Closed Minded

By | October 26th, 2016|Advisor Insights|

A couple of things we just learned from the Closed End Fund Association: One, there’s such a thing as the Closed End Fund Association. Two, closed-end funds have been around in the U.S. since 1893 – some 30 years before open-end funds made the scene in the 1920’s bull market. Who’d have thought? Unlike traditional [...]

Forced Retirement

By | October 12th, 2016|Advisor Insights|

It was a bit hard to hear over the roar last Thursday when Merrill Lynch told its 14,000 brokers they were likely out of the retirement advice business. Indeed, whether anyone outside of the Thundering Herd heard it or not, what is now the Bank of America’s brokerage unit announced it was abandoning the traditional [...]