The disclaimers regarding Morningstar's rating system have always been there for investors. Advisors have long warned that the company's famous star-based system is misleading in its simplicity, and academic researchers have concurred, saying...
The Bubble Returneth? Rotisserie baseball geeks worldwide, this is your chance. The Frontier Equity Fund one of the worst performing mutual funds in the U.S. recently hired a 20-year-old to co-manage the fund. Why? Because Chris Lahjii racked up a...
Bureaucracy that smacks of willful ignorance that's what one would-be tipster (and client of mine) encountered when he tried to anonymously notify regulators of trouble at his broker/dealer. As an attorney who has been practicing securities law...
You'd never know it to hear him speak now, but Joe Saul-Sehy once suffered a severe stutter one that earned him the grade-school nickname Jackhammer. That was then; now Saul-Sehy's speaking voice is his meal ticket. Thanks to a combination of...
It's pure coincidence that an anagram of is but the connection still can be twisted into an important lesson regarding high-net-worth advising. Namely, those who get confused about the importance of teams are dead meat, professionally speaking...
It's a testament to the increasing complexity of the advisory business: Many advisors people whose very living depends on their ability to track the ebbs and flows of money are having trouble understanding whether they're being paid correctly by...
Eric Williams, a retail broker at Morgan Stanley, was minding his own business when the phone rang one Friday afternoon 18 months ago. Williams says he wasn't looking to leave but leave he did taking only two days to make his decision to jump to...
The Scottish poet George MacDonald wrote, Age is not all decay; it is the ripening, the swelling of the fresh life within, and financial advisors familiar with the intricacies of life insurance know what he means. As people age, their perspectives...
It's an unfortunate fact of life that a worthwhile goal usually requires copious sacrifice. You can't be a pro football player, for instance, without spending untold hours pumping iron. A surgeon doesn't get to the good part of his job before...