We are currently meeting with clients and prospects by appointment only. Join our newsletter!
Subscribe
(240) 880-1938

Learning Center

DOL Opponents Are Motivated By Self-Interest

//
Comment0
The securities industry is all atwitter at the prospect of having to put the interests of retirement plan participants above its own. It’s marshaling its massive resources to fight a rule proposed by the U.S. Department of Labor (DOL) that would require all advisors to be “fiduciaries” to the employees saving for retirement in these...

Read More →

Don’t Derail Your Plan Over Greece

//
Comment0
Investors certainly have enough to worry about these days. In addition to concerns about the Greek crisis itself, a lot of investors are worried about the risk of it spreading. Greece did indeed default on its International Monetary Fund (IMF) loan, but has since repaid it with the new rescue package it received. Many of...

Read More →

Fiduciary Rule Opponents Are Motivated By Self-Interest

//
Comment0
The securities industry is all atwitter at the prospect of having to put the interests of retirement plan participants above its own. It’s marshaling its massive resources to fight a rule proposed by the U.S. Department of Labor (DOL) that would require all advisors to be “fiduciaries” to the employees saving for retirement in these...

Read More →

Ignore The Dividend Hype

//
Comment0
Even though financial theory has long held that dividend policy should be irrelevant to stock returns, there has been a rush in recent years to invest in dividend-paying stocks. This trend has been fueled both by media hype and the current regime of interest rates, which are well below historical averages. The low yields on...

Read More →

The Problem With Structured Notes

//
Comment0
Over the past decade, structured investment products, also known as equity- or index-linked notes, have become increasingly common in the portfolios of retail investors. In 2013 alone, more than $40 billion in structured notes were issued. And this is not just a U.S. phenomenon. A 2009 study by Marc Rieger and Thorsten Hens found that...

Read More →

The Truth About The Carry Trade

//
Comment0
One of the more popular strategies pursued by hedge funds is the currency carry trade. The strategy involves borrowing (going short) a currency with a relatively low interest rate and then using the proceeds to purchase (going long) a currency yielding a higher interest rate, thus capturing the interest differential. The strategy can be “enhanced”...

Read More →

Liquidity Premium Diminishing

//
Comment0
Liquidity can be described as the ability to trade a large number of investments quickly, at low costs and when you want to. Because it is a priced risk, liquidity and its associated price effects are an important aspect of financial markets. In illiquid markets, such as the private equity market, discounts are large and...

Read More →