R.I.P., Stable Value Mutual Funds
January 1, 2005An attractive option for investors seeking high yields with low risk in their Individual Retirement Accounts is gone. The article “Can You Rely On Stable Value Funds?” in the October 2004 issue of Sentinel discussed the pros and cons of stable value investments. It also outlined potential solutions to resolve U.S. Securities and Exchange Commission concerns about stable value mutual funds, a type of stable value fund generally available in …
Faith In Mutual Funds After Scandal
January 1, 2005The recent mutual fund scandals have shown how certain industry insiders put their own interests first, at the expense of customers who trusted them. Should investors trust the industry again? To paraphrase the 18th century Irish statesman John Philpot Curran, eternal vigilance is the price of a good investment. Or, to put it in more modern terms, trust but verify. Mutual funds remain an excellent way for most investors to …
Mutual Fund Scorecard
January 1, 2005Mutual Fund Scorecard Fund Company Total Settlements Company Executive Settlements Company Executive Banned Other Company Executives Fired, Resigned, Left Alliance Capital Management 600,000,000 4 American Express Financial Advisors 6,706,693 Bank of America 535,000,000 1 Bank One 90,000,000 100,000 1 for 2 years 1 Bridgeway Capital Mgt 5,108,764 50,000 Canary Capital Partners 40,000,000 …
Does The Market Really Know Everything?
January 1, 2005Countless money managers set out every day to beat the stock market. Most are very smart, most are very diligent, and most are doomed to fail. Why? Because smart as these money managers are, the market is smarter. In fact, the market knows everything that can be known about every stock an investor might buy or sell. This, at least, is the way the world theoretically would work if every …
Firm Grows; Staff Members Accept New Responsibilities
January 1, 2005Eric Meermann has been promoted to client service manager at Palisades Hudson Financial Group LLC, while Jonathan Bergman assumes new duties as our organization’s chief investment officer. Eric, 26, joined Palisades Hudson in 2000 as a client service associate. He earned his Certified Financial Planner credential in 2004, and also holds the Accredited Valuation Analyst designation. He is the lead manager for our firm’s business valuation practice and is extensively …
Stand Back: This Lame Duck Is Ready To Charge
January 1, 2005If you are not a fan of President George W. Bush, here is one small piece of good news: Once he is sworn in this month, he will be a lame duck. If you are a fan of the president, here is a bigger piece of good news: President Bush commences his second term with a beefed-up Republican congressional majority whose key members may be more committed to the president’s …
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