The importance of Biden’s veto to save the DOL rule was not about assessing ESG factors. It was about affirming the role of the fiduciary in investment advice.
If you work with boomer-generation women, are you properly responding to their need for lifetime income? Consider this parable.
Sixty-six million Americans currently receive monthly benefits from Social Security, which, if nothing changes, is expected to be insolvent by 2035 at the latest. It’s time for Americans to take a greater role in their own retirement planning.
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
Note: This commentary has been updated with the latest numbers from the latest employment report for February. Today, one in three of the 65-69 cohort and nearly one in five of the 70-74 cohort are in the labor force.
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
International Women's Day is a global observance that recognizes and celebrates women's social, economic, cultural, and political achievements.
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
A new exchange-traded fund is making the case that having women at the top of corporations translates into better returns.
Yep, you read that right. I’m about to teach you how to get new clients for less than $10 a month.
More women in senior roles will support the long-term success and sustainability of emerging markets.
There’s one strategy that is not only a great wealth-building solution but is also triple tax-advantaged…
In the final analysis, Dan's confidence borne of providing good financial advice for 17 years proved meaningless.
Sound policymaking has helped India modernize and achieve robust economic growth, positioning it to become an increasingly important player on the world stage.
When it comes to the clients they serve, advisors need to think about the now and the new, not the next, and step up their offerings in key areas.
Something like the plot of Atlas Shrugged seems to be playing out across America.
As the financial services industry has evolved away from transactions and toward financial planning, an interesting shift has happened: more couples have started showing up in advisors’ offices to discuss their investments and their financial plan.
Morgan Stanley has picked an interesting moment to press ahead with expanding its offering of ESG-themed funds.
It is far easier to engage people and reach them at an emotional level with video than with any other medium.
If a US recession is looming, no one told the smiling well-suited women and men drinking top-shelf liquor at Miami’s rooftop pools and mingling along Tampa’s bayside terraces during two top metals industry events.
US workers are clearly feeling the strain of economic uncertainty, according to Franklin Templeton’s third annual “Voice of the American Worker” study.
“Geopolitical recession” doesn’t exist as a defined term. But it should, according to Ian Bremmer. If relations among global powers were framed in economic terms, we would be in the “bust” phase of the business cycle, he said.
For RIAs, self-knowledge – which includes an understanding of the firm’s ideal client persona – is the first and most necessary step on the road to success and scalability.
Three decades after helping give birth to the ETF industry, Morgan Stanley is officially back in the game in what could be a milestone moment for the investing world.
RIAs will be more financially successful, will retain and attract more investment assets, and will produce superior financial results for their retiree clients when they embrace new thinking that begins with the acknowledgment that, in practice, the safe withdrawal rate is a fiction.
Here are six steps to implement multiple niches, bring in new clients, and accelerate their growth goals.
Older advisors need to step aside and make room for the up and comers.
No advisor would dream of engaging in the kind of behavior that occurred at Purdue University in early December.
A recession is two consecutive quarters of economic contraction.
If you are competing with the best of the best, how do you rise above the competition?
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
Behind the five-decade low US unemployment rate of 3.5% lies a 2.6 million-person mystery.
Advisors must redesign their entire approach, starting from the client's point of view.
Let me share a story of an RIA who will be forced to mount a legal defense because of a lawsuit that is likely to be filed by two of his retired clients.
Our 2022 ESG manager survey findings reinforced our belief that the integration of environmental, social and governance (ESG) factors into investment processes is here to stay.
I've put together four steps to grow your client base – this month.
Here’s a worthy goal to contemplate for 2023: Reduce stress and anxiety in your life, especially from family. The benefits of achieving this goal are significant.
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
Tight monetary policy and rising government debt will drive a regime of high interest rates, depressing stock prices and destroying the wealth of clients, most severely those at or near retirement.
The $6.5 trillion US ETF industry boomed in 2022 as innovative product debuts and market volatility fueled a near-record number of launches. But the fanfare revealed a major flaw in the space: the lack of women helming the funds.
Relative to the accumulation phase, strategies that mitigate the unique risks faced by retirees in decumulation are less understood and researched. By identifying and illustrating those risks, planners can better prepare clients for retirement.
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
Enjoy the latest Newsletter from Harold Evensky.
Congress is on the verge of passing a bill called SECURE 2.0 to help American workers save for retirement.
The end of 2022 can’t come soon enough for many in the banking industry. Sputtering capital markets, job cuts, raging inflation, the crypto meltdown and rising interest rates marked a year of upheaval.
Over the years, clients have told me what resonated when I spoke to them. But there have been three situations that go beyond my expertise and ability to be helpful.
Allan Roth’s recent article, The 4% Rule Just Became a Whole Lot Easier, promises too much, makes inaccurate comparisons and blurs the notion of risk.
“I have never seen so much bearishness in the market,” Jeremy Siegel said, “which is a great sign for stock investors.”
When a society embraces cognitive diversity, powerful outcomes can result. In this episode of The Active Share, Hugo sits down with Matthew Syed, a best-selling author, highly acclaimed speaker, and award-winning journalist, to discuss what it means to think in complex ways; the implications of moving away from group think; and how investors can benefit from diverse cultures and voices.
As climate change moved higher on the Wall Street agenda, there had been fewer indications that financial giants took similar interest in the biodiversity crisis.
The breakthrough in nuclear fusion is likely to spark investment in the technology that could transform the global energy landscape with nearly limitless clean energy.
It’s common knowledge that, for many Americans, the greatest fear is outliving their retirement nest eggs. With retirement having the potential to stretch for decades, it’s no wonder people are worried. But for women, the risk of not having adequate funds for retirement is even greater than it is for men. As advisors, we must understand and address the financial planning challenges unique to women.
Here are four questions independent financial advisors should ask before choosing a TAMP.
The Twitter chatter of Ford Chief Executive Officer Jim Farley is good vibes only: factory photos, race tracks, corporate boosterism and a lot of retweets of Ford customers gushing about their vehicles. It’s all cars, and it’s all anodyne.
The following is a loose collection of random thoughts and observations on the Russian invasion of Ukraine. Rather than a coherent article, I offer some insights that have emerged as the war has dragged on.
Here are three signals people use to let you know when they are feeling pushed.
If you aren’t willing to niche, at least decide whether you are trying to help your clients thrive or survive. Then build a message around one of those themes. Are you selling them life rafts (survive) or sailboats (thrive)?
Despite stubbornly high inflation and recessionary fears, spending by consumers may not slow down as we approach the busy holiday shopping season.
Our annual ESG manager survey of active managers assesses the integration of ESG considerations in investment processes among equity, fixed income and private markets managers, and spotlights firmwide policies, use of data, engagement and integration.
How will you leverage networking’s holiday season grand finale without being perceived as the friend who is desperate for business?
Here are some of the cues that indicate a prospect has accepted what you have presented and want you to move on to the next step.
The overriding story of Vietnam is the triumph of free markets over communism.
What problem could be solved or what issue or challenge could be addressed that would offer wide appeal to the expansive advisor community? The answer that made sense to me was financial education.
Here are some suggestions to consider when remarrying.
Inflation is receding and real interest rates are climbing in EM after a year of tightening monetary policy.
It took 16 months to pay off my husband’s student loans after we got married.
As veterans of this male-dominated industry, we have faced our fair share of challenges and uncertainty. However, that led us to venture out on our own and start solo planning firms.
Aligning your stated values and your spending (a core tenet of ESG investing) is something I encourage as part of financial wellness. But it isn’t always easy to do.
Few would disagree that the period from 1870-2010 saw immense technological advancements that improved our quality of life. But, according to Bradford DeLong, far fewer advances lie ahead, and societies should adapt by “slouching” away from a free-market system. He’s wrong on both counts.
This is Advisor Perspectives' fourth consecutive year of ranking ahead of The Wall Street Journal and Bloomberg among the e-newsletters listed, with 14% more readership across the 1,120 financial advisors surveyed. Advisor Perspectives also claimed the number one spot for e-newsletters among the independent registered investment advisor (RIA) segment.
The Federal Reserve’s influential staff judges that under the surface the US economy is running even hotter than they thought, helping to explain why inflation remains at a 40-year high and providing reason to expect even more interest-rate hikes.
Reg BI is the most divisive issue in the fiduciary discussion and was a focus of the discussion during September’s event.
Renewed increases in energy prices come at a bad time in the battle against inflation.
I know what you’re thinking: “Longevicide? What is that?”
Bank of America has positioned itself as one of the leading lenders in the green credit space, while peer Goldman Sachs is facing questions from the Securities and Exchange Commission over greenwashing claims.
Here are five steps female financial advisors should take when putting a continuity plan in place for their firm.
What will happen to the clients of advisors who don’t have a formal succession plan in place?
The Harvard Business Review is celebrating its 100th birthday with a fat book of its most influential and innovative articles and an electronic fanfare of videos, charts and online articles.
Today I want to talk about why the labor market is so out of balance. Some of this is new and some has been brewing for many years. We will end with some commentary on yesterday’s unemployment report.
Fidelity Investments and Vanguard announced a rare collaborative effort Wednesday to help employees keep their retirement savings in tax-advantaged accounts like 401(k)s when they switch jobs.
I’ll share some insights as you encourage your team to be more open-minded and innovative and to help with facilitating change efforts within your organization.
The search for information and direction about financial assistance and special-needs planning can be especially frustrating for caregivers.
Most seers believe the US labor market is overly strong.
What are the worst ROI marketing tactics advisors are taking on today? Behold, the top four.
Insurance protects against losses – fires, floods or a wrecked car. Because of the life-altering consequences of such as loss, clients rarely question the cost of the insurance. When viewed through an analogous framework, the cost of lifetime-income insurance, such as a GLWB, is fairly priced.
In a surprise move, General Motors Co. this week joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules.
Compared to the dotcom and great financial crisis recessions, our fiscal and monetary response over the last two years has been far more aggressive. But the true cost – in terms of inflation – presents a more threatening risk.
When you choose a client niche, you may find that the focus is too narrow or too broad. Here’s how you can remedy the situation.
Women & Planning
The Fiduciary is the "Decider"
The importance of Biden’s veto to save the DOL rule was not about assessing ESG factors. It was about affirming the role of the fiduciary in investment advice.
Annuity? Never
If you work with boomer-generation women, are you properly responding to their need for lifetime income? Consider this parable.
Pension Reform Showdown: Will The U.S. Follow France’s Bold Retirement Age Changes?
Sixty-six million Americans currently receive monthly benefits from Social Security, which, if nothing changes, is expected to be insolvent by 2035 at the latest. It’s time for Americans to take a greater role in their own retirement planning.
Could Bank Runs Lead to a Run on Gold & Silver?
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
Demographic Trends for the 50-and-Older Work Force
Note: This commentary has been updated with the latest numbers from the latest employment report for February. Today, one in three of the 65-69 cohort and nearly one in five of the 70-74 cohort are in the labor force.
China Can Quickly Catch Up to US AI, Says Venture Veteran
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
WISE Words from Women on International Women’s Day
International Women's Day is a global observance that recognizes and celebrates women's social, economic, cultural, and political achievements.
Pushing Your Luck
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
Fund of Women-Run Firms Is Beating the S&P 500 Since Launching
A new exchange-traded fund is making the case that having women at the top of corporations translates into better returns.
Women and Investing: What Is Your Brand?
How to Get Clients for Less Than $10 a Month
Yep, you read that right. I’m about to teach you how to get new clients for less than $10 a month.
The Value of Women Across the Board
More women in senior roles will support the long-term success and sustainability of emerging markets.
The Triple-Tax Advantaged Strategy that Too Few Advisors Use
There’s one strategy that is not only a great wealth-building solution but is also triple tax-advantaged…
When Failure Comes Unexpectedly to a Man
In the final analysis, Dan's confidence borne of providing good financial advice for 17 years proved meaningless.
India at a Crossroads
Sound policymaking has helped India modernize and achieve robust economic growth, positioning it to become an increasingly important player on the world stage.
Prepare to Meet the New Generation of Clients
When it comes to the clients they serve, advisors need to think about the now and the new, not the next, and step up their offerings in key areas.
White House Actions Raise Risks to Economy
Something like the plot of Atlas Shrugged seems to be playing out across America.
Want to Know How Advisors Are Sabotaging Themselves?
As the financial services industry has evolved away from transactions and toward financial planning, an interesting shift has happened: more couples have started showing up in advisors’ offices to discuss their investments and their financial plan.
Morgan Stanley Doubles Down on ESG Despite the Politics
Morgan Stanley has picked an interesting moment to press ahead with expanding its offering of ESG-themed funds.
How to Attract New Clients with Self-Developed Videos
It is far easier to engage people and reach them at an emotional level with video than with any other medium.
Defiant Metals Industry Mocks Recession Calls at Top Gatherings
If a US recession is looming, no one told the smiling well-suited women and men drinking top-shelf liquor at Miami’s rooftop pools and mingling along Tampa’s bayside terraces during two top metals industry events.
Financial Independence Remains a Top Priority Despite Employee Feelings of Financial Anxiety
US workers are clearly feeling the strain of economic uncertainty, according to Franklin Templeton’s third annual “Voice of the American Worker” study.
Ian Bremmer: We are in a Geopolitical Recession
“Geopolitical recession” doesn’t exist as a defined term. But it should, according to Ian Bremmer. If relations among global powers were framed in economic terms, we would be in the “bust” phase of the business cycle, he said.
From Socrates to Yogi Berra: Identifying Your Ideal Client
For RIAs, self-knowledge – which includes an understanding of the firm’s ideal client persona – is the first and most necessary step on the road to success and scalability.
Morgan Stanley Makes Historic ETF Comeback With Six New Funds
Three decades after helping give birth to the ETF industry, Morgan Stanley is officially back in the game in what could be a milestone moment for the investing world.
The Fiction of Safe Withdrawal Rates
RIAs will be more financially successful, will retain and attract more investment assets, and will produce superior financial results for their retiree clients when they embrace new thinking that begins with the acknowledgment that, in practice, the safe withdrawal rate is a fiction.
An Uncommon Approach to Implementing Multiple Niches
Here are six steps to implement multiple niches, bring in new clients, and accelerate their growth goals.
In Defense of Millennials
Older advisors need to step aside and make room for the up and comers.
Lessons from a Deeply Offensive Gaffe
No advisor would dream of engaging in the kind of behavior that occurred at Purdue University in early December.
Recession Fear Investing
A recession is two consecutive quarters of economic contraction.
What it Takes to Be an Elite Advisor
If you are competing with the best of the best, how do you rise above the competition?
How to Save for Retirement by Paying Down Your Student Loans
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
Pushing Your Luck
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
Job Market's 2.6 Million Missing People Unnerves Star Harvard Economist
Behind the five-decade low US unemployment rate of 3.5% lies a 2.6 million-person mystery.
To Deliver a Transformative Experience Think Like a Client
Advisors must redesign their entire approach, starting from the client's point of view.
Will RIAs be Liable for Failed Retirement Income Planning?
Let me share a story of an RIA who will be forced to mount a legal defense because of a lawsuit that is likely to be filed by two of his retired clients.
2022 ESG Survey Deep Dive: Active Ownership Review
Our 2022 ESG manager survey findings reinforced our belief that the integration of environmental, social and governance (ESG) factors into investment processes is here to stay.
Four Steps to Grow Your Client Base
I've put together four steps to grow your client base – this month.
The New Year’s Resolution That Will Change Your Life
Here’s a worthy goal to contemplate for 2023: Reduce stress and anxiety in your life, especially from family. The benefits of achieving this goal are significant.
Calpers Makes $1 Billion Bet on Small Funds as New CIO Reshapes Pension
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
Plan for More Wealth Destruction
Tight monetary policy and rising government debt will drive a regime of high interest rates, depressing stock prices and destroying the wealth of clients, most severely those at or near retirement.
Women Rarely Manage ETFs. Meet the Team Looking to Change That
The $6.5 trillion US ETF industry boomed in 2022 as innovative product debuts and market volatility fueled a near-record number of launches. But the fanfare revealed a major flaw in the space: the lack of women helming the funds.
The Four Unique Risks in Decumulation
Relative to the accumulation phase, strategies that mitigate the unique risks faced by retirees in decumulation are less understood and researched. By identifying and illustrating those risks, planners can better prepare clients for retirement.
The 70% Solution
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
NewsLetter - December 2022
Enjoy the latest Newsletter from Harold Evensky.
SECURE 2.0 Act Still Leaves Holes in US Retirement Plans
Congress is on the verge of passing a bill called SECURE 2.0 to help American workers save for retirement.
Recession, Rate Hikes, Diversity- What's Ahead for Banks in 2023
The end of 2022 can’t come soon enough for many in the banking industry. Sputtering capital markets, job cuts, raging inflation, the crypto meltdown and rising interest rates marked a year of upheaval.
Three Situations When You Shouldn’t Advise Clients
Over the years, clients have told me what resonated when I spoke to them. But there have been three situations that go beyond my expertise and ability to be helpful.
The 4% Rule Did Not Become a Whole Lot Easier
Allan Roth’s recent article, The 4% Rule Just Became a Whole Lot Easier, promises too much, makes inaccurate comparisons and blurs the notion of risk.
Jeremy Siegel: The Excessive Bearishness is Great for Equity Investors
“I have never seen so much bearishness in the market,” Jeremy Siegel said, “which is a great sign for stock investors.”
Diverse Thought, Endless Possibilities
When a society embraces cognitive diversity, powerful outcomes can result. In this episode of The Active Share, Hugo sits down with Matthew Syed, a best-selling author, highly acclaimed speaker, and award-winning journalist, to discuss what it means to think in complex ways; the implications of moving away from group think; and how investors can benefit from diverse cultures and voices.
Why Is Wall Street So Hot for Biodiversity Right Now?
As climate change moved higher on the Wall Street agenda, there had been fewer indications that financial giants took similar interest in the biodiversity crisis.
Nuclear Fusion Breakthrough Set to Send Billions of Dollars Flowing to Atomic Startups
The breakthrough in nuclear fusion is likely to spark investment in the technology that could transform the global energy landscape with nearly limitless clean energy.
Financial Planning for Female Clients
It’s common knowledge that, for many Americans, the greatest fear is outliving their retirement nest eggs. With retirement having the potential to stretch for decades, it’s no wonder people are worried. But for women, the risk of not having adequate funds for retirement is even greater than it is for men. As advisors, we must understand and address the financial planning challenges unique to women.
Four Questions to Ask Before Selecting a TAMP
Here are four questions independent financial advisors should ask before choosing a TAMP.
Elon Musk’s Twitter Is Full of People Swearing Off Tesla
The Twitter chatter of Ford Chief Executive Officer Jim Farley is good vibes only: factory photos, race tracks, corporate boosterism and a lot of retweets of Ford customers gushing about their vehicles. It’s all cars, and it’s all anodyne.
Random Thoughts on the Russian War in Ukraine (Hint: It’s Not Going Well for Russia)
The following is a loose collection of random thoughts and observations on the Russian invasion of Ukraine. Rather than a coherent article, I offer some insights that have emerged as the war has dragged on.
Three Signals that a Prospect Feels “Pushed”
Here are three signals people use to let you know when they are feeling pushed.
Are You Selling Life Rafts or Sailboats?
If you aren’t willing to niche, at least decide whether you are trying to help your clients thrive or survive. Then build a message around one of those themes. Are you selling them life rafts (survive) or sailboats (thrive)?
U.S. Consumers Defy The Odds Ahead Of The Holiday Shopping Season
Despite stubbornly high inflation and recessionary fears, spending by consumers may not slow down as we approach the busy holiday shopping season.
2022 Annual ESG Survey: The ESG Journey Accelerates
Our annual ESG manager survey of active managers assesses the integration of ESG considerations in investment processes among equity, fixed income and private markets managers, and spotlights firmwide policies, use of data, engagement and integration.
Preparing for Networking’s Grand Finale
How will you leverage networking’s holiday season grand finale without being perceived as the friend who is desperate for business?
Seven Non-Verbal Signals that a Prospect Likes What You are Saying
Here are some of the cues that indicate a prospect has accepted what you have presented and want you to move on to the next step.
Reflections on Vietnam
The overriding story of Vietnam is the triumph of free markets over communism.
How a Nasty Exchange on LinkedIn Led to a New Non-Profit
What problem could be solved or what issue or challenge could be addressed that would offer wide appeal to the expansive advisor community? The answer that made sense to me was financial education.
Financial Tips for Couples Getting Remarried in their Retirement
Here are some suggestions to consider when remarrying.
Peak Inflation May Hint at Peak Rates in Emerging Markets
Inflation is receding and real interest rates are climbing in EM after a year of tightening monetary policy.
Being Single Is Getting a Lot More Expensive
It took 16 months to pay off my husband’s student loans after we got married.
The Benefits of Independence as a Female Advisor
As veterans of this male-dominated industry, we have faced our fair share of challenges and uncertainty. However, that led us to venture out on our own and start solo planning firms.
Aligning Values and Investing Easier Said Than Done
Aligning your stated values and your spending (a core tenet of ESG investing) is something I encourage as part of financial wellness. But it isn’t always easy to do.
Is the “Long Boom” of Technological Advancements Over?
Few would disagree that the period from 1870-2010 saw immense technological advancements that improved our quality of life. But, according to Bradford DeLong, far fewer advances lie ahead, and societies should adapt by “slouching” away from a free-market system. He’s wrong on both counts.
Advisor Perspectives Named Most Read E-Newsletter for Financial Advisors for Fourth Consecutive Year By Erdos & Morgan
This is Advisor Perspectives' fourth consecutive year of ranking ahead of The Wall Street Journal and Bloomberg among the e-newsletters listed, with 14% more readership across the 1,120 financial advisors surveyed. Advisor Perspectives also claimed the number one spot for e-newsletters among the independent registered investment advisor (RIA) segment.
Three Hidden Words From Fed Insiders Point to Much Higher Rates
The Federal Reserve’s influential staff judges that under the surface the US economy is running even hotter than they thought, helping to explain why inflation remains at a 40-year high and providing reason to expect even more interest-rate hikes.
What We Learned in Fiduciary September
Reg BI is the most divisive issue in the fiduciary discussion and was a focus of the discussion during September’s event.
Another Supply Shock For Oil
Renewed increases in energy prices come at a bad time in the battle against inflation.
Longevicide Will Erode Clients and Assets
I know what you’re thinking: “Longevicide? What is that?”
ESG Stock Watch: Green is Bank of America’s Favorite Color
Bank of America has positioned itself as one of the leading lenders in the green credit space, while peer Goldman Sachs is facing questions from the Securities and Exchange Commission over greenwashing claims.
Continuity Planning for Female Advisors
Here are five steps female financial advisors should take when putting a continuity plan in place for their firm.
Solving the Succession Planning Problem Through Partnership
What will happen to the clients of advisors who don’t have a formal succession plan in place?
Five Ideas That Will Reshape Capitalism’s Next Century
The Harvard Business Review is celebrating its 100th birthday with a fat book of its most influential and innovative articles and an electronic fanfare of videos, charts and online articles.
Where Are the Workers?
Today I want to talk about why the labor market is so out of balance. Some of this is new and some has been brewing for many years. We will end with some commentary on yesterday’s unemployment report.
Retirement Giants Band Together to Help Job-Switchers Transfer 401(k)s
Fidelity Investments and Vanguard announced a rare collaborative effort Wednesday to help employees keep their retirement savings in tax-advantaged accounts like 401(k)s when they switch jobs.
Fostering Innovation and Change
I’ll share some insights as you encourage your team to be more open-minded and innovative and to help with facilitating change efforts within your organization.
An Introduction to Financial Assistance and Special Needs Planning
The search for information and direction about financial assistance and special-needs planning can be especially frustrating for caregivers.
The US Labor Market Is Looser Than It Appears
Most seers believe the US labor market is overly strong.
The Four Worst Marketing Tactics for Advisors
What are the worst ROI marketing tactics advisors are taking on today? Behold, the top four.
Guaranteed Lifetime Income Isn’t Free
Insurance protects against losses – fires, floods or a wrecked car. Because of the life-altering consequences of such as loss, clients rarely question the cost of the insurance. When viewed through an analogous framework, the cost of lifetime-income insurance, such as a GLWB, is fairly priced.
GM’s Commitment to Electric Cars Still Has Skeptics
In a surprise move, General Motors Co. this week joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules.
The Price the U.S. Will Pay for Faster Recovery
Compared to the dotcom and great financial crisis recessions, our fiscal and monetary response over the last two years has been far more aggressive. But the true cost – in terms of inflation – presents a more threatening risk.
How to Fix a Niche that is Too Narrow or Too Broad
When you choose a client niche, you may find that the focus is too narrow or too broad. Here’s how you can remedy the situation.