At the basic level my job is to help clients make better decisions with their money so they have more time to focus on the things that are important to them–the things that will help cement their legacy. For that reason I’m always looking for new material on the subject of decision-making.
Almost four years after the Wall Street Reform and Consumer Protection Act or the Dodd-Frank Act gave the Securities and Exchange Commission (SEC) the power to enact a universal fiduciary standard Registered Investment Advisors (RIAs) and broker-dealers are still held to different standards.
(Note: You may want to read last week’s blog dated April 7 2014 before you read today’s entry.)
Is the stock market rigged? If you saw the 60 Minutes interview with Michael Lewis the former Wall Street broker and author of Liar’s Poker The Big Short and Flash Boys you know what he said. Lewis shocked many viewers last week when he asserted that “the stock market is rigged.” And it may be doubly shocking to my readers to kno