The Department of Labor’s Fiduciary Rule has taken effect after a two month delay. Many brokers and advisors had hoped the election of Donald Trump and his promise of “slashing” regulation would mean the DOL’s rule would never become law. The problem with that
It is clear from the recent election campaign that our country is deeply divided. As I often remind those attending my seminars, our country has faced a far bigger divide and somehow overcame it. On this Thanksgiving weekend, I would encourage everyone to take some time to read the original
“Recency” bias, or the more formal term “availability” bias is something we have observed at SEM for years with our client and advisor base. The human brain by design more easily recalls the more recent events and then sets future expectations around these memories. The longer
Market participants have focused so long on what the Fed will or won’t do they seem to have forgotten how to actually analyze investments. Bank of America Merrill Lynch (BAML) CEO Brian Moynihan summed up the current state of the market —
“Where
We find it surprising that so many people trust what the Fed says about the economy. They have had a less than stellar track record at both predicting the recession and the severity of that recession, yet for some reason the markets continue to have faith in both their ability
