The advisory industry is unaware that the traditional asset-location rules (i.e, put bonds in tax-deferred accounts and stocks in taxable accounts) don’t work in our low interest rate environment. The exact opposite is appropriate for most retirees.
Robo-advisors faced their first big challenge with the bear market in the first quarter of 2020. They lost, and that is an ominous sign for the future of automated advice.
Given the dramatic underperformance of value stocks since 2017, it’s understandable that many are abandoning the strategy, believing that the premium has vanished. But, studious observers of market history know that value faced similar death sentences previously, only to undergo a rapid reincarnation and deliver spectacular returns.
While qualified opportunity funds can offer very real benefits to suitable clients, be aware of some important caveats before advising your clients to add them to their holdings.
For planners to help clients identify and articulate their values, goals, and purposes planners need a deep understanding of the interplay between technical and personal decision-making factors.
For Chief Executive Officer Jamie Dimon, a roaring trading division is just what he needs to make up for the inevitable problems in the lending business caused by the Covid-19 pandemic.
Non-transparent ETFs are appealing for managers looking to shield their strategies from front-running or replication from rivals
But some financial-services companies are using the disruption to fill key roles and bolster businesses.
They’re now luring more people than traditional conferences, but the popularity is even surprising people who organize them.
Investor sentiment has turned abruptly in favor of beaten-down stocks as recovery bets mount. It’s something professional stock investors failed to foresee.
Rising optimism in the economy is popping up everywhere, with shares of banks and energy companies and small firms soaring.
The pandemic created a nightmarish environment for advisors, who must cope with the human and financial toll on their clients. But a few farsighted practitioners are seizing the changes forced upon them to improve the way they serve their clients and manage their teams.
Is it too soon to think about downsizing our space?
You don’t control the spread of COVID-19 or the timeline for when an effective treatment or vaccine will be available. You can control your expenses.
Roth IRAs look very appealing following market volatility and warnings that tax rates are bound to rise.
The megacap safety trade that has ruled stocks for months is slowly giving way to a broader embrace of risk among investors captivated by tentative signs of a turn in the economy.
Students and their families are wondering whether it’s worth shelling out tens of thousands of dollars for an experience that might be largely online.
Denial and lack of cooperation from a mentally ill person can make treatment, caring and financial planning more difficult.
High-achieving female advisors have five things that they focus on daily.
Are you willing to handle what I call "the boredom of success" – doing mundane things over and over again until you realize your goals?
Email marketing is one of the best ways to connect with clients and prospects. But to get results from your efforts, you need to make email list building a priority.
I have analyzed data that improves our understanding of LTC needs and informs the decision-making about insurance.
Though I loved working from home, I now realize that it came at a cost – in March and April I destroyed most of the good habits I had worked very hard to build over the last few years.
Down equity markets plus low interest rates can make GRATs a tax saver for high-net-worth clients.
A new study examined the impact of emotions on investments, financial risk and life in general, providing important insights and lessons for advisors.
This is the perfect opportunity to deepen your client relationships by talking about what matters most to them and integrating their financial decisions with their spiritual life.
On April 9, Memphis-based Southeastern Asset Management announced that it was re-opening its Longleaf Partners Small-Cap Fund (LLSCX). It had closed the fund to new investors in August 1997. I interviewed two of the fund’s managers, Staley Cates and Ross Glotzbach.
If rates stay low, the returns on stocks will be better than for bonds, according to Leon (“Lee”) Cooperman. “Bonds are the high-risk investment,” he said.
Some financial advisors report that they’re hearing from older clients who’ve grown accustomed to staying home and are worried about commuting and returning to crowded workspaces.
The blow against globalization will cut global growth and be particularly damaging for developing countries, especially those reliant on exports, she said.
The bank expects to keep its offices half full at the most for the “foreseeable future.”
The company is taking on the country’s large banks with services that will include a discount brokerage and robo adviser.
Whiplashed investors have been thankful for a dose of calm, but signs are emerging the lull may not last.
We're seeing that there are meaningful differences between the last downturn and this one.
Neil Howe foresaw a global crisis that would upend society. He didn’t know it would be a pandemic, but, throughout his career, he has been predicting a “fourth turning” – an event that would reshape societal norms and usher in a new generation of leaders.
Wealth managers have reported a better-than-expected start to the year as wealthy clients sought to limit damage or make opportunistic bets when the coronavirus wreaked havoc on markets.
JPMorgan Chase’s CEO says the pandemic should serve as a call to action for business and government to think, act and invest for the common good and confront the structural obstacles that have inhibited inclusive economic growth for years.
David and Jane have been unwavering in their love and commitment for their three children. All are cognitively impaired and will need care and supervision for the rest of their lives.
Whose name should a 529 plan be in? Does it matter if the owner is a parent versus a grandparent?
Weighty issues need to be considered before making expensive college commitments that could easily be disrupted in the coming months.
With all this gloom and doom, can anyone crack a joke anymore? Did the world forget how to laugh? More than anything, that is what people need right now.
It’s your job to figure out why someone wants to engage in your services.
I have created a series to serve as a one-stop guide to email marketing for financial advisors.
My client’s adult son has never made much of himself, and as a result never made much money. How should I approach this with my client?
I’ve had three experiences with vendors seeking to assist with my new book. Check out the stories. They illustrate the need to adapt and be flexible.
Wall Street will proclaim that any increase in economic activity is a good sign. But, according to Jim Bianco, even a recovery to 90% of pre-crisis levels will be terrible.
An effort by investment giants including State Street, Vanguard, Fidelity and Invesco to redefine the $4 trillion U.S. exchange-traded fund universe has the industry’s smaller players bristling.
BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios outperformed traditional market benchmarks in the recent market downturn.
This article discusses the elements of the new standard and proposes some considerations for written supervisory procedures that establish practices and procedures reasonably designed to ensure compliance with Reg BI and training tips to demonstrate the efficacy of those policies and procedures.
The legal framework by which paper money and coins came to be accepted for use in private transactions and international trade was established in the 18th century by George Washington and Alexander Hamilton.