First, there was significant student debt, then jobs that didn’t pay a living wage, job insecurity and the rise of the gig economy. The net effect of all these factors is that millennials now say they will be renters for years, some say forever. Even worse, this will
CEOs set the tone for their companies in every respect–behavior, motivation, intellectual curiosity, innovation and ethics—so it was not surprising to hear that the Larry Zimpleman, CEO of Principal Financial Group ($114 billion in assets under management), my former employer, criticized some of the most innovative products in modern financial
By David Lufkin As part of the Dodd-Frank Act, the SEC has been charged to “identify the existing level of financial literacy among retail investors as well as methods and efforts to increase (it).” Part 1 of the SEC Financial Literacy Study was released recently, but the horses left
The debate over the benefits of active investment management versus passive investing remains a favorite topic of investors. Whenever new data emerges to buttress the long-established argument that index funds, which use passive investing, outperform on all measures compared to active-funds, the strategy gains more attention.