When the market crashed in 2008, most stock funds collapsed. But a handful avoided serious losses, shifting to cash or taking other defensive measures. The winners attracted assets. Fund companies took notice and introduced dozens of tactical ...
The adage to “invest when there’s blood in the streets” could easily apply to aggregators of registered investment advisors in the period after the 2008 crash. For firms with national aspirations and hunger for scale, the fields were rich with...
“I think the most common mistake is when a high-net-worth individual thinks that this is an easy business. People don’t surround themselves with professionals who know the business; they try to do it themselves.”
Advisors long for the good old days when variable annuities had high guarantees. But guarantees are not what they once were, and advisors continue to shun VAs.
