| Fiduciary Rule Double-Take Leaves Retirement Industry Perplexed |
| The Trump White House has clearly tried to label itself as pro-business, but the effort to halt the fiduciary rule has so far injected more confusion than clarity for advisory firms.
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| CVS Participants' Stable Value Fund Suit Fails Again |
| Fiduciaries have a lot of responsibilities, but they are not required to predict the future, and cannot be held liable for deciding to avoid risks that, in hindsight, could have been tolerated. Nor are they held to the standard of looking to the average and copying what they see.
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| Facing Uncertainty With Laddered Fixed-Income Portfolios |
| “As the years move along, I continually have a cash flow coming back in from maturing securities, I can keep the ladder rolling and reinvest this with a fresh risk perspective. For income-focused investors, i.e. retirees, a gradually rising rate environment is actually a fantastic environment for these laddered portfolios over time. It leads to durably higher spending ability for the end-holder of these investments.”
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| Navigating Through a Low-Fee World |
| “About 45% of households believe the financial advice they receive is free, or they are unsure whether they pay for financial advice, but there are several forces driving consumers’ attentiveness to fees,” according to a new study by Cerulli Associates.
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