The Fiduciary Rules Channel

Fourth Quarter 2018 - The Year When Nothing Worked

2018 will be broadly remembered as a year when nothing worked and daily stock market volatility spiked. This contrasted with 2017 where seemingly everything pushed higher, and volatility was low. But in 2018, nearly every single asset class and all but one major stock market index (Brazil) around the globe posted negative returns.

A Thousand Points of Fiduciary Light

The brilliance of Regulation Best Interest is how it sidesteps the 1940 Advisers Act to marginalize fiduciary duties for retail investors. It proclaims a broker suitability-styled standard to be in the best interests of investors. Industry advocates say it’s a strong investor protection rule. It’s not. It’s the opposite.

Why Advisors Should Distinguish Base and Discretionary Expenses

The difference between base (mandatory or essential) and discretionary (voluntary or non- essential) expenses in retirement is fundamental and consequential. Properly making this distinction may be the most important decision in order to use assets efficiently and effectively in retirement income planning.

Why Advisors Should Distinguish Base and Discretionary Expenses in Retirement

Some advisors fail to highlight the difference between expense categories and claim that clients do not see food, shelter, insurance differently than country club dues or vacation cruises, hence the expense categories are combined and called ‘lifestyle expenses’. In our view, this is a distortion of affluence.

Trending Up: US SIF Report Finds $12 Trillion Invested in Sustainable Assets

Interest in environmental, social and governance (ESG) investing has reached a new threshold across U.S. money manager, institutional and retail spaces, according to the US SIF's biennial "Report on U.S. Sustainable, Responsible, and Impact Investing Trends" released last month.

Weekly Unemployment Claims: Down 17K, Better Than Forecast

This morning's seasonally adjusted 216K new claims, down 17K from the previous week's revised 233K, was better than the Investing.com forecast of 225K.

A Massive Missed Opportunity

Fiduciary RIAs don’t advertise. It’s a massive, missed opportunity.

The Ratio of Part-Time Employed: December 2018

Let's take a closer look at Friday's employment report numbers on Full and Part-Time Employment.

Sometimes Meteors Strike the Earth

What would be a normal seasonal correction is turning into the worst December selloff in equities since the Great Depression.

Our Top 10 Favorite Blog Posts of 2018

Which blog posts generated the most interest from readers in 2018? We wrap up the year with a look back at our favorites.

Investment Outlook: Turbulence Ahead but Opportunities Remain

Global markets are jittery as we start the new year with the same volatility drivers in place as last year. In our view, it's time for your clients to expect and prepare for periodic bouts of volatility.

The Ten Best Articles You Probably Missed

Great articles don’t always get the readership they deserve. Here are another 10 that you might have missed, but I believe merit reading…

Joe Duran’s Long-Term Vision for United Capital

Joe Duran is the CEO and a founding partner of United Capital, one of the largest independent wealth management firms in the country, and the nation's first and largest financial life management company. In this interview, he discusses how he is opening up his technology for other advisors to use and his vision of the long-term future for his firm.

Why Facet Wealth Wants to Buy Your Small Accounts

Anders Jones is CEO and co-founder of Facet Wealth, a next-generation financial services firm reinventing financial life management for the mass affluent. In this interview, he discusses how his firm partners with advisors to help them provide financial planning and investment advice for their smaller clients.

The Five Challenges Facing Advisors in 2019

After talking with hundreds of advisors and interacting online with thousands more, I’ve identified five ominous challenges the profession will face and trends it will need to adapt to in the coming year.