Academics have long concluded that retail fund investors are dumb. Most investors favor actively managed funds, and on average the funds are losers. In a typical study, researchers look at a group of 200 or so funds and find that two-thirds trail...
After finishing Walter Isaacson's wonderful must-read biography, Steve Jobs, I reflected on my business heroes. Although Jobs was a genius whose vision and drive in many ways changed the world, I found myself thinking about Sam Walton.
As we ent...
Whether they are early in their tenure or late in the game and focused on succession planning, savvy advisors know that attrition, rising costs, and pressure from the competition will kill a business that is not in growth mode. You've got to grow...
It pays to be rich. You already knew that, but you might not appreciate that being rich helps students who are applying to college.
This reality isn't something that colleges and universities are proud of and they certainly don't publicize it. W...
I typically advise my clients to undertake a serious “cold review” of all previously cited problem areas and deficiencies when preparing for their next regulatory exam. Frankly, you'd think that's just common sense, right? After all, the first th...
Philadelphia—“I just spent an hour solving a problem for a very low-revenue client, embarrassingly low, especially when I discovered he no longer worked for the company whose owner is a good client,” mused Michael. He confessed, “I know what I...
The Financial Industry Regulatory Authority continues its crackdown on the sale of troubled private placements, filing sanctions against eight firms and 10 individuals Tuesday and ordering them to pay restitution to investors. According to FINRA...
A huge demand among mass affluent investors for retirement income products is building, but industry response to the trend is still in its infancy, the author of a new Aite Group report on the subject says. Greg Cherry, a senior analyst at Aite’s...
