The most important financial document your clients can sign is a power of attorney (POA). Katya Sverdlov, CFA, JD, explains.
We are socialized to believe that we get what we pay for. In the case of trustee and planning services, does the lack of a stated fee imply to clients that these services have little value? Preston McSwain offers his perspective.
The Epicurean Dealmaker ran during a financially tumultuous period from early 2007 to around April 2015, when its pseudonymous investment banker author appeared to have signed off for the last time. It is a treasure of erudition, wit, recalcitrance, irreverence, and self-deprecation, writes Marc Ross, CFA.
Stop losses may not enhance returns, says Joachim Klement, CFA, but they enhance client well-being, and in the end, they may keep a client from selling what is otherwise a great long-term investment.
By far the biggest hurdle to handicapping or investing is recognizing when basic conditions have changed, be they rule changes, unexpected weather, personal issues of the professionals, or any number of other fluctuations. From an investment viewpoint, I believe 2015 experienced such cumulative changes that made many of our old approaches less useful.
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