The most successful wealth managers focus on all the types of wealth, not just what their Bloomberg terminals display. This often includes an assessment of a wide range of non-financial aspects of wealth, such as family relationships, jealousy, fairness, personalities, openness and many other factors.
In 2017, corporate credit, including high yield, saw a resurgence in interest within a longer-term trend of increasing supply. In recent weeks, however, it has shown some cracks.
The emergence of “responsible investment” solutions has created an opportunity for clients to approach their portfolios more holistically and in line with their beliefs and values. The historical perception of a trade-off between optimizing returns and reflecting values is a false dichotomy.
As the cost of a college education continues to rise, parents (and their children) are coming up with creative ways to finance it.
Although 76% of respondents to FINRA’s 2012 national financial capability study reported not being satisfied with their personal financial situation, very few sought financial advice, with 9% seeking debt counseling and 30% seeking insurance advice. This discrepancy motivated our research paper titled “Who Seeks Financial Advice?” This article summarizes the key findings from that research.
There was news Tuesday that a one-time dividend investor favorite Seadrill (NYSE: SDRL) was warning shareholders that they should expect to “receive minimal recovery for their existing shares” as concerns have escalated to whether it can continue as a going concern.
Unorthodox monetary policies, low and negative interest rates, and other factors such as aging demographics have led to an ongoing hunt for yield. The result has brought even risk-averse investors further and further out on the risk spectrum. This paper, Adjusting to a sustained low-yield environment examines the issues.
So proclaimed Bloomberg in an interesting column about investors losing interest in hedge funds due to poor performance, or perceived poor performance, and high fees. I won’t defend the fees but will point out that fewer and fewer hedge fund investors pay the full 2 and 20 (2% management fee with 20% of the gain) in the last few years.
Over the last few weeks I’ve fielded several financial related questions (more personal finance than actual investing) from some younger people in my life (mostly nephews). This is a great reminder of a point I have made quite a few times over the years which is that even if you’re not an advisor...
A day or two after the election someone (not a Trump fan) asked me about selling out of the market as they apparently thought the market would go down. This is a great example of something that repeats over and over in the market and the thought process of market participants.