Many of you have been hearing or reading in the news the discussion on what is referred to as the “Fiduciary Rule.” A version of the Fiduciary Rule was originally proposed in 2010 by the Department of Labor (DOL), then quickly withdrawn amid great protest in the financial industry. Essentially, the concept is and was to overhaul ERISA (Employee Retirement Income Security Act)—originally enacted in 1974 to regulate the quality of financial advice surrounding retirement. In 2015, President Obama ... [Continue Reading]
Articles and resources related to Financial Advisors.
Throughout the years we’ve come to appreciate the different perspectives held by firms and service providers within the financial services industry that vary from ours at CCM. We believe that varying viewpoints lead to meaningful conversations that ultimately produce better advice, products and service for our clients. This point is timely this week, as a recent Wall Street Journal story, “DFA Funds Are Booming, but That Adviser Fee Matters,” rightly highlighted the benchmark beating performance ... [Continue Reading]
At Carlson Capital Management (CCM), we are very intentional about involving our clients in the integrated planning process. We want all clients to engage with us in a way that fosters trust and understanding about the work we do on their behalf to help them with their financial future. CCM has nearly 800 client relationships of which more than ninety percent involve a female. Whether they are married, single, divorced, or widowed, just about every relationship at CCM includes a woman who is ... [Continue Reading]
Jane Brody recently wrote this piece, Thriving at Age 70 and Beyond, for the New York Times that we found interesting, insightful as well as inspiring. Inspired by the book, "70 Candles! Women Thriving in their 8th Decade," Brody highlights the leading questions and topics facing women, in particular, as they age. Brody's insights as to the way the first generation in which huge numbers of women who have had careers, have approached retirement, is thought-provoking. CCM advisors place a great ... [Continue Reading]
The final ruling from the Department of Labor (DOL) on the long awaited regulations requiring advisors to act as "fiduciaries" was announced last week. The ruling basically elevates the responsibilities of all financial professionals to put clients' interests first and to increase disclosures to better ensure investors are getting appropriate, unbiased, and trusted advice. The document itself is quite long and complex - 1,200 pages. While it will take time to fully digest, we do already know ... [Continue Reading]