Recently, I received a question from an investor about what happens when an account gets transferred from one brokerage firm to another. He asks, "Can I transfer my account without penalty?" We can all relate because from time to time we've all had a loan that's transferred or have chosen to transfer a brokerage or retirement account to a different firm. The devil's always in the details. And ... Read More
Robo-Advisors
Rise of Robo Investing
Technology has a way of making life easier and harder at the same time. Take investing, for example. Should you go it alone? Hire an adviser? Or use one of the many new digital investing platforms? Well, the rise of robo investing is here with new ways to handle digital investing. It doesn't have to be an 'either/or' proposition. Forward-thinking investors and advisers can harness technology to ... Read More
Can Index Investing Be Too Good
Can index investing be too good for investors? If everyone just follows the market, will we all fall of the cliff together? I don't think so. But I'm biased here. For those who are clients, you know that index investing is at the core of my investment strategy. Research has shown that the the biggest returns on investment come from where you allocate and not necessarily on the specific ... Read More
Can Robo Advisors Replace Financial Planners
A lot has been written about the trend toward automated online investment platforms that rely on mathematical models and algorithms. Can robo advisors replace financial planners? I don't think so. In the long-run, they can work together. I believe that these platforms have a place in any investor's portfolio. In fact, I believe that the underlying premise of them - low cost index investing, ... Read More
Robo-Advisors: Time to Talk About Fees
Why would anyone want to pay for financial planning advice when you have the internet and Robo-Advisors popping up like mushrooms after a rainy weekend? And if you're going to invest money, why pay more than what you can get from a Robo-Advisors? Then again Google can get you your answers for free, no? While good advice may not be cheap, bad advice always costs you dearly no matter how ... Read More
