“All advice should be in the best interest of the consumer. Bad financial advice is just wrong – period.”
That was the quote from Jo Ann Jenkins, CEO of AARP, which I used to close my most recent post highlighting the Department of Labor’s (DOL’s) new fiduciary proposal.
Here’s the scenario…
Patient: “Hi Doc, I came to see you today because I’m really not feeling well.”
Doc: “Tell me more about that.”
Patient: “I’m running a fever and coughing like crazy.”
CAPE Fear: Can we use Valuation Ratios to Time the Market?
With popular market benchmarks like the S&P 500 setting record highs in 2014, many investors have become apprehensive. They’re afraid that a major market decline is imminent and are eager to find a strategy that promises to avoid the pain of an extended downturn while still capturing any up-side potential.
Over the past decade there has been a great deal of hype in the financial press about the superiority of the so-called “endowment model” of investing. What is the endowment model you ask?
This follow-up to "The Tyranny of Choice" details how the Advisors Access approach enabled two plan sponsors to enhance their plans, reduce their fiduciary liability, and lower costs.READ MORE »