The gender retirement gap: Why women are more likely to fall into poverty in retirement August 14, 2017 “The retirement issue is the single largest issue we will be facing in the 21st century.” Diane Garnick told participants at the 2017 CFA Institute Wealth Management Conference in Nashville, Tennessee, USA that “when people do not save for retirement, they are in big trouble.” Advisers must be ready to address these concerns. “The big [...]
Clients for life: 7 ways to maintain connections through tough times August 2, 2017 Why do many widows leave their investment advisers after the death of their spouse? Amy Florian, CEO of Coregenius and author of No Longer Awkward: Communicating with Clients through the Toughest Times of Life, asserts that clients leave because most advisers fail to maintain connections during times of adversity and do not know how to [...]
How can you manage the effects of geopolitical uncertainty when investing? July 21, 2017 Politics and geopolitics are polarising and confusing. Yet it is critical that investors integrate such criteria into their analysis. “[Investors] absolutely should be paying attention to geopolitics,” said Willis Sparks, the director of global macro at Eurasia Group, in an interview with Jason Voss, CFA, content director at CFA Institute. “It’s a complicated issue and [...]
What is your belief system? June 23, 2017 Everyone has a belief system that drives their behaviour. To be successful, we should understand the major beliefs that influence our work. If we believe that equity markets are efficient, for example, we might not choose a career in active management. If we believe that money is the root of all evil, we might not [...]
Emerging market equities: unloved and under-owned June 21, 2017 “Emerging market (EM) equities has a history of headlines — mostly negative — and volatility,” said Devan Kaloo, Head of Global Emerging Markets Equities at Aberdeen Asset Management. Yet there is reason for optimism, Kaloo assured attendees of the 70th CFA Institute Annual Conference, especially for those value investors who dive deeply into the fundamentals, [...]
Why crowd-based capitalism has changed the economy June 14, 2017 Technological advances are reshaping our jobs and the nature of work. How will the global economic system evolve? What will the future of work look like? As an observer of digital disruption, Arun Sundararajan, author of The Sharing Economy and Professor of Information, Operations and Management Sciences at the NYU Stern School of Business, noticed [...]
Should you trust your own judgement when investing? June 7, 2017 Investing and throwing darts share many traits. Most investors and dart players miss. But simple behavioural nudges can help improve our accuracy so that we’re more on target. Take economist Richard H. Thaler’s oft-cited example of the urinals at an Amsterdam airport: Patrons were making a mess. Their aim was off. Why? Maybe they were [...]
How can we build a culture of better decisions? April 20, 2017 We could all make better decisions. Whether it involves buying or selling an investment, hiring an employee, or considering an important life choice, making better decisions produces non-linear returns. Repeated bad choices, on the other hand, lead to a long road of frustration. As anyone who’s read Daniel Kahneman’s Thinking, Fast and Slow or Michael [...]
What’s wrong with MiFID II? April 13, 2017 Years in planning and one year late, the European Union’s wide-ranging new Markets in Financial Instruments Directive II (MiFID II) regulation will still catch out much of the industry. While the aim — to fully and transparently align the industry with the end client — is worthy, the challenge is in implementation. Some areas remain [...]
How can you make your presentation stand out? March 30, 2017 Presenting is an essential responsibility for many finance professionals. To gauge just how essential, we asked CFA Institute Financial NewsBrief readers how often they have to give presentations. More than half of the 585 respondents (58%) to our unscientific poll said they present at least once a month. Meanwhile, only 19% responded that they “rarely” [...]