The Derivative Project

Lack of Performance Reporting

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

The Whys Behind Super Normal Profits for Wall Street in 401k Plans:   What is Yale Professor Ayres’ proposed solution to protect consumers from Wall Street shenanigans in 401k plans?  Double down!  Now that the facts and transparency are coming out about the skimming, over the last 30 years, from workers’…

What to Make of Pinnacle Advisory Group’s Fee Pyramid:  Your Road Map to Retirement Financial Advice Fees

What to Make of Pinnacle Advisory Group’s Fee Pyramid: Your Road Map to Retirement Financial Advice Fees

Mr. Kitces tweeted this article today on a recent study done by Vanguard, that contends that an Advisor adds 3 % to an investor’s returns. Are retirement investors at Pinnacle Advisory Group, that pay 3.30% in “advice” fees, actually falling below industry benchmarks, after mutual fund or managed account fees,…

Hello New York Times: Please Define “Conventional Money Management”

Hello New York Times: Please Define “Conventional Money Management”

The New York Times is doing a disservice to every retirement investor in their recent review of the “Robo-Advisors”, “Sites to Manage Personal Wealth Gaining Ground” The New York Times states: “The biggest selling point is that these relatively new sites are often far less expensive than conventional money managers,…

Bloomberg ETF Analyst Promotes New Wall Street Wolf— In Sheep’s Clothing?

Bloomberg ETF Analyst Promotes New Wall Street Wolf— In Sheep’s Clothing?

Just because something costs less, does not mean it adds more value, after all fees. Bloomberg ETF Analyst, Eric Balchunas, saw the movie Wolf of Wall Street, and came to the same conclusion Not On My Nickel did based on working in the industry.  Financial intermediaries add an extra layer…