A recent article in Bloomberg sounded the familiar alarm: “Modern Motherhood has Economists Worried.” Bloomberg looked at data from 1970-2000 among those aged 25-54, showing women’s increase in the working population, while showing men’s moderate decline. Quoting a Janet Yellen speech at Brown University, the writer goes on to state:
Women and Men Declining in the Workforce Read More »
Preserving and Managing Family Wealth Increasingly a Woman’s Domain A recent Wealth Management.com story notes that, according to RBC Wealth Management’s Wealth Transfer Report 2017, the responsibility of managing and preserving family wealth is increasingly in the hands of women. Among the study’s most striking findings:
Preserving and Managing Family Wealth Increasingly a Woman’s Domain Read More »
Corporations have often taken the position that when it comes to sustainability or other socially responsible issues, the costs outweigh the benefits for the bottom line. In his book Capitalism and Freedom, published in 1962, economist Milton Friedman wrote:
ESG: No Longer "Green Window Dressing" Read More »
I’ve referred to topics surrounding the fourth industrial revolution in past blog posts about automation, and disruption in financial services. The fourth industrial revolution is worthy of its own discussion, in particular because the World Economic Forum focused on it at its 2016 meeting in Davos, Switzerland. Executive Chairman of the World Economic Forum Klaus
The Fourth Industrial Revolution is Coming Read More »
President Trump recently hit first 100 days in office. While the media has heavily covered his attempts at immigration and health care reform, coverage about gender issues has been less concentrated. Let’s take a brief look at how women’s issues have fared under the new administration.
Trump’s First 100 Days Read More »
A recent study by a global executive search firm found that people, not technology, are the most important asset to global economic growth. Human capital represents a $1,215 trillion gain for the global economy, while “physical” capital (technology, real estate, and inventory) represents $521 trillion. These results may appear unsurprising yet need to be articulated
People, Not Machines, Pave the Way Forward Read More »
On February 3, President Trump issued a “Presidential Memorandum” that directs the Department of Labor to review the fiduciary rule that, in short, requires broker-dealers to provide retirement investors with services and products only in their best interest. I covered the DOL rule in a post here, and discussed the controversy behind it.
The DOL Fiduciary Rule: Is it Dead? Read More »
The financial services industry is slow to change. The high stakes inherent in the management of money, including the ever-present risk of decreased assets, has stilted the willingness to think outside the box in other areas. In addition, we cannot discount the fact that government regulation makes it difficult for financial services to innovate. We
Fintech: Opportunity or Disruption for Financial Services? Read More »
Last week, British voters surprised the world with their decision to leave the European Union. What started as a conciliatory election promise by Prime Minister David Cameron quickly grew into a close and divisive campaign.
The Brexit Surprise Read More »
In April 2016, the Department of Labor (DoL) released its much-anticipated regulation regarding the Conflict of Interest Rule for retirement investment accounts. Under the new rule, advisors will be held to a fiduciary standard—acting solely in the client’s best interest. This change will affect advisors’ compensation, and has caused controversy in the industry since the
The Department of Labor’s Fiduciary Rule Causing Anxiety Read More »
