Three lessons for advisers from the closing of the Third Avenue Focused Credit Fund.
The industry has two major problems. It lacks diversity, and it doesn't recognize that it lacks diversity.
Senior$afe Act seems like a win-win for financial advisers and their elder clients.
Advisers will need to stay current during the evolution of this new retail-level private equity market
Must make it clear that investors come first, not the firms being regulated
Advisers undoubtedly are going to have to deliver some bad news, but not delivering it would be even worse for clients.
If advisers think GDP growth is going to remain low, their first step should be to lower client expectations about investment returns.
It's the adviser's job to make sure they do expect clients to live long — and plan for it
