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Tag: Rachel McVearry

Is the 60/40 Portfolio Dead? | Financial Advisors
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Is the 60/40 Portfolio Dead? | Financial Advisors

As stocks and bonds sank in tandem this year, market watchers couldn't help but wonder aloud: Has the traditional 60/40 portfolio outlived its usefulness?"Considering the tough year for the markets, the chorus of the 'death of the 60/40' portfolio tends to get louder," says Melissa Shaw, wealth manager at TIAA in Palo Alto, California. Shaw notes that the 60/40 portfolio is down more than 20% for the year, causing many financial advisors and investors to question the viability of the mix. Here are some factors for financial advisors and others to weigh as they consider changes to the way assets are allocated in their portfolio: Pros and cons to a 60/40 portfolio now. Finding a suitable mix of assets. There's no one-size-fits-all strategy. Pros and Cons to a 60/40 Portfolio NowA portf...
Expense Checklist for an Advisory Firm’s First Year | Financial Advisors
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Expense Checklist for an Advisory Firm’s First Year | Financial Advisors

Many ingredients go into a financial advisory firm's recipe for success. And building an advisory firm from scratch goes far beyond a standard business plan. An outline of your goals will help direct your steps, but knowing the specific costs to expect will improve your success rate. Having a realistic view of what it takes to start an independent firm and make it through the first year in business should be a part of every business plan, regardless of your experience level. Remember that there are many business models financial advisors can ascribe to (joining another firm, etc.) and still be the boss. That said, here is a breakdown of the startup and first-year expenses of launching an independent firm. Whether you are a career changer starting a new firm, breaking away from a differe...