Last month, in a judicious move, the US Department of Labor (DOL) announced intentions to allow defined contribution plans to offer its participants exposure to private equity investment opportunities. Although democratizing access to investment products and fostering asset class diversification will accomplish more to narrow the national wealth gap and thwart a looming retirement crisis […]
Top 10 Lessons of 2017 and Some Very Bold FinTech Predictions
I once read that, in life, we encounter two kinds of people: 1) those who are blessings and 2) those who are lessons. And, in the end, we will thank them both. I believe that a similar philosophy can be applied to our relationship with time. Throughout our lives, we experience two kinds of years: […]
The Digital Investing App that will Galvanize Retail Investors
While I can’t recall the exact date, I can remember the very spot where I was standing when, in early 2015, I received a call from my good friend and crowdfund pioneer, Sally Outlaw. I assumed that she was calling to discuss the latest State to promulgate crowdfunding legislation or perhaps to bounce off a […]
DOL Fiduciary Rule or Not – Why Brokerages will be Distancing Themselves from the Retail Retirement Market
The other day I published an article which drew attention to a battle I sense brewing in the retail retirement industry between the Brokerage IRA and the Trust Company IRA. Although no one is really paying much attention to it right now, I promise you that this race to launch a next-generation retail retirement product […]
The Battle to Launch a Next-Generation Retirement Product & Control $14 Trillion in Investment Direction
In the Fall of 2016, I penned an article entitled, “Modernizing the Self-direct IRA – The Trillion Dollar FinTech Opportunity” – the first in a new series of articles that focuses on next-generation retirement planning. The piece underscored how FinTech will mend America’s flawed retirement system and foster the growth of “digital” investing. This initial […]