We finally have a new Fiduciary Rule that becomes the law of the land next year on April 10, 2017. Now what?
This question has come up frequently in recent meetings with investors. It is not surprising when you consider the level of media attention on volatility and the advent of new phrases like Flash Crash and High Frequency Traders.
The first few trading days of 2016 have seen volatility return to the stock market. The recent downturn has been attributed primarily to fears of a slowdown in the Chinese economy and a continuing slide in the energy (oil and gas) sector. Short-term traders are making bets on the impacts that these and other events may have on the global economy, and this is spiking volatility in stocks around the world.
Stock prices in markets around the world fluctuated dramatically for the week ending August 27, 2015. On Monday, August 24, 2015 the Dow Jones Industrial Average fell 1,089 points— a larger loss than the “Flash Crash” in May 2010—before recovering to close down 588 points. Prices fell further on Tuesday before bouncing back on Wednesday, Thursday, and Friday. Although the S&P 500 and Dow Jones Industrial Average rose 0.9% and 1.1%, respectively, for the week, many investors found the dramatic day-to-day fluctuations unsettling.
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 »
The New Year began on a rather glum note, as January 2016 went into the books as the worst start to a calendar year for U.S. stocks since 2009. The Dow Jones Industrial Average lost 5.50%, while the Russell 2000 small stock index dropped 9.11%.READ MORE »