The Fiduciary Rules Channel

Weekly Unemployment Claims: Down 10K

Today's seasonally adjusted 239K new claims, down 10K from last week's revised 252K, was slightly better than the forecast of 240K. From the release: "Claims taking procedures continue to be disrupted in the Virgin Islands. The ability to take claims has improved in Puerto Rico. "

Ongoing Contributions to a Donor Advised Fund

While the initial gift to a client’s fund may tend to be the largest, we should not ignore the opportunity to continue to incorporate donor-advised funds into the client’s ongoing charitable plan.

Neil Hennessy – The Opportunities in Mid-Cap and Japanese Stocks

Neil Hennessy is a portfolio manager and chief investment officer at Hennessy Funds. In this interview, he discusses the compelling opportunities in mid-cap and Japanese stocks, and what RIAs should be doing in advance of the next market correction.

How do you measure an active manager’s success?

Financial research and technology can dissect individual funds to attribute the reasons behind performance.

Six Tips to Take DC Plans to the Next Level

Tax reform. Interest-rate hikes. Regulatory questions. Inflation. There’s always a reason to put off making changes to your company’s defined contribution (DC) plan. But some improvements will be good for your plan and participants no matter what happens.

The “Fat Pitch” & Miss

While I remain long and invested in the markets on behalf of my clients, I focus and write about the significant risks that are currently present. I am fully aware a laissez-faire attitude towards these risks is ultimately likely to destroy large portions of my clients hard-earned, and irreplaceable, investment capital.

Building client trust: The true value of a value statement

Open up with clients to earn trust.

Six Phrases Advisors Should Never Use

Most financial advisor websites, brochures and social media campaigns are generic. Their jargon is meaningless. If you’re using any of these six phrases then kick them to the curb.

The Ratio of Part-Time Employed: October 2017

Let's take a close look at Friday's employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government's Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) of households. The focus is on total hours worked regardless of whether the hours are from a single or multiple jobs.

5 Agents of Change Investors Need to Know About Now

The world is changing fast right now in ways that many investors might not easily recognize or want to admit. This could end up being a costly mistake. If you’re not paying attention, you could be letting opportunities pass you by without even realizing it. With that in mind, I’ve put together a list of five agents of change that I think investors need to be aware of and possibly factor into their decision-making process.

Retirement Income Planning Takes a Flexible Approach

If you are like many people, you probably have put plenty of thought into what your ideal retirement would look like. Maybe it involves exotic travel, pursuing a favorite hobby or spending more time with friends and family.

My Wife Wants Me to Hire a Partner

Can I run my sole-practitioner firm for the next 15 years until I retire? I write because my wife keeps bugging me to “hire someone to help” and I am dragging my feet to do this. She thinks it will free me up, but I believe it will tie me down in ways I don’t desire.

NewsLetter - October 2017

Harold Evensky's most recent Newsletter.

Science Fiction to Science Fact: The Rise of the Machines

The rapid expansion of artificial intelligence (AI) has generated a lot of excitement, but also some (perhaps justified) paranoia. Will computers replace—or even overtake—human beings?

The Ten Worst Mistakes Advisors Make

I’ve seen many positive changes in the advisory business over the past three decades. Fees have gone down and diversification has gone up. Advisors are a large part of the reason flows are moving from expensive active to low-cost passive funds. This has been good for our clients. Still, we have further to go, and having advisors address these 10 failures in their practices will help us get there.