The Robo Advisors Channel

The Death of Roboadvisors has been Greatly Underestimated

Here’s my call for 2018: Most robo-advisors are going to fail. Read on to see why I don’t drink the Robo Kool-Aid that the financial industry and media are serving up.

The North Korean Summit: Part I

On March 8, officials from South Korea briefed U.S. officials on a recent dinner with Kim Jong-un, which marked the first time South Korean officials had been inside North Korea’s Communist Party headquarters since the Korean War. The South Koreans informed Trump of Kim Jong-un’s desire to have a meeting and Trump agreed. 

A Curve in the Fiduciary Road: What the 5th Circuit Court of Appeals' Decision May Mean for Advisors

The Fifth Circuit Court of Appeals’ decision essentially wipes the Fiduciary Rule off the books. But, that doesn’t mean everything returns to the way it was before the Rule.

SIC Perspectives

It’s been a week and I’m starting to recover from my post-SIC high. It’s a weird feeling. I love SIC, yet processing it all takes time. Imagine one of those brain maps that shows the neurons opening new pathways. That’s what SIC does. It opens connections that I didn’t previously have.

Environmental, Social and Governance Factors in Global Macro Investing

Environmental, social and governance (ESG) factors are being recognized in fixed income investing as value-added indicators of potential economic performance. In the latest edition of “Global Macro Shifts,” the Templeton Global Macro team outlines how it integrates ESG factors into its research process.

Your Secret Weapon against Fee Compression

Before every talk, I ask participants to send me their most pressing concerns. At, or near, the top of every list is “justifying fees.” That concern will grow as technology invades every aspect of the advisory industry. But you have a secret weapon that few advisors will use effectively to respond to this challenge.

Robo Advisor Data For Two Year Period Now Available for Advisors

Here at BackEnd Benchmarking we have recently released the 4th quarter 2017 edition of The Robo ReportTM. In this report, we took an in-depth look at two-year returns of seven different portfolios with a full two years’ worth of data.

Weighing the Week Ahead: Will the US Launch a Trade War?

The economic calendar is normal but featuring the monthly employment report. Usually that would be the focus, and it might become so by week’s end. Until the situation is clarified, the paramount question will be: Has the US ignited a trade war?

Harleys, Bourbon & Denim

The US doesn't face "secular stagnation" caused by outside or uncontrollable forces, like foreigners (and bad trade deals), technology that steals jobs, or Unions that are too weak. Growth is slow because government has grown too big.

The Dishonest Claims about Healthcare

A recent paper from the World Economic Forum – the group that runs the Davos conference – stated that Americans pay more for healthcare than other countries but get inferior outcomes. That rhetoric was amplified by Warren Buffett, when he called health care costs a “hungry tapeworm” eating into the American economy. But, before you assume that Americans are not getting good value for their health care dollars, let’s look at the data.

Are Trump's Steel and Aluminum Tariffs Good for America?

President Donald Trump’s proposed tariff on imported steel and aluminum, at 25 percent and 10 percent, is much more than a shot across the bow. Indeed, this could be the official kickoff of the trade war we all anticipated. The protectionist trade policy, announced this week as the president met with metals executives, raised fresh inflation worries and had an immediate impact on capital markets.

Newsletter - February 2018

Read the latest Evensky & Katz / Foldes Newsletter by Harold Evensky.

The Test Most Advisors Fail: “How do you justify your fees?”

What’s the most difficult question you get asked by prospects? Most advisors say it is how to justify fees and value. The problem is that very few advisors know the right way to answer this.

The Tech Landscape: Results of the 2018 Technology Survey

The 2018 Software Survey, conducted by Advisor Perspectives, Joel Bruckenstein at T3, and my firm, Inside Information, offered by far the most comprehensive data on the advisor tech landscape ever collected. In all, we received 1,554 useable responses, representing firms very small to very large, across a broad spectrum of experience in the business.

The Advent of a Cynical Bubble

James Montier, a member of GMO’s Asset Allocation team, has just published a new white paper -- "The Advent of a Cynical Bubble” – examining the nature of the bubble we find ourselves in, noting the concept that “the US equity market is obscenely overvalued can hardly be news to anyone.”