More widespread support today for change may reduce racial injustice, says this writer.
The CEO of one of the oldest responsible-investing firms says ending racism in America is a responsibility of corporations and that his company will press them to disclose information about their racial diversity.
Many companies worry they’ll fall out of step with customers and employees if they don't take a public stand.
Critics says the Labor Department is inappropriately using the coronavirus to loosen restrictions on 401(k) investments.
For many of your high-earning clients, 529 plans still make sense.
Harvard forecast an almost $1.2 billion deficit over the fiscal year that ends June 30 and the one that begins July 1.
The new regional head of private wealth in New York says women entrepreneurs, multigenerational families are becoming more common.
Fatal police encounters fueling protests nationwide have prompted executives from almost every major bank and investment firm to speak out. And behind the scenes, it’s driving conversations in an industry that wants to be viewed as more socially responsible, even as it struggles to deliver on promises to improve diversity within its ranks.
The decrease in enforcement comes as the IRS has faced budget cuts and a 19% decline in collections staff.
Shake up a snow globe and the world inside is instantly upheaved, until the flakes settle and a new reality is revealed. This pandemic demands that advisors engage in the same level of strategic upheaval to ensure they thrive in an unsettled world.
With boozy steakhouse meetings no longer an option, evenings on the town are being replaced with wine tastings via conference call and online concerts.
Investors have been eager to buy. In the past two months, investment-grade spreads have compressed nearly 200 basis points.
I sat down and gave serious thought to how I could improve my appearance on Zoom.
Here are five conversation starters to engage your clients during these challenging times.
Most financial advisors walk around as if they never sleep. The reason is…they don’t…at least not as much as they should. Maybe you’re one of them.
How do you market to prospects in emotional lockdown, conserving not only their money and toilet paper, but their engagement with anything or anyone around them?
Our senior advisor wants us to add in prospecting and developing new business along with our other “virtual” activities.
I had a recent experience when I became a client and experienced what it was like to be on the other side of the table. It taught me a lesson about fees.
The purpose of using an ESP, rather than sending from your own email client, such as Gmail, Yahoo, or Outlook, is to help you create professional designs, manage subscriber lists, evaluate the success of your email marketing campaigns, and stay within legal compliance.
Seasons of adversity reveal our shortcomings. Advisory businesses with the following qualities have the best chance of not only surviving the pandemic but finding ways to thrive in spite of it.
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.