Commentary on InvestmentNews article by Liz Skinner The idea of getting prospects come to them through their websites is enticing for most financial advisors, but it can take years of trial and error before they see any traction, InvestmentNews writes. Nonetheless, if done correctly, digital marketing can yield real results, according to the publication. Building […]
Ed. Note: This article first appeared in The National Law Journal President Trump’s nominee to be secretary of the Labor Department, Alexander Acosta, said that he’d follow Trump’s February 3 executive order directing the agency to review its fiduciary rule. Noting the Labor Department’s current proposal to delay for 60 days the effective date of the fiduciary rule […]
Commentary on the Wall Street Journal article Financial literacy in the United States is poor, but experts disagree whether making personal finance courses obligatory in college would fix the issue, the Wall Street Journal writes. Making More Financially Educated Consumers Annamaria Lusardi, the Denit Trust chair of economics and accountancy at the George Washington University […]
Even as the central bank amassed trillions of dollars of debt to prop up the economy following the financial crisis, it didn’t hedge its holdings or fret about gains and losses that might keep ordinary investors up at night. This extreme buy-and-hold stance has had an incredible calming effect on the bond market.
There was only one dissent from Wednesday’s rate-raising decision by the Federal Reserve’s monetary policy committee, and it came from Neel Kashkari. The former aerospace engineer and onetime Republican candidate for governor of California is now president of the Federal Reserve Bank of Minneapolis.
Ed. Note: This article first appeared in Newsmax Global asset managers could see revenues fall as much as 30% in just two years if pressure on fees and returns continues unabated, according to a report by Morgan Stanley and Oliver Wyman. If fees fall another 10% by 2019 and money continues to shift to low-fee products, the […]
The pattern is clear now: cash left behind is only the tip of the estate iceberg as a star’s death triggers waves of nostalgia buying. The unofficial Father of Rock could yet leave his heirs billionaires and it all starts with the first studio album in four decades. Chuck Berry started playing in the early […]
Ed. Note: This article first appeared in The Street President Donald Trump has been in the office for about two months, and love him or hate him, financial industry specialists seem fairly bullish on his performance from an economic point of view. That’s the takeaway from a single question posted to a handful of highly-respected U.S. […]
Ed. Note: This article first appeared in InvestmentNewsNet The Department of Labor issued a bulletin on Friday alerting the financial services industry that it will not pursue firm enforcement of its fiduciary rule in the short term. The bulletin was issued to clear up confusing over the rapidly approaching April 10 applicability date. That date […]
“Soft split” has now stretched deep into its second year with no papers actually being served or assets divided. And it may be one of the smartest moves Affleck’s advisors have ever made. Depending on the rumor you believe, Ben Affleck and Jennifer Garner are either getting back together or still on the road to […]