The ubiquitous money market mutual fund has been a hot topic at the U.S. Treasury Department and the Securities Exchange Commission (SEC) since the Great Recession and Financial Crisis of 2008/2009. The Government’s concerns are based on actions taken by institutional investors during the crisis when a large institutional money market fund could no longer… Read more »
The CFA Institute Research Foundation has recently published the book Longevity Risk and Retirement Income Planning co-authored by Patrick Collins, Huy Lam and Josh Stampfli. It is available through Amazon.
Patrick Collins is speaking on the topic of “Monitoring and Managing a Retirement Portfolio” at a July 2016 conference at Salem State University, Massachusetts for the Retirement Income Industry Association.
Although academic studies evaluate the optimality of annuities, advisers assess solutions in terms of contracts governed by insurance carrier profit objectives, tax code provisions, and regulatory restrictions. A variety of annuities exist and, for each type, there is substantial heterogeneity of contract provisions. Practitioners may benefit from an overview of the US annuity marketplace with… Read more »
Sustainability of adequate lifetime income is a critical portfolio objective for retired investors. There are a number of ways to ascertain the likelihood that a portfolio’s investment strategy is suitable to its cash flow requirements. This article provides a brief review of various retirement income modeling approaches including historical back testing, Monte Carlo simulations, and… Read more »
We are pleased to announce the availability of a replay of a webinar recently presented by our Senior Analyst, Huy Lam, to the Retirement Income Industry Association (RIIA). “How risky is your retirement income risk model?” is available to RIIA members. Huy discusses the key aspects of retirement success, and provides a review of various… Read more »
A list of published articles on the topics of Life Insurance and Annuities, Irrevocable Life Insurance Trusts and Fiduciary liability for insurance transactions and policy management. Asset Allocation, Human Capital, and the Demand to Hold Life Insurance in Retirement – Patrick J. Collins, Ph.D., CLU, CFA, and Huy Lam, CFA, Financial Services Review, (Winter,… Read more »
A list of published articles on the topics of Asset Management, Trustee duties in portfolio design, monitoring and surveillance, Family Trust, Longevity Risk and Retirement Income Planning. A Risk Primer for Investment Fiduciaries (with special attention to the management of endowment funds) – Patrick J. Collins, Ph.D., CLU, CFA, California Trusts and Estates Quarterly… Read more »
WealthCaster [WC] is a risk modeling system that illustrates the financial consequences of various portfolio design and asset management elections. It is designed for both trust-owned and individual portfolios; but can be generalized to reflect other asset management environments (e.g., endowments and foundations). In addition to facilitating asset allocation decisions—the user may select up to… Read more »
One of the markets that few investors understand well is the global currency exchange. Most currencies are free floating, which means their relative value can adjust at any time based on the forces of supply and demand. So, when the markets deem the prospects for global growth to be weak while observing that the U.S…. Read more »