The late Casey Kasem closed each of his American Top 40 radio show with “Keep your feet on the ground and keep reaching for the stars.” I am not sure how good an investor he was, but his closing statement each week summarized prudent portfolio construction perfectly – reaching for better returns should be on the shoulders of a solid foundation.
Here we explore the past, present and future of the Chinese currency.
There are many factors at play, but we are now again looking to the U.S. consumer as the pillar of strength to lift us out of the current malaise.
Here we have highlighted the changes from the January 27, 2016, press release.
Here is Chao & Company’s market commentary for the 4th quarter of 2015.
This article discusses JP Morgan’s fiduciary failures and what we can learn from them.
Here we have highlighted the changes from the December 16, 2015, press release.
Here we have highlighted the changes from the October 28, 2015, press release.
Here is Chao & Company’s market commentary for the 3rd quarter of 2015.
Here we have highlighted the changes from the September 17, 2015, press release.
As the FOMC prepares to meet this week to determine its interest rate policy, we wish they would take action.
Here we have highlighted the changes from the July 29, 2015, press release.
Here is Chao & Company’s market commentary for the 2nd quarter of 2015.
The Supreme Court stated that the fiduciary duty under the Employee Retirement Income Security Act of 1974 (“ERISA”) is derived from the common trust law, and its decision affirms the fiduciary duty to provide ongoing monitoring of plan assets. The fiduciary duty to...
Here is Chao & Company’s market commentary for the 1st quarter of 2015.
Philip Chao was recently featured in an InvestmentNews article on how much advisers weigh a manager’s investment in his or her own fund when selecting one. Here is that article.
Here is Chao & Company’s market commentary for the 4th quarter of 2014.
Here is Chao & Company’s market commentary for the 3rd quarter of 2014.
The October 23, 2014, IRS Notice 2014-66 coupled with the confirmation from the DOL Information Letter of the same date cleared the way for target date funds to include unallocated deferred annuity contracts in their investment mix. The Notice and the Information Letter tie together DOL regulation regarding qualified default investment alternative and the fiduciary safe harbor rule for selecting annuity providers.
Many plans immediately “fired” PIMCO when Bill Gross’s departure was announced. However, when a manger leaves a fund that is on a plan investment menu, Chao & Company looks to the plan’s written investment policy for guidance rather than a knee-jerk reaction. .