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01 Nov 2011

Keeping Your Broker Honest

The SEC has recommended that investment professionals providing personalized advice to retail customers follow a fiduciary standard of care, according to a SEC staff report sent to Congress on January 21. The long-awaited staff report recommends that the SEC commissioners write regulations to create a fiduciary standard for broker-dealers, which

Chuck Epstein 0
31 Oct 2011

Investors Still Awaiting Decision on Critical Issue of Fee Reform.

Note: This article was originally published in July 2010.  Investors are still waiting for a decision. After decades of wrangling, false starts, and back room intrigues, it looks like the SEC is finally addressing the long-over due, critical issue of mutual fund fees. Today, these fees charged to fund shareholders

Chuck Epstein 0
31 Oct 2011

Master Limited Partnerships Offer Benefits

Investors who are disgruntled with erratic returns from stocks and are searching for yield are increasingly moving into Master Limited Partnerships (MLPs). Once considered esoteric and limited to sophisticated investors, MLPs are publicly-traded on the NYSE and NASDAQ. They offer yields in the form of quarterly distributions, which are similar

Chuck Epstein 0
31 Oct 2011

Insurance Industry Lobbying Group Accused of Thwarting Fiduciary Standard Proposal

The struggle for financial reform became more interesting this week as an association representing financial planners accused an insurance industry lobbying organization of trying to kill the adoption of a fiduciary standard for individual investors. In a petition signed by thousands of financial planners, the Financial Planning Coalition said the

Chuck Epstein 0
31 Oct 2011

Retirees Continue to Rely on Social Security for Majority of Their Incomes

A new study examining the income sources for Americans over age 65 shows more people are relying on Social Security for their retirement income, while income from jobs has remained consistent since 1962, according to a new study by the Social Security Administration. The study found that 38% of Americans

Chuck Epstein 0
30 Oct 2011

Economic Slowdown Affecting American Spending Habits

The current long recession is changing American spending behavior. Based on Bureau of Labor Statistics data from 2007 and 2010, Americans have reduced expenditures on luxury items (restaurants and clothes) and more on essentials (healthcare, fuel.)  The data shows that consumer spending by family unit declined by 3% to $48,109,

Chuck Epstein 0

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