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ING DIRECT resumes index fund spin-doctoring
I have been a happy ING DIRECT banking and insurance client for more than a dozen years. A little more than two years ago, they sent me (and presumably all of their clients) a brochure on their then-new Streetwise Funds® which extolled the...
Jack Bogle Says Industry Must Return To Stewardship Model
At a recent CFA Conference in Boston, Jack Bogle, the Founder of Vanguard Group, said that the investment industry should return to its roots and abandon salesmanship for stewardship. A summary of his comments, as well as Christopher Davis,...
The Future For Hedge Funds
It’s been almost three years now since the initial cracks in the global capital markets were first experienced back in 2007. At that time, it seemed like the term, “Hedge Fund” was on the lips of so many investors who were seeking...
Toward A New Science Of Private Client Psychology
The attached article by Charlotte Beyer (Founder & CEO, Institute for Private Investors), which appeared in the November/December 2009 issue of CFA Magazine, reviews how a new science of private client psychology would examine how trust and...
The Outsourced Chief Investment Officer (CIO) As Fiduciary Manager
At HighView Financial Group, we recognize that there are many organizations that have a fiduciary obligation for the oversight of large pools of capital entrusted to them for the benefit of others — advisory firms, family offices, foundations,...
Bearish Sentiment
Looks like the bears are beginning to come out of hibernation again. Beginning with the Goldman Sachs fiasco, followed by continuing uncertainty about the viability of the Euro as Greece debt hits the wall, equity traders have begun to head for...
Adding value to ETF portfolios; how money managers use ETFs; and panic over Greece
In a recent blog post, I warned that advisors may face investment, competitive and/or compliance challenges when using ETFs in a fee-based account for clients. In the May 2010 issue of Investment Executive, I took the opposite side of the issue...
Fiduciary Standards Would Protect US Investors: SEC Commissioner
A commissioner at the U.S. Securities and Exchange Commission insists that anyone providing investment advice should be held to a fiduciary standard. In a speech to the Investment Adviser Association Annual Conference in Chicago Thursday, SEC...
No free lunch with ETFs, unless you’re a disciplined DIY investor
There may be a trend afoot in the industry whereby mutual fund companies launch funds housing exchange-traded funds (ETFs). The first I can recall is the now-defunct Spectrum Tactonics fund (which used technical analysis to trade ETFs) launched...
The challenges of passive fee-based advice; market neutral funds
In the April 2010 Investment Executive, I touch on some of the challenges that advisors face in transitioning to an index-oriented fee-based business model. Keep an eye out for my follow-up in the May issue, in which I will outline where advisors...
