Fiduciary Rule will shake up the financial services industry

Posted on Leave a commentPosted in Accounting, Financial Planning, Investment, Wealth Management

Most of us in the financial services or advisory professions are generally aware of the impact of the “Fiduciary Rule”.  But few, including myself, has any in-depth understanding of the scope of its impact. This well-written explanation of the fiduciary rule comes from a training material for financial service professionals. I added the emphasis. “In […]


Posted on 1 CommentPosted in Financial Planning, Investment, News and Politics, Wealth Management

One hundred trillion dollars. That’s the total net worth of all Americans in 2017*.  It’s a staggering number. For practical discussion purposes, we might say that figure is the net worth of rich Americans. The top 160,000 households (one tenth of one percent) control a quarter of this wealth.  About half of all this U.S. wealth […]

Vanguard makes investment decisions easy

Posted on 1 CommentPosted in Financial Planning, Investment, Retirement

I used to make a living as a Registered Investment Adviser and worked with Vanguard Group and other investment management firms. Now I provide generic standardized advice on investments when appropriate in the course of other accounting and financial planning services. My work now does not require a separate government registration as an investment adviser. Why […]

My 2017-2018 economic and political forecast

Posted on Leave a commentPosted in Financial Planning, Investment, News and Politics, Small Business

“It’s still the economy, stupid” My fundamental forecasting premise is that the current federal administration’s fate and effectiveness in this divided country ultimately lies in the direction of the economy. Given the basic current macroeconomic factors: high stock market low interest rates high level of entitlements, and the low level of unemployment, I conclude that current […]

Trends in home ownership

Posted on 3 CommentsPosted in Banking, Financial Planning, Investment, News and Politics

The rate of individual home ownership is stuck at the lowest point in our lifetime. The trend will be further aggravated in 2017 as interest rates rise, real estate tax incentives diminish, and disposable income falls for the lower half of American households. Yet it remains unclear whether the homeownership issue indicates a serious underlying economic problem or a […]