The General Advisory Channel

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.

A special invitation to attend the top investment and behavioral finance conference

We're very pleased to invite you to join us for Portfolio Construction Forum Markets Summit 2019 (February 19) and Finology Summit 2019 (February 20-21), in Sydney, Australia.

Investing in Decisions

Richard Thaler and Emmanuel Roman discuss behavioral science and investing.

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.

Sustainable Development Goals — What Are The SDGs?

The Global Goals for Sustainable Development (SDGs), officially known as “Transforming Our World: the 2030 Agenda for Sustainable Development,” consist of 17 goals and 169 targets that were created to end poverty, promote prosperity and well-being for all, and protect the planet.

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.

Liquidity: Factor investing's hidden gem

The liquidity factor is a hidden gem waiting to be mined. Target its precious premium.

No Place to Hide

The last quarter of 2018 marked the dramatic end of the longest bull market in financial history, nine-and-a-half-years (115 months) of generally rising U.S. stock indices. December was the worst performing month since the Great Depression and the year was the worst since 2008.

Moving Averages: December Month-End Update

Valid until the market close on January 31, 2019.

The S&P 500 closed December with a monthly loss of 9.18% after a small gain of 1.79% in November. All three S&P 500 MAs are signaling "cash" and four of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ETF (VEU), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index (DBC) — are signaling "cash".

Moving Averages: Month-End Preview

Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month.

Three Ways to Maximize Clients’ Charitable Impact – a Conversation with Jeff Raikes

As 2018 comes to a close, it is a great time to discuss clients’ charitable giving strategies for next year and beyond.

Why Gundlach Is Still Wrong About Higher Rates

Last Monday, Jeff Gundlach, famed bond fund manager and CIO of Doubleline, made an interesting comment during an interview with CNBC when he stated that the 10-year Treasury yield would top 6% by 2020 or 2021. 6% would be the highest yield since 2000.