Did you happen to catch the incredible and eye-opening FRONTLINE documentary that recently aired on PBS – “The Retirement Gamble”?
This hour-long program presented a no-holds-barred look at the broader financial industry and how, specifically, the behavior of traditional Wall Street brokerage firms and non-fiduciary “financial planners” has contributed to the erosion of retirement savings for millions of Americans.
If you didn’t catch the program, we highly encourage you to see it and, in fact, share it with your friends, family and neighbors.
Here is a link to the program, which is available in its entirety via the PBS website.
Watching this program reinforces the immense pride we feel here at JDH Wealth Management working with our clients as fiduciary wealth advisors. As it was made clear in the FRONTLINE documentary, serving as a fiduciary means that our firm only provides advice that serves our clients’ best interests. Unbiased. Independent. Doing the right thing.
We hope you enjoy the program.
There’s a lot going on in a passive portfolio.
Passive management represents perhaps the most important investment development since the introduction of mutual funds. This patient, disciplined investment philosophy eschews stock picking and market timing in favor of a long-term, buy-hold-rebalance strategy.
Academic research has shown that a passively invested portfolio will outperform a prediction-based, actively managed one simply because of fees and expenses. But sometimes, investors hear the word “passive” and get the wrong idea.
Passive investing typically involves far less trading than active management. It is an approach built on patience and persistence. But don’t mistake all this patience and discipline for set-it-and-forget-it. Behind the calm exterior of the passive portfolio is a beehive of activity. The passive advisor proactively orchestrates a wide range of decisions and actions that keep the portfolio aligned with the interests and goals of the investor.
The BAM ALLIANCE is an active community of more than 130 independent wealth management firms throughout the United States that have discovered a better way to help investors and their families take control of their financial futures and achieve their most important goals.
There are two ways of learning: You can be taught how to do something correctly, or you can be shown the consequences of doing it wrong. In the world of investment, it’s a lot cheaper to learn from others’ mistakes.
A recent edition of a television current affairs program detailed how elderly Australians, many of them with only modest nest eggs, had lost up to $15 billion in recent years through dubious investment schemes.
Most of these schemes involved the provision of high-risk finance to property ventures, some involving speculative residential projects. Yet, the program found, these investments were often promoted as safe, secure, and bank-like.
In some cases, the promoters of the schemes extracted high fees (as much as 5%) from the vehicles, and engineered related-party transactions that cost the elderly clients millions—without giving them any say in the matter.
Click here to read the full article by Jim Parker, Vice President, DFA Australia Limited