Fi·du·ci·ar·y (noun): an advisor who chooses to be held to the highest standard of the law such that he or she must do what is in their client’s best interest at all times. In other words, put the client first. Period. Not sometimes. Not sort of. Just first. It’s hard to make a case for anything but. Would anyone prefer not having their advisor do what’s right by them? Yeah, it wouldn’t make sense to us either. Yet after countless lawsuits, hundreds of Ponzi schemes, ages of jailtime, and a decent effort by the government to make positive changes (effective …
2016: Year in Review
Record Start, Average Finish But not a good record. The first two weeks of 2016 marked the worst start for the S&P 500. Ever. The entire month of January was the ninth worst since 1928. For some of you, a root canal may have been preferable. And it wasn’t just the S&P 500; it was all stocks across the globe, of all sizes. Fast forward to mid-year, and the United Kingdom votes to withdraw from the European Union – an event known as “Brexit”. More turmoil, though not as bad as January. History tells us that the stock market as …