Peace of Mind

Which strategy would you call active versus passive?

How many times did the Wall Street consensus predict a market drop? "A spectacular zero."

Normal is the market going up and down in a manner that can be unnerving over short-term periods.

It’s not enough to follow someone’s advice to invest in index funds. Actual passivity contradicts the trustee’s duty to act as a prudent fiduciary. Passive investment products are potentially as complex as any other, and prudence demands careful evaluation.

For many of us who have been in the industry for many years, the evidence is hard to take.

Many firms don’t charge their clients for trustee, fiduciary, or planning services. In many cases, their clients get what they pay for.