But Aren’t All Investment Advisors Fiduciaries?

From time to time, we are asked about differences in standards of practice among various types of investment practitioners. Registered Investment Advisors (RIAs) that meet a threshold of assets under management are regulated by the SEC under the Investment Advisors Act of 1940 (the 1940 Act). Smaller RIAs are regulated by state securities regulators. Generally,… Read more »

The Stock Market: A Brief Overview

The stock market, or stock exchange, helps investors invest in a company or companies of their choice. In exchange for purchasing a share of company stock, the investor receives a promise to share in a company’s profits. If the company makes money, the investor can expect to (1) receive some of the profits in the… Read more »

Bond Strategies in the Face of Rising Interest Rates

Many investors understand maximizing return as the obvious primary goal of investing. Yet most financial economists would argue that the primary purpose of a portfolio is, not to maximize return, but to enhance the likelihood of achieving specified financial objectives at an acceptable level of risk. Returns are great; risk, less so. Yet the opportunity… Read more »