28 Jul 2017

New Study Again Cites Importance of Low Fund Fees

It is widely regarded in the modern world that the earth revolves around the sun. Now, it is time for more investors to understand that the fees charged to manage your mutual funds in a 401(k) and elsewhere all reduce your net investment returns. There is a direct connection: the

Chuck Epstein 0
02 Jan 2017

Fees, Revenue Sharing and Deregulation: How the New Trump Plan Will Raise Retirement Costs

The Republicans have never hid their distain for regulation and now with the surprise victory of Donald Trump and his arch conservative vice president, the simmering Republican distain for reversing all things from the 1930’s New Deal will are going to be reviewed and partially reversed . This will take

Chuck Epstein 0
29 Jan 2016

How Honesty Will Change the Financial Services Industry

The Golden Rule is having an impact on the financial services industry. This biblical phrase, “Do to others as you would have them do to you.” (Luke 6:31) has driven discussions about the ethics of reciprocity for over a thousand years, but at many of the nation’s largest financial services

Chuck Epstein 2
23 Dec 2015

What the Scorpion, the Frog and JP Morgan Have in Common

An old tale tells the story about a scorpion who wanted to cross a river. Unable to swim, the scorpion asks a frog, who was sitting on a nearby rock, if he could ferry him across the river on his back. “I would do that for you, but how do

Chuck Epstein 0
16 Dec 2015

Senate’s 2015 Omnibus Spending Bill Works Against Individual Investors

The near decade-long battle against adopting the fiduciary standard has been politicized from the start, butyesterday’s passage of the Senate’s Omnibus 2015 $1.1 trillion spending bill delivered  a huge package of tax breaks, as well as  a provision that barred the SEC from forcing financial companies from disclosing their political

Chuck Epstein 0
20 Nov 2015

Investors and Retirees Should Expect Less in 2016

2016 looks like it will be a rocky years for investors. U.S. economic growth in 2016 was cut to 2.4%, a decrease from a previous estimate of 2.8%, according to a report by Goldman Sachs in September 2015. On a global level, GDP growth was cut from 4.3 %  to 3.7% primarily due

Chuck Epstein 0
05 Nov 2015

The Investment Company Institute Again Betrays Individual Investors

The leading trade association of the $16 trillion in assets (as of year-end 2014) mutual fund industry has again shown its distain for individual mutual fund shareholders. In a recent letter to Congressional committee, the president of the Investment Company Institute (ICI), the mutual fund industry’s leading lobbying group, went

Chuck Epstein 0
22 Oct 2015

Coca-Cola, Big Tobacco, Oil and the Need for the Fiduciary Standard

Coca-Cola, Big Tobacco, Oil and the Need for a Fiduciary Standard. What do all of these things have in common? At first glance, it would seem nothing, but there is a common thread: It’s about levels of deception. In some cases, these are deceptions that have lasted for generations and

Chuck Epstein 0
24 Aug 2015

Why Severe Market Drops Are Fool’s Mate for Individual Investors

Fool’s mate happens in chess when a player, often a novice, is boxed into a position where any action leads to defeat. That’s the case for individual investors today as evidenced by the record 1,089 point drop in the Dow-Jones Industrial Index in first few minutes of trading on August

Chuck Epstein 0
18 Jul 2013

Major Disconnect in Survey on Impact of Fund Fees on 401(k) Participants

Something does not add up in a recent survey on the impact of the DOL mutual fund fee disclosure regulations on 401(k) plan participants. According to a survey of 416 plan sponsors conducted by BMO Retirement Services, 80% of employers reported that the new DOL rules mandating full disclosure of

Chuck Epstein 0