But as internship programs shift online, some are questioning their quality.
The Justice Department will consider taking legal action against governors who continue to impose stringent rules for dealing with the coronavirus.
Some pension funds will hold it against asset managers that tapped emergency U.S. government money designed for struggling small businesses.
Pandemics, unlike other disasters that bring communities and nations together, fracture relationships and social structures.
Despite the important role financial advisors play in the design of client portfolios, we know very little about how those portfolios are constructed. New research shows, however, that the model portfolios used by advisors suffer from a number of structural inefficiencies.
As coverage of the COVID-19 pandemic continues to saturate the media, you may have also noted a significant rise in clients’ anxiety level about estate planning and their own mortality.
A rational assessment of the capital markets shows that much of the recent market decline was due to liquidation-driven selling. Indeed, prospective returns from quality business have greatly improved.
Higher taxes could be in our future, as a mechanism to “pay” for the government expenditures relating to COVID-19. This article examines two sophisticated custom-tailored wealth management strategies that seek to maximize tax efficiencies for high income and wealthy clients.
Albert Edwards’ “ice age,” during which U.S. bonds outperformed stocks, is ending. But before a new regime sets in, U.S. capital markets are heading for a final meltdown that will leave equity investors much poorer.
Adoptees of bucket strategies were rewarded over the past two months, as their cash reserves buffered them psychologically from the market decline. Such strategies avoid taking withdrawals from stocks when the market is down, as it is now. But do bucket strategies provide a financial benefit – as some claim – or are any benefits purely behavioral?
Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month.
For years, New Zealand has featured prominently in the doomsday survival plans of wealthy Americans.
Administrators across the nation increasingly fear their schools may not reopen for the fall semester.
What's Bob up to this week?
Only 5.6% of people enrolled in a 401(k) plan changed their portfolio allocations in the first three months of 2020, says Morningstar.
CEO James Gorman sees a future where many Morgan Stanley employees will be working at home, at least part of the time.
Downturns of this magnitude are so dramatic that they inevitably produce a “new world order” with a very uneven distribution of winners and losers, he maintains.
They will be part of what the president calls his war with the “invisible enemy” of Covid-19. The fiscal 2020 deficit that needs to be funded will be four times as large as last year’s at $3.8 trillion, or almost 19% of GDP.
Scammers are posing as the IRS to try to get personal information from payment recipients that they can then use to steal the money.
Jerome Powell and his peers have drawn a road map for recession-be-damned traders to ride the market rebound.
The relaxed nature of "homemade" media makes it easy for people to let their guard down.
It won’t be safe to relax the social-distancing rules until four criteria are met.
Are there things I could do for my mental and physical health while home-bound?
Physicians are a unique opportunity for advisors. They are high earners and practice a professional skill totally removed from the financial world. This leaves them with capital to invest but little of the financial experience that often accompanies comparably lucrative trades.
Here are the top five things you can do to retain more control over the future of your business, while simultaneously supporting your clients.
Here are the top five advisor webinars for the COVID-19 crisis.
This is the best time for you to double down on your marketing efforts and fully embrace a digital communications process.
I am going to tell you how to win over female clients by not losing them at the onset.
People in their 20s and 30s have relatively low levels of home ownership, net worth and real income.
A by-product of the current crisis is that it’s caused me to consider more carefully about what I’m communicating and how I’m doing it.
While provisions about 529 plans within the SECURE Act are not lengthy, the implications and benefits are far-reaching, both for families saving for college and graduates with outstanding student loans.
Those whose work focuses on two other components of wellbeing – emotional and financial – are not risking their lives caring for their clients. Yet their worlds look very different today than they did a few weeks ago.
The entirety of the financial media and many on Wall Street believe a V-shaped economic recovery is in our future. While I hope they are right, it would be foolish to take such analysis and, quite frankly, unwarranted optimism, at face value.
Planning for college and determining how to fund it is difficult in the best of times. But during a recession, it can be… a blessing? We’re not kidding, and here’s why.
Dare to disagree with Paul Krugman? If you’re prominent enough to merit his attention, he will attack your ideas and worse, label you as evil. But behind his rhetoric is an economist who is often worth listening to.
Remaining on hold and waiting to see where life takes us over the next two to three months (or perhaps longer) is prudent. Patience will prove to be a virtue in these highly uncertain times.
Real estate is one of the largest asset classes held by rich families, and for those with sizable property empires, it is a cheap source of capital.
The tail-risk protection that Calpers gave up generated a 3,600% return in March.
They say the pandemic has only strengthened their convictions and the performance of sustainable portfolios should vindicate their strategy.
The last decade has been a painful one for investors who believe in a factor-based approach to investing and have stuck with those factors that have historically performed well, namely the value factor. But a breed of products have avoided the plight. ETFs that were designed to be nimble and allocate across a range of factors have not suffered the same performance deficit.
Many are finding that the online grocery networks have been completely knocked flat by a triple whammy.
Two ETFs tracking the sector have outperformed the market.
A look at recent downturns suggests that their fears are overdone.
A wager that proved a widowmaker for the legendary fund manager is finally coming good.
The movement is based largely on the idea that you can live on less and save more through intensive financial planning, and an 11-year bull market made the possibility of hitting their numbers seem well within reach. That’s gone now.
With such uncertainty, it’s not uncommon for analysts at the same shop to be at odds with one another.
He contends the lockdowns intended to contain the coronavirus pandemic are worse than the disease itself.
I’ll focus on how to best serve your female clients in these unprecedented times.
The coronavirus is targeting those most vulnerable – people with disabilities or chronic illnesses. Advisors need to understand the challenges they face.
What should advisors do when their AUM fees fall? Here are my top five ideas, in order of least to most favorite.