Cloudy with a Chance of Lawsuits

If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.

Thanks-givings (Not Misgivings) about Social Security

This year I'm claiming the Social Security benefits that I've earned on my own work record. I'm old enough now to be truly thankful for Social Security, whose future is precisely as certain, as fair, and as bountiful as we decide it will be.

The Alt-Asset Teams that Reinvent Annuity Companies

'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.

One Life Insurer’s Pivot to Private Assets

American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.
Featured

The Tell-Tale Brokerage Statement

Judging by what I saw (and didn't see) in a friend's brokerage IRA statement, class action lawsuits for breach of the DOL Best Interest Contract might be a lot more common than anybody expects.
News

What Keeps Equities Aloft: Grantham

Low rates, high leverage, monopoly power, global brands and a friendly Supreme Court have all helped sustain corporate profits and keep P/E ratios high, writes the famous value investor.

Cloudy with a Chance of Lawsuits

If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.

Reminder: Solve our retirement income case

Last week we presented the case of a couple, ages 64 and 63, with over $1 million in investable assets but no clue as to how to generate retirement income from it. (See 'This Couple Needs Your Advice' on the current RIJ homepage.) Please send your recommendations--even sketchy, general recommendations--to us by email on or before July 1.

Wealthfront angles for upmarket clients

The robo-advice firm has launched Advanced Indexing, a service that holds individual stocks to reduce costs and enhance 'tax-loss harvesting.' There are two levels of service, for clients with at least $500,000 or more clients with at least $1 million.

Research supports investing Social Security funds in equities

“Investing a portion (a maximum of 40%) of Social Security trust fund assets in equities would reduce the need for greater payroll tax contributions or benefit reductions,” said a new issue brief from the Center for Retirement Research at Boston College.