The Foundation for The Fiduciary Standard's Letter to the DOL

On Wednesday, September 07, 2011, The Foundation for The Fiduciary Standard sent the following letter to the U.S. Department of Labor regarding the Proposed Fiduciary Rule. The letter is reproduced...


New Institute to Educate, Advocate on Fiduciary Standard

Philip Chao, Principal and Founder of Chao & Company, was recently featured in an AdvisorOne article as a result of his work as an advocate of the fiduciary standard. For your convenience, the...


Quarterly Market Commentary - Q2 2011

The second quarter ended at the top of a rollercoaster ride. The stock market had a decisive downturn for 6 weeks in June spooked by the latest round of European sovereign debt flare ups, but the...


Quarterly Market Commentary - Q1 2011

The Dow Jones Industrial Average rose 742.22 points, or 6.4% to 12319.73 during its best first quarter in 12 years. The Standard & Poor's 500-stock index was up 68.19 point, or 5.42% to 1325.83...


DOL Comment Letter on Fiduciary Definition

On Oct 22, 2010, the DOL issued proposed regulation in an effort to redefine the term “Fiduciary”. Here is the written public comment in support of the DOL by Chao & Company.


Quarterly Market Commentary – Q4 2010

2010 turned out to be a decent year for the capital markets. The world stock markets have significantly recovered since the low was reached in March 2009. The following chart shows the performance of...


Quarterly Market Commentary - Q3 2010

The Gross Domestic Product (GDP) for the third quarter came in at 2%, a slight increase from the prior quarter of 1.7%. The increase is attributable to accelerated spending by the consumers and...


Quarterly Market Commentary - Q2 2010

After a relatively calm and upbeat first quarter, fear and apprehension have come back to the global markets.  After a 5% plus return for the S&P 500 in the first quarter following an almost 27%...


Quarterly Market Commentary - Q1 2010

The US economy continues to recover from the Great Recession which began in December 2007.  Every economic indicator either has turned positive or at least shows stability. A V shape recovery seems...


Quarterly Market Commentary - Q4 2009

2009 has certainly been a tumultuous year. In March, the banking world was at the precipice of total collapse and investors’ fears were evidenced by cyclical lows in almost all major market indexes....