Outside Business Activities (OBAs) are more than just side hustles for financial advisors – they’re ethical minefields that have drawn increasing scrutiny from regulatory bodies like FINRA. Since intensifying its focus in 2018, FINRA has highlighted the importance of transparency and adherence to compliance in these endeavors in its most recent report.

Steve Brown, Chief Investment Officer, Total Return and Macro Strategies, shares insights on Fed policy and our house view on the possible pace and size of rate cuts going forward.

Improved value proposition in credit.

Bonds have never been more expensive. Investors face historically low yields, high duration risk, tight spreads and signs of inflation across many sectors of the economy. The most conservative asset class contains much more risk than investors may realize. Financial professionals are asking themselves …

• How can I immunize my fixed-income allocation?
• Which areas of the bond market are the riskiest? And which are most attractive?
• Should I maintain or increase yield while reducing traditional bond exposures?

In this webinar, Steve Brown (Assistant CIO and Portfolio Manager – Guggenheim) and Jack Chee (Portfolio Manager and Head of Fixed-Income Strategies – Litman Gregory) will take attendees on a tour through the fixed-income universe, discussing the relative risk/reward across subcategories while exploring alternative areas to help clients de-risk their bond allocations.

There are three key areas where the allocation requirements of passive fixed-income vehicles have an impact on the market.