The General Advisory Channel

Weekly Unemployment Claims: Up 49K from Last Week, Much Worse Than Forecast

This morning's seasonally adjusted 252K new claims, up 49K from the previous week's unrevised figure, was much worse than the forecast of 213K.

All Asset All Access, December 2019

Research Affiliates discusses why they believe value investing is still alive and well and explains how changes to the display of expense ratios seek to enhance clarity for investors.

A Primer on Retirement Plan Compliance

The purpose of this article is to better acquaint plan sponsors and service providers, like BDs and RIAs, dealing with 401(k) plans with the requirements they must understand and adhere to under ERISA.

The CFP Board Steps Up (Almost)

As we mark the golden anniversary of the creation the undertaking we know call “financial planning,” the CFP Board took a decisive step to enforce a real fiduciary standard by requiring disclosure and informed customer consent of material conflicts.

Do Long-Only Portfolios Effectively Capture Factor Returns?

Factor performance, as conceived by Fama and French and refined by others, is based on adding the returns of a “long” portfolio of securities that most embody the factors to a “short” portfolio that least represent the factors. But it is common practice for mutual funds and ETFs to use only the long portfolio. New research show that this approach does effectively capture the returns of the underlying factors.

The Ratio of Part-Time Employed: November 2019

Let's take a closer look at Friday's employment report numbers on Full and Part-Time Employment.

Navigating U.S. Wealth Management: Seven Ideas for Financial Advisors and Individual Investors in 20

We aim to support wealth management firms, advisors, and investors as they assess portfolio strategy and navigate the shifting trends we face in the new year.

How Financial Planning Can Become a True Profession

There are many prerequisites to becoming a true profession. Have we satisfied those requirements? And if so – do we desire to take the next step – seeking true status as a profession through legislation?

Global Investment Forum Summary Report 2019

From September 10-12, a select group of our investment managers, economists and strategists congregated in London for our annual Global Investment Forum (GIF). The GIF is designed to tune out the day-to-day market noise and focus on key market drivers over the medium term.

Diversity and Inclusion in the Advisory Profession

According to a recent report by the consulting firm Cerulli and Associates, women make up only 16% of financial advisors – and that percentage is fairly consistent across all channels – brokers, banks and independent RIAs. Sheryl Garrett and I explore the issues around diversity and inclusion in the advisory profession. Why are there so few women and minorities in our profession? With an aging population of advisors due to retire in the next decade or two, what will the next generation of leadership among advisors look like? And what can be done to provide better career path options for women and minorities?

Moving Averages: Month-End Preview

Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month.

Moving Averages: November Month-End Update

Valid until the market close on December 31, 2019.

The S&P 500 closed November with a monthly gain of 3.40% after a gain of 2.04% in October. All three S&P 500 MAs are signaling "invested" and four of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard REIT Index ETF (VNQ), Vanguard FTSE All-World ETF (VEU), and iShares Barclay 7-10 Year Treasury (IEF) — are signaling "invested".

Worlds Collide in an Ivy League Classic

Like particles in a super collider, opposing forces of American culture smashed together this past weekend on a historic football field in Connecticut. And like a physics experiment, the resulting impact shed light on the state of the country and provides us all with a ready framed discussion for the Thanksgiving weekend.

Training the Investor Brain: Managing Emotions and Building Your Business

What can advisors do to be more transparent or communicate better?

A Successful Retirement Income Plan = Growing Distributions for You and Your Heirs

A 45 Year History of One Family’s Success