Forward-looking statements:

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

For more information please contact:

Capital Financial Global, Inc.

Investor Relations

Tel: 888-801-9715Email:

SOURCE Capital Financial Global, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved


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