19 Mar
March 19, 2012

In professional circles, we often talk about a “client-first” attitude, which is shorthand for giving your clients the same quality of financial advice as you would give your mother. It’s a useful shorthand way to navigate through a financial world that is still beset by incentive payments, expensive rewards for sales production, under-the-table or soft dollar incentives and a host of other ways that product vendors try to buy their way into your portfolios.

“Client-first” simply means that the client’s financial

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16 Dec
December 16, 2011

Though the evidence has been overwhelmingly consistent over time, much of the mainstream media covering the financial markets continues to express shock at the idea that active management of mutual funds typically underperforms a passive indexing strategy. Given active management’s actual track record, the underperformance shouldn’t come as such a shock.

According to Bank of America Merrill Lynch, only 23% of large-cap managers are beating the S&P 500 and 27% percent are ahead

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07 Sep
September 07, 2011

I recently came across an article on Yahoo! Finance titled “Retirement Plans for 1,000 Year-Olds.” It is based on recently published research from a biomedical gerontologist who claims that with advances in medicine, the first person who will live to age 150 has already been born and that the first person to live for 1,000 years could be born in the next 20 years.

While these claims seem to be that of science fiction, that fact that humans are living longer

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03 Apr
April 03, 2009

Another tax season is winding to a close. And while the subject of taxation is not known for being particularly colorful, it has a long and storied past. Taxation and its associated problems date back to some of the earliest recorded history. Who would have guessed that a protest over taxation gave us the dubious moniker “Peeping Tom”?

In ancient times, Egyptian tax collectors known as scribes imposed a tax on cooking oil. To ensure compliance with

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01 Apr
April 01, 2009

With the volatile markets we have been experiencing recently, investors are on a heightened state of alert. With such a captive audience, media outlets are quick to make a headline out of almost any new economic data they can find. The data the media is typically reporting are known as economic indicators. The challenge for investors is understanding what the data means and how it might impact their portfolio. Depending on the type of indicator, it may have no impact

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