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?

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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

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