[Note: the entertainment segment of this post is at the end for 13-3 = 10 fans. All the usual disclaimers apply. This post is based upon what’s been reported in public but it seems to me that better communication from […]
Readers note: we seldom publish but when we do, it’s intended for leaders and fiduciaries who take on those responsibilities seriously. And for boards, shareholders, employees, ERISA, Taft-Hartley and public pension plans and participants and beneficiaries thereof, trust beneficiaries and […]
Taxonomically the sudden surge in demand for toilet paper is likely to bear similar hallmarks to the incipient spike in litigation claims for breach of fiduciary duty. These claims are likely to appear in: partner, business, employment and compensation disputes, […]
The good tidings of the holidays and beginning of the 2019 new year bring with it fervent hopes for things to improve, get better and this: for switches in trustees and new board of directors appointments. Let me make this […]
A budget, like lane markers on a freeway is a basic tool to help provide guidance as to the amount or range estimate for a particular or group of expenses, fees, costs, or other cash outflows. Another way to state […]
Facebook CEO Mark Zuckerberg, was asked during the Senate Hearings on Facebook, Social Media Privacy, Use and Abuse of Data about an unusual term “INFORMATION FIDUCIARY” This is not a one post, wham bang post; it’s such a large global […]
It’s Oscar night and Three Billboards Outside Ebbing, Missouri is one of the favorites of nine films nominated for Best Picture. Three Billboards grossed about $123 Million, not too many folks including perhaps some Academy members have even seen the […]
(The new rule is also known as the Conflict of Interest rule). American retirees better get used to a new word, fiduciary. It’s pronounced (fi-do-she-er-ee). In a nutshell, retirees need to better protect their retirement “nest eggs” from financial advisers […]
We wrote ten years ago in 2004 about hedge funds, including suggestions and questions to improve prudence. Recently, CalPERS seems to have determined for itself the costs, risks and returns were not worth it. They have simply announced they will […]
Is 2007 happening again? This time in bank or leveraged loan funds? Regarding Bank Loan investment market: “It will be hard to call the exact move in interest rates because we’re in a massive global monetary experiment that’s never been […]
How can you tell? They don’t or won’t talk about much less recommend low-cost passive index funds. And they don’t or won’t talk about or own up to fiduciary responsibility verbally or in writing. They may use esoteric terms (words […]
According to the NY Times, “a 36th year went by without another Triple Crown champion, and California Chrome joined 12 other horses who could not get to the finish line first in the Belmont Stakes. Greatness is not prophesied. It […]
Acting as a trustee? Better go to acting classes… A recent consultation involving asset protection trust strategies redounded to a very basic observation applicable to nearly all trustees. As I said on the conference call to the new lay (non […]
The SEC commissioners conducted a brief 55 minute hearing on April 28, 2004 that set the stage for the global financial crisis (GFC) which began to unfold in early 2007 and reached full boil in September 2008. As far as […]
Look up in the sky, is it a bird or a plane, no it’s PE, no not the price earnings ratio, not phys ed, or public engineer nor proper elimination and hardly public enemy, it’s PE as in private equity. In the […]
United States Constitution Congress Flag of the United States Federal Reserve Board SEC (Securities Exchange Commission) FASB (Financial Accounting Standards Board) PCAOB (Public Company Accounting Oversight Board) SIPC (Securities Investor Protection Corp.) NASSAA (North American State Securities Administrators Association) […]
Ever since medical marijuana and recently recreational pot became legal in two states, marijuana stocks are popping up to serve new customers, create sales and profits. It’s estimated over 94 million people in the US have tried pot at least […]
Why your brokerage firm, stockbroker and financial planners don’t have sales or do they? The likes of Amazon, Home Shopping Network and Groupon forced sales into every single nook and cranny of American living rooms and businesses (and when after […]
50th Anniversary of US Surgeon General Smoking warning, today Fiduciary Expert raises red flag on FINANCIAL CANCER 50 years ago, in 1964 the US Surgeon General, Luther Terry announced smoking caused cancer. The tobacco industry decided to hide the truth […]
Sly and the Family Stone came out with “Let me take you higher” in 1969, it seems a sales trader at a large Wall St firm has taken those boom lacka lacka, boom lacka lacka lyrics to heart. It’s true, it […]
Trustees have a fiduciary duty and must know(1) the fees, commissions and expenses charged to assets in trust or fiduciary accounts. The new third party compliance FACE Audit™ helps trustees meet their fiduciary duty. The FACE Audit™ is appropriate for […]