Hot Topic: Fiduciary Rule

Now the Pope is involved.

Yes, Pope Francis. Just last week the Vatican in Rome issued a bulletin in which Pope Francis took aim at the financial services industry. His broad topic was how financial advisers manage the “savings” of their clients. By “savings” it was taken to mean the savings, investments and accounts of clients. His Holiness even used the word fiduciary criticizing “advisers who failed to act as a fiduciary by not avoiding conflicts of interest and not working as a prudent professional”.^

Pope Francis Continue reading “Hot Topic: Fiduciary Rule”

Remember College Graduation?

College graduation may have been a long, long time ago for some of us or more recently for others – or for your kids or grandkids.

Inspired by this weekend’s upcoming graduation at the University of Notre Dame and “graduation season” in general I offer several basic pieces of personal financial advice that hold meaning for nearly everyone at every age.

Notre Dame Continue reading “Remember College Graduation?”

14 Numbers That May Surprise You

These are from a recent article in the Journal of Financial Planning (May 2018) – and they are not snoozers! In fact, several truly surprised me. Check ’em out. And I did not make them up – these are all from formal surveys.

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Job Migration: Is it Because of Taxes?

Have you heard about the increasing move or “migration” of jobs and corporate headquarters to cities OTHER than New York and San Francisco? Recent reports highlight not just the move of mere jobs but also the move of the CEO and corporate HQ! Several underlying factors including taxes and home affordability are worth considering.

Nashville_skyline
Nashville made a big splash in the world of investment management when Alliance Bernstein announced it was moving its corporate headquarters to Nashville from New York City!

Continue reading “Job Migration: Is it Because of Taxes?”