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 […]
Five Reasons Why Crypto will Eventually Displace Equities
One day — in the not too distant future — crypto will completely displace equities as an asset class. Yes, you read that correctly. Our beloved equities will soon join the club of obsoletion where the phone booth, the Walkman, the floppy disk, the Fotomat, the VCR, the fax machine, and many others reminisce about their youth while watching […]
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 […]
How 2016 Reshaped Financial Services for Generations to Come
2016 will be etched in time as one of the most unpredictable and metamorphic years in our planet’s history. While every fragment of civilization will feel the effects of 2016, the year will leave an indelible imprint on financial services, global political landscapes and mass media for generations to come. The year began with the […]