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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28 Feb 2016

Re-examining Self-Regulation

Self-regulation is the Republican mantra today, but it has a long history of failure, especially in the financial services industry. As events have shown, price manipulations and outright fraud have been part of the daily business practices at some of the world’s largest banks and investment firms. This helps explain

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09 Feb 2016

Sanders’ Claim That The “The business model of Wall Street is fraud” Goes Unchallenged by Wall Street

“The business model of Wall Street is fraud.” or, to put it another way, “The business model of Wall Street is conflict-of-interests.” By far, the most pointed statement made so far in the 2016 presidential campaign (at least, as far as the financial services industry is concerned) has been the single

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30 Dec 2015

Hedge Funds Push Conservative Candidates to Maintain Their Edge

When you are a master of the universe, you have to make sure your place on earth is secure. That’s why the nation’s largest hedge funds have been pushing the odds, gaming the system, working to get the edge and hedging their bets to get the most bang for their

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28 Dec 2015

“The Big Short” Gives the GOP Another Reason to Hate Hollywood

One of this holiday season’s biggest and most timely movie hits is “The Big Short,” an unusual film about one of the most esoteric financial topics ever to be presented to a mass audience on the big screen. There are no car chases, shots of cleavage or explosions in the

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