Asset management fees are coming down as lower-cost passive investments take center stage and calls for radical transparency in fee disclosure get louder This means change is coming to the wealth management arena as well, say industry experts How this plays out for individual advisors will depend on their technology platforms and, according to Shirl Penney, CEO of Dynasty Financial Partners , on their ability to articulate value and offer distinct services under clear pricing policies. New York-based Dynasty provides a la carte infrastructure support and related services to about 40 RIAs. For Penney, the fact of “fee pressure and the fear of margin compression” among wealth managers is “undeniable” as “the rate of innovation” in…
Of Fiduciaries and Conflicted Advice: A Guide to Terminology
“Best interest” and “suitability” standards, “conflicted advice,” brokers, advisers, planners. These are all terms that have meanings—some quite specific and some fairly loose. A suitable investment isn’t necessarily in your best interest. An adviser may be nothing more than a salesman.
U.S. court upholds Obama-era retirement advice rule
A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald...
Should You Hold Bonds or Bond Funds When Interest Rates Rise?
Bond investing in a rising interest rate environment requires careful thought. Here are some things to consider about bonds and bond funds.
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You won't get the full benefits of pull-ups if you're making one of these common mistakes. Here are some of the common issues with pull-up form and how to fi...
5 smart ways to rid yourself of debt
Digging yourself out from under a mountain of debt can seem almost impossible, but many have done it, and you can, too. Here are five ways to rid yourself of debt to consider.
How to Excel When You Have Toxic Co-workers
The only person you can control is yourself, so start ignoring the obnoxious person in the next cubicle.
I’ve Always Noticed A Black Diamond On My Tape Measure, But Had No Idea Why Until Now
Carpenters must know this, but a whole lot of other people do not.
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