North America
Trump bump may have long legs – a bull’s view
The so called “Trump bump“, which sent the S&P 500 index of US shares to new highs at the end of last year, has caused many in the markets to become fearful of further gains, but Raymond James chief investment strategist Jeffrey Saut believes we may only be in the early stages of a bull run.
North America | 13 Jan 17
US fiduciary rule critic Scaramucci named in new Trump role
A leading critic of the Department of Labor’s (DoL) upcoming fiduciary rule, which will require pension advisers to act in the best interests of their clients, putting an end to high-commission investment products, has been named as an assistant to president-elect Donald Trump.
North America | 9 Jan 17
US politician introduces bill to delay adviser reforms
A US congressman has introduced a bill that could delay the Department of Labor’s (DoL) much-anticipated fiduciary rule by at least two years.
Millennials are willing to pay for financial advice, finds study
Investors under 40 are willing to pay for expert financial advice, according to the latest study by US consultancy firm Cerulli Associates.
Best Practice | 4 Jan 17
US funds must disclose fees under DoL adviser reforms
US mutual funds will be required to fully disclose all their fees and asset allocation as a result of the Department for Labour’s (DoL) upcoming investment advice rule, according to the Securities and Exchange Commission (SEC).