Many advisors find all-encompassing business strategies too much to cope with. Enter the "postcard plan."

It’s a controversial point but it’s one Jim Komoszewski, first vice president and director of the strategic business unit at National Planning Corp. (NPC), holds true: What’s wrong with the majority of investment practices is that too much time and money is spent on well-constructed business plans. “Advisors can only focus on a certain number of things at any time,” he said. “These plans don’t tell them what to do next to accomplish the most in the shortest amount of time. They’re inefficient.”

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