The Outsourcing Offensive
The recent new that Harvard University’s endowment fund is to outsource more of its investment to external asset managers underscores the growing demand for expertise in the low return world.
All Is Not Wells
While the $185 million fine issued to Wells Fargo will not bankrupt the lender, the breakdown in compliance and ethics leaves the company morally bankrupt.
Trumping the Markets
The US presidential election, a political juggernaut like no other, has become a day-time TV freak show – playing to the lowest common denominator of populist politics.
You say Fiduciary, I say Suitability
The requirement for advisors to better understand the needs and objectives of clients is a core pillar of the US regulatory environment – yet it is now increasingly important for clients themselves to have a firm grasp of the rules under which advisors operate and the different models available.
A Bag of Surprises
With China making a decent attempt to derail global markets straight out of the starting blocks into 2016, the US investment community faces a bumpy year of uncertainty despite the country’s sound economic fundamentals relative to its peers.
Family offices have traditionally been seen – well, not actually seen – as a diverse, hard to reach, and somewhat unquantifiable distribution channel for asset management firms.
They say something is only worth what someone is willing to pay for it, yet this is not the case in the sexy world of mutual fund, ETF and synthetic financial product unitized-pricing.
Back to Basics
The re-emerging need for proactive asset manager acumen and skill – stock, sector, and thematic selection – is one of the silver linings of this week’s global stock market route.
The industry turned out in droves this week to front the Department of Labor’s hearing regarding the introduction of a fiduciary standard in the US.