Why fiduciaries may want to consider fixed income

Investment clarity can help further the advisor-investor conversation

Jack TierneyThe US Marine Corps motto is “Semper Fidelis” or “Semper Fi” for short, meaning “always faithful.” Another related Latin word, “fidere,” means “to trust.” From this root also comes the word “fiduciary,” which refers to acting in a capacity of trust or confidence. While “faith” and “trust” are staples of love songs and wedding vows, “fiduciary” clearly denotes a financial relationship — and this summer, many of you may be embarking on new fiduciary relationships.

What is the fiduciary standard?


What lessons can investors learn from surfers?

As markets ebb and flow, patience and the right tools can help you ride the waves

Jack TierneyFifty years ago, thanks to the lyrics and harmonies of a certain California surf rock band, I became entranced with the idea of catching waves, which to a Midwestern kid like me, sounded like the endless summer dream. To catch a wave, surfers paddle out to a certain point in the water and wait patiently for just the right moment to catch a ride. Some waves die out early, some are steady, and every now and then you catch a really great one that makes up for all the others. However, one thing is obvious — you have to be in the water to take advantage of the opportunities.

Catching the market’s waves

If you’ve ever seen a chart of a full market cycle, it looks very much like a wave


Unit investment trusts: In volatile markets, consider a patient, methodical investment approach

2017 Investment Outlook series

Jack TierneyMacro view

As we look to 2017, we at Invesco Unit Trusts are very happy the US presidential election is behind us and that the world has not changed dramatically. More importantly, our Economic & Market Outlook Committee believes that the slow growth economy will continue, that the “lower for longer” thesis regarding interest rates will stay in place, and that corporate America will chug along at a modest pace of sales and profit growth.

We think a reasonable bull case can be made for the US dollar, between pressure on the British pound stemming from the Brexit vote to leave the European Union, as well as an overbought Japanese yen. We believe inflation in the US should remain


From A to Z: Decoding common financial terms

Skip the alphabet soup and discover the real meaning of these investment terms

Jack Tierney

A former colleague of mine from New York City had a beautiful, multi-syllabic, Italian last name that began with “A” and ended with the “Z” sound. Since it was hard to pronounce for a lot of people, he simply told everyone to call him “A to Z.” This tactic worked, because everyone remembered him and didn’t have to worry about mispronouncing his name.

I remembered him when I was drafting this blog, thinking about all the terms and jargon that our industry uses in describing investments and investment strategies. We literally have terminology from A to Z, and while all of it is useful for the right audience, so much of it can be terribly confusing without the proper context.

So are there terms we can lose — or at least define more clearly? I believe so. Below, I’ve dipped into this alphabet soup to highlight terms that can cause confusion and offer up simpler suggestions to help get the point across.