The adoption, delaying, and reconsidering of the Department of Labor’s Fiduciary Rule has been a recent hot topic in the financial services industry. Much discussion and controversy has been swirling about whether the Rule would be adopted in its original form, modified in some way, or completely scrapped.As most of you know, CCM is firmly grounded in the fiduciary standard of care. If you missed Greg Carlson’s recent article on this topic, I encourage you to read, “What the Fiduciary Rule ... [Continue Reading]
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Golf enthusiasts watched Brooks Koepka birdie three of the final five holes last weekend to win the U.S. Open Championship. Brooks finished the tournament with a total score of 16 below par, an incredible feat for what is traditionally one of the toughest tournaments on the PGA tour. With great performances come large rewards, and this win netted Brooks $2,160,000. Even though outstanding golf performances like this can result in big paydays, over the course of a year it is consistency that ... [Continue Reading]
Conventional wisdom tells us that as we age, our investment portfolio should become more conservative. Once we reach retirement we want to start reducing the volatility in our portfolio, so we add more stable bonds into the portfolio and we start to remove a portion of stocks. As we age further, we may want an even more stable portfolio of investments, so we add even more bonds into the mix. However, 'conventional wisdom' doesn’t apply to every situation and every family. When we meet with ... [Continue Reading]
TRIVIA TIME: how many stocks make up the Wilshire 5000 Total Market Index (a widely used benchmark for the U.S. equity market)?While the logical guess might be 5,000, the reality is that as of December 31, 2016, the index actually included around 3,600 companies. In fact, the last time this index contained 5,000 or more companies was at the end of 2005.1 Surprisingly to most, this reduction in investable companies is nothing new. Over the past two decades, there has been a steep decline in ... [Continue Reading]
At varying ages and stages in life, people experience the impact of inflation at different rates. These varying rates of inflation and their subsequent expenses have a direct impact on the income needed from an investment portfolio. They must be accounted for within a holistic wealth management plan to ensure a successful outcome.The phenomena of experiencing the impact of inflation rates at varying stages of life is primarily observed through lifestyle expenses. For example, the inflation ... [Continue Reading]