23 Jan 2017

Trump Moves to Repeal the Pro-Investor Fiduciary Standard

[sgmb id=”2″] Despite its claims to be for “all Americans,” the Trump Administration is moving fast to repeal the historic pro-investor fiduciary ruling that let’s 401(k) investors know the fees, expenses and conflicts-of-interest their financial advisor and 401(k) providers are receiving when selling them mutual funds and annuities for their

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15 Jan 2017

Bad News For the Retirement Industry: 401(k)s and IRA’s Fail Compared to Pension Plans

[sgmb id=”1″] Two of the cherished gems of the investment and retirement industries are being criticized as failing and this means more bad news for Americans planning for retirement. The first gem to be tarnished was shown in an eye-opening research report from the Economic Policy Institute about the failure of

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14 Dec 2016

Wells Fargo Fraud Continues As It Sells Insurance Policies to Unsuspecting Customers

[sgmb id=”2″] I think this is only the second time I have posted something directly from another site that was not original, but it is an important story on how far Wells Fargo has gone to deceive its own customers, many of whom don’t speak English, in order to sell

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05 Dec 2016

The Investment Industry Intentionally Avoids the Pension Underfunding Crisis

[sgmb id=”2″] Since I started in financial journalism over 35 years ago as a reporter in a two-person bureau in Chicago with the trade magazine Pensions & Investments, the issue of underfunded corporate and municipal pension funds is something we all learned on the first day of work. Now, over

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28 Nov 2016

Financial Professionals Must Acknowledge the Dangers of Financial Stress

[sgmb id=”2″] For decades, investment professionals have focused on wealth management, trading, selling funds products and 401(k)s, but there has always been one glaring omission: These same professionals have intentionally avoided the millions of Americans who live paycheck to paycheck and have no savings. And since they are unable to

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15 Jun 2016

Vanguard Bucks the Industry Trend By Lowering Fund Expenses

[sgmb id=”2″]   Vanguard, the industry’s biggest proponent of lowering fees and expense rations for its mutual funds and ETFs, continues to remain far ahead of the industry by announcing that it has reduced fees again. In a May 26, 2016 release, Vanguard said: “Vanguard investors saved $71 million as

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22 May 2016

Time for Outsiders To Emerge in the Financial Services Industry

[sgmb id=”2″]Being a political outsider has captured the attention of the American electorate in the last decade or so and is now been credited with generating a fundamental re-assessment of the national political establishment.  Now, it’s time for outsiders to emerge in the financial services industry. Why? Simply because the “financial services industry,” a

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28 Apr 2016

More Bad News for Wealth Managers: Neoliberalism is Destroying Your Client Base

Like the citizens of Garrison Keillor’s mythical city in Minnesota, Lake Wobegone, where 90% of the residents are in the top half of the class, 90% of today’s wealth managers continue of their quest to find the top 10% of the wealthiest Americans. It’s a tough search and by all

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07 Apr 2016

Historic Pro-Investor Fiduciary Regulations Now Under Attack From Trump Administration

[sgmb id=”2″] The Trump Administration has announced that it will seek to reverse the U.S. Department of Labor’s historic announcement that millions of investors will finally be able to receive objective, unbiased information about their investment choices. This attack on the fiduciary standard also is being abetted by the most

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15 Mar 2016

If You Thought Fund Expenses Don’t Matter, Think Again

Fund expenses are the only thing an investor can control. They cannot control market volatility, political disputes, oil production, Fed interest rate policy or the decisions made by public companies. But they have total control over their fund expenses and these represent money that goes directly to any investor’s bottom

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