Seeing Red Could be Good

Trying to work with clients about investment details? Try using red materials. Developing creative strategies with your team? Go with blue.

A recent study published by the journal Science found that the color red enhances performance on a detail-oriented task, whereas blue enhances performance on creative tasks. According to the study abstract, the results are evident in areas such as product design and persuasive messages.

The study set up 600 people to perform tasks on computer screens with different colored backgrounds, the New York Times reported. People with red or neutral backgrounds did better on tests of attention to detail, and those in the blue group did better at creative tasks.

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For instance, the study participants were asked to study and recall a list of 36 words. Those in the white and red group could recall more words. Creativity was also put to the test by asking the participants to think of as many creative uses of a brick as possible. A panel of judges gave the blue group a higher creativity score.

Existing research reports have analyzed the effect of color on cognitive tasks—teachers, for instance, have utilized different types of colors in the classroom. The studies notes a discrepancy: Some research suggests that blue or green leads to better performances than red, and others find the opposite. The study said its research reconciles this discrepancy by demonstrating that a “red (versus blue) color induces primarily an avoidance (versus approach) motivation … and that red enhances performance on a detail-oriented tasks, whereas blue enhances performance on a creative task.”

Study researcher Juliet Zhu, an assistant professor of marketing at the business school at the University of British Columbia, explained to the NYT that a brainstorming session is good in a blue room, while the color red is good for tasks requiring enhanced memory.

 

NRP Picks Up 9 Firms

National Retirement Partners, Inc. (NRP) said nine practices have recently joined NRP.

The new firms are part of continued growth the company is planning for this year. In December, CEO Bill Chetney told PLANADVISER.com that the firm had 23 to 24 firms in transition for the first quarter of 2009. He said NRP planned to hit 200 firms by the end of this year (already with 132 firms in December). Chetney said NRP is continuing to see strong demand for its retirement-focused adviser model. “The fact is that the brokers that are leaving the wirehouses and other broker/dealers are looking for a home, and the ones that are focused on retirement are still flocking to us,’ he said.


The eight new member firms, along with their senior principal, are:

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  • Wharton Retirement Services
    Andrew DeGroat
    Ft. Washington,
    Pennsylvania
  • BCG Terminal Funding
    Mike Devlin
    Braintree, Massachusetts
  • Prime Solutions Advisors
    Jamie Linkowski
    Pittsburgh,
    Pennsylvania
  • Retirement Plan Advisors
    Tony Winkeljohn
    Ft. Wayne, Indiana
  • Broyhill Asset Management
    Frank Rutan
    Ft. Washington,
    Pennsylvania
  • Babb Retirement Services
    Bob Malcolm
    Pittsburg, Pennsylvania
  • FIT Financial
    Melinda & Jaime Thomas
    San Luis Obispo, California
  • Bay Benefits Group
    Mike Locono
    Mobile, Alabama
  • Chase Benefit Advisors
    Clarke Chase
    Glen Allen, Virginia

“We are excited to welcome these eight firms to NRP. Collectively they advise in billions in institutional retirement assets,’ said Chetney in a statement. “They will be tremendously additive to our greatest asset, which is the collective knowledge possessed by the top retirement practitioners in the county.’

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