When Ryan Kaufman learned that his broker/dealer Woodbury Financial Services was being purchased by AIG’s Advisor Group last month, he was probably thinking, “here we go again.” The rep has a storied history with AIG, and he didn’t want to go ...
I love to read GMO’s quarterly reports. For obvious reasons: Everybody loves to read about horror. GMO, for the few who don’t know, is a famous asset manager (about $100 billion in assets under management) founded by Jeremy Grantham and his pa...
Last week a group of 12 industry heavyweights, including the likes of Paul Volcker and John Bogle, announced their signing of a letter calling for regulators to move forward with a universal fiduciary standard of care. I had the pleasure of ch...
