The General Advisory Channel

Who Reads Financial Reports? Nobody!

For several years I have argued, based on comprehensive statistical evidence, that corporate financial reports―quarterly and annual statements―have lost most of their relevance and usefulness to investors.

Weekly Unemployment Claims: Up 1K from Last Week, Beats Forecast

This morning's seasonally adjusted 217K new claims, up 1K from the previous week's unrevised figure, was below the forecast of 220K

Moving Averages: July Month-End Update

Valid until the market close on August 31, 2018.

The S&P 500 closed June with a monthly gain of 3.60% after a small gain of 0.48% in June. All three S&P 500 MAs are signaling "invested" and three of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index (DBC) — are signaling "invested".

How to Get Out Of Your Own Way

Just as investors have beliefs that limit their ability to grow their portfolio, advisors have beliefs that limit their ability to grow their practices. Those who overcome resistance get the most business. Here’s how the cycle of resistance works and what you can do about it.

Can You Retire Your Retirement Risk?

Many (if not most) people think about retirement in terms of saving for the day they leave the workforce and won’t be collecting a paycheck any longer. The prospect of outliving one’s savings is therefore a top source of stress, along with being able to pay escalating health care costs.

The Unique Retirement Issues Facing Women

Women face at least 12 unique financial and life challenges related to long-term retirement planning. Addressing them can be overwhelming and uncomfortable. Only by understanding the issues can you develop strategies that will provide the greatest chance of achieving your clients’ goals.

Bitcoin Miners See a Bullish Breakout on the Horizon

The price of bitcoin surged above $8,000 on Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded last weekend with little urgency to take regulatory action on cryptocurrencies. In a communiqué, finance ministers and central bank governors expressed confidence that the technology underlying alt-coins “can deliver significant benefits to the financial system and the broader economy.”

Why RIAs are Slow to Adopt No-load Annuities

For industry veterans, annuities conjure the “bad old days” of pushy insurance companies offering rich commissions to snake-oil salesmen with Rolex-knockoffs peeking out from French cuffs.

Oh Behave!

I am often asked by prospects whether financial advisors add value. Being one, of course, I believe we add a great deal of value for clients…In many cases, and especially when the markets become increasingly unpredictable, our most valuable advice may simply be encouraging clients to follow good investment practices.

Mr. Chairman, “Rebuild the 40 Act Wall”

The drafters of the Advisers Act of 1940 thought investors would confuse real advisors from salesmen who pretended to be advisors. That’s why they built a wall to separate the two. Now the SEC wants to tear it down.

Do We Face a Retirement Crisis?

The popular view is that we face a retirement crisis. But receiving far less publicity are a few experienced researchers pointing to evidence that retirees are actually doing okay. I’ll sort out these differing views.

Disrupted Retirement: Is the US Facing a Crisis?

On our latest “Talking Markets” podcast, we listen in on a panel of experts discussing the potential US retirement crisis and the fear factors surrounding retirement disruption.

The Size Effect is Not Dead

How a fund defines its universe of small stocks eligible for purchase will make a significant difference in performance.

Is Goldilocks Awake? Time to Consider Exposure to Alternatives.

In the concluding piece of a three-part series focusing on how to potentially get returns in today’s bull market while protecting against the downside, Global CIO Jeff Hussey outlines why we believe alternative investments should be considered in a multi-asset investing strategy.

Robo-Advisors are not Robo-Planners. Yet.

There are large swaths of the financial planning landscape that can – and should – be both automated and integrated in such a way to which robo advisors aspire, but do not yet currently deliver.