Market Upswing or Marketing?
The Dow Jones Industrial Average (DOW industrials) recently hit an “all time high.” While it is nice to read these types of stories from Wall Street, what does it really mean? This recent “all time high” refers to the DOW industrials surpassing its closing value in 1999. This means that an investor who invested at [...]
What Is More Important for Financial Planners: SEO Skills or Business Acumen?
I have often heard financial planners complain that they are financial advisors and not business men (or women). That is why I have been surprised lately to hear a number of financial planners lament that they are financial advisors, not internet search engine optimization experts. I guess it is time for all financial planners to [...]
Litigation Pending for Broker/Dealers Who Offer Fee-Based Accounts
There has been a lot of controversy lately surrounding how and who may provide investment advice. The Securities and Exchange Commission (SEC) promulgated a rule that exempted fee-based brokers from registering as “registered investment advisors” (i.e., the Merrill Lynch rule). The Financial Planning Association has subsequently filed a lawsuit against the SEC challenging the rule. [...]
AICPA Study: Right Conclusion, Wrong Analysis
The American Institute of Certified Public Accountants released a report recently which argues that Americans between the age of 25 to 34 face an “uncertain future due to poor financial habits.” While its conclusion may be correct, its analysis is flat wrong. The AICPA report was based on the fact that Americans between this age [...]
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