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 […]
How Amending the Accredited Investor Rule Can Stabilize Markets, Enhance Portfolio Returns and Foster Innovation
On December 18, 2019, nearly 4 years after the House passed the Fair Investment Opportunities for Professional Experts Act (H.R. 2187) with overwhelming bipartisan support (347 to 8), three of the five SEC commissioners voted to publish a proposal to broaden the accredited investor definition – giving more individuals the ability to strengthen their investment […]
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 […]
Can Micro-Investing Technology Reverse America’s Harrowing Wealth Gap?
Developed in 1952 by Harry Markowitz, the Modern Portfolio Theory (MPT) is premised on the notion that portfolio returns can be maximized by spreading risk across many different investments. With an estimated $7 trillion in institutional assets currently invested in accordance with the methodologies of MPT, it continues to be one of the most important […]