After working in the investment industry for a few years now, there are a few things I’ve noticed about the importance of fiduciaries. It’s right around this time in an up-year where clients tend to call in asking if there’s anyway to “boost” their accounts, or make more in the account. Of course on the flip side, it’s right around when the market is already down 10% or more that those same clients call to make their accounts more conservative. This places an extremely important responsibility on the fiduciary adviser to be able to explain to their clients why they are most likely making a mistake. Performance chasing is a loser’s game, even though client greed is something that will never go away. It will greatly benefit the client if the fiduciary adviser is able to properly explain to the client that staying the course and sticking with the game-plan is more likely the better way to invest.
Here’s what I’ve been reading this morning:
’15 Minutes A Week Can Change Your Relationship To Money’ – Broke Millennial
‘Factor Investing in Multi-Asset Portfolios’ – Corey Hoffstein – Newfound Research
‘3 Ways Retirement Planning Has Gotten Trickier In 2017’ – Emily Brandon – U.S. News
‘April ETF Inflows More Than Double From 2016’ – ETF.com
”I, Robot’ Is Coming — A Decade Early’ – John Markman – Forbes