The Fiduciary Rules Channel

DC Plan Sponsors: Fiduciary Matters Matter!

The US Department of Labor (DOL) has cut financial advisors some slack in getting ready to comply with its new fiduciary rule. But defined contribution (DC) plan sponsors don’t have the same luxury.

Weekly Unemployment Claims: Down 12K, Beats Forecast

Today's seasonally adjusted 232K new claims, down 12K from last week's number, was better than the forecast of 240K.

Madoff’s Scheme Was Transparent yet Ignored. Get Ready for Round 2

Submission focuses on pension consultants nationwide who discount the importance of utilizing physical gold as even a fraction of their portfolios. With the staggering amount of pension shortfalls occurring now and well into the future, how might true diversification save the hard earned retirement dollars of so many American workers?

In Defense of Millennials

If you’ve spent any time recruiting, you are painfully aware how hard it is to find good people. It’s even harder to keep them, particularly younger people. But those Millennials are not as unmotivated and unambitious as many claim.

How to Use Video to Generate Leads

When I started my coaching practice, my focus was on converting prospects into clients. That’s where most advisors needed help. Recently, however, advisors have asked for assistance in generating more leads. Let’s take a look at video, which should be a critical part of your marketing plan.

The CFP Board’s Duplicitous Dance

On June 20t, the CFP Board released a draft of proposed revisions to its Code of Ethics. The draft and the pronouncements surrounding the release are merely the latest in the Board’s long history of feigning interest in consumer advocacy in order to advance the organization’s own ambition to seize control of the financial planning industry. Its actions serve as a sterling example of why the CFP Board should never be entrusted to be the standard bearer for the profession.

The Ratio of Part-Time Employed: July 2017

Let's take a close look at Friday's employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government's Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) of households. The focus is on total hours worked regardless of whether the hours are from a single or multiple jobs.

How Can Advisors Get Paid on Income Solutions Given the DOL Ruling?

Financial advisors are facing a myriad of challenges from robo-advisors to the DOL changes, to providing viable income solutions for their clients while being appropriately compensated.

Active vs. Passive: How Wise Is a Crowd? And Is It Really a Zero-Sum Game Anyway?

Some argue that active management is a zero-sum game, so investing passively—relying on the wisdom of crowds—is better. How strong is that logic?

Venezuela on the Brink—An Opportunity for Oil Investors?

Venezuela is sliding closer and closer toward the brink, and things look as if they’ll get worse, unfortunately, before they improve.

Where Did the Stock Market Volatility Go?

Stock market volatility in 2017 has been so low that it’s been hard to miss. This unusual tranquility may be sowing the seeds of future turmoil.

Housing Finance Reform: First Things First

Why is the U.S. housing sector diminishing when demand for housing remains robust?

The Rise Of Robots & The Risk To Passive

In Tuesday’s post, “A Shot Across The Bow,” I discussed the recent “Tech Wreck” and the warning sign that was delivered when trading algorithms begin to run in the same direction.

Seven Surprising Insights about Advisory Fees

I asked the readers of my Inside Information service, members of the Advisor Perspectives community, and others, to tell me how they were charging their clients, and how much. The most interesting conclusions related to a key question that has arisen from the DOL Rule: what is a “reasonable” AUM fee to charge clients?

What if Your Coworker is a Gossip?

One of the women in my office is a tattle-tale and a gossip. It’s become so bad that everyone is afraid if they don’t listen or don’t engage with her, they will become one of her targets. She picks on the most benign things; it could be someone’s dress, how they talk or how slow they approach a task.