In my career as a CERTIFIED FINANCIAL PLANNER™ I have had the opportunity to work with many clients reviewing their investment accounts. What has always struck me was the large number of accounts that are held across an array of firms such as brokers,...
Most people who have been around investing for even a brief period understand the concept of a benchmark- comparing your portfolio results to the results of a “control” group of assets. The idea is to measure performance against a neutral, broad based basket of relevant...
Most investors are very familiar with mutual funds. Mutual funds have been around since the 1890’s, with the most common structure (open end) being established in 1924. These funds are a way for investors to access a diversified “basket” of securities. Mutual funds hold all...
Many generalizations have been made regarding the differences between millennials and prior generations. As a millennial myself, I think we often get a bad rap when our generation’s tastes and preferences are extrapolated out into sweeping statements designed to be click-bait headlines. How many articles...
All professions have their own language- terms unique to the industry that describe specific ideas to those who think about them each day. The financial services industry is not immune to this phenomenon. Although many advisors use such language simply out of habit, it often...