Market Summary- Q3 2012
Markets are said to “climb a wall of worry”, which is just what they did in the past three months as investors continued to buy stocks despite the coming “Fiscal Cliff” and lessons of history that labeled September as the cruelest month for equities. In our conversations with clients over the past few months, it seems we hear a lot of sentences begin with a phrase something like “in this economy”. The context is that a piece of good news or a positive result is somehow unexpected or doesn’t really fit with the current meme of a global financial crisis. Quite unexpectedly, it seems, 2012 is...
Read MoreOctober 2012: Does Financial Advice pay for itself?
1.8% per year. That is the annual added benefit delivered by financial advisors to their clients according to Chicago based Morningstar, Inc. in a recently released study*. You may recognize the name Morningstar, a firm that is best known for its analysis of mutual funds, stocks and ETFs. In this role they have built longstanding relationships with financial advisors and have developed a deep understanding of our business. Meet Gamma – no, this is not a new character in an X-men movie. This is a new measurement Morningstar has created to describe “the additional expected retirement income...
Read More