Quarterly Market Commentary - 2022 Q2

The financial markets have not stabilized since last quarter.  Upside surprise for inflation, continuation of Russia invasion of Ukraine, slow recovery of the supply chain, and global central bank...


Quarterly Market Commentary - 2022 Q1

On March 11, 2020, the World Health Organization, officially declared a global pandemic. Two years hence, we are moving from a pandemic to an endemic. Endemic means that the infection has reached a...


Quarterly Market Commentary – 2021 Q4

Last quarter, we anticipated the birth of a new variant that requires yet to be developed vaccines to protect against.  Unfortunately, the new mutated variant, Omicron, has proven to be...


DOL Propose Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

INTRODUCTION On October 14, 2021, the Department of Labor (DOL) issued proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights , which replaces the current...


Quarterly Market Commentary - 2021 Q3

The COVID-19 Delta variant has slowed the economic recovery, but we are glad to see the rates of infection, hospitalization and death have waned. Unless there is another wave or a new unknown strain...


Quarterly Market Commentary - 2021 Q2

Executive Summary Resurgence of Covid cases and the anti-vaxers could dampen economic activities and thus diminish demand driven inflation pressure. The U.S. economy has likely passed...


DOL Final Rule Prohibited Transaction Exemption 2020 02 for Investment Fiduciary

ERISA and the IRC establish prohibited transaction provisions that generally exclude fiduciaries, with respect to workplace retirement plans (Plan or Plans) and individual retirement accounts and...


Quarterly Market Commentary - 2021 Q1

Executive Summary The three known COVID-19 variants are contributing to a third or fourth wave of infection, hospitalization, and death around the world. All three strains have arrived in the U.S....


ERISA CYBERSECURITY Best Practices & TIPS

The Employee Benefits Security Administration of the Department of Labor issued a new guidance for plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act (ERISA).  The...


Quarterly Market Commentary - 2020 Q4

The recent experiences from 9/11, 2008 and 2020 should clearly remind us all that the future is unknowable.  Regardless of how smart, thoughtful and experienced one may be, predicting the future is...