FINRA Fines Merrill Lynch $2.8 Million for Overcharging Customers; |
This video does an excellent job of explaining what rate of return expectations are and why they are important. It also explains how rate of return expectations are derived and how they can impact financial plans and investment portfolios. While the concepts and process described in this interview pertain to one of the largest institutional funds in the world, they are virtually identical to the ones you and your advisor should be discussing. Learn More | In this interview, the chief investment officer and interim chief actuary for CalPERS discuss the process they use to review and adjust their pension fund's assumptions. |
The Importance of Selecting the Right Benchmarks...
| Please note that mutual funds and money managers usually select their own benchmarks. That is, they select which yardsticks they think their performance should be compared to. A cynic might say this is like the fox guarding the proverbial chicken coop so make sure you understand what's going on here. The video to the left and the white papers below address this important and often overlooked aspect of investment management. Do NOT be surprised if your financial advisor gets stumped here. If that happens you should view this as a mutual learning experience. |
Explore More... | Here are some resources you might find helpful...
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Excellent article. Certainly should be read by most investors and all advisors.
The animation at the bottom of the page was quite enjoyable. It mentions Ron Surz, who truly is a genius at investment style analysis.
Learn what kinds of advice and investments he was typically recommending in 2005–2007 and whether he is still giving that type of advice today. Ask how many clients he had in 2007, and how many of them are still with him today — if he’s experienced significant turnover in clients, you’ve just obtained information that’s far more valuable than you’d ever get from calling a reference or two.
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